Average consumer now carries $6,329 in credit card debt. 'People are stretched,' expert says

[bèlla]

So this (presumably AI summary?) admits "is not attributed to a specific work or speech" and "Voltaire's exact writings may not pinpoint a specific document for this quote".

In other words, your own source is saying that it doesn't seem to be an actual quote of Voltaire. Are you therefore admitting that the quote you offered is a false one?

I’ve read some of his pieces. Let me check my account. I usually save meaningful quotes. I don’t recall the statement off the top of my head. I’ll post what I find.

~bella

 

[NxNW]

UBS, one of the​

0:37
biggest banks in the world, just

0:39
increased the odds of recession next

0:41
year for the US to 93%.


He suggests putting a stash of cash in a savings account. That sounds very risky should the banks fail.

I wouldn't be surprised if there is a recession under Trump, since that seems to be a common trait of Republican administrations. But if banks fail across the board, I doubt having some pretty metal in your safe is going to be super helpful.

Serious question, though: Do you advocate holding the actual physical metal, and if so, how do you store it? Or do you feel holding Gold mutual funds is sufficient?

 

[bèlla]

I didn’t see the quote @HARK! cited and the venue is devoted to books. This may be a situation of wrong attribution much like we’ve seen with Anais Nin. “We don’t see things as they are we see them as we are“ was uttered by another. But if I stumble upon it I‘ll update my post.

~bella

 

[HARK!]

So this (presumably AI summary?) admits "is not attributed to a specific work or speech" and "Voltaire's exact writings may not pinpoint a specific document for this quote".

Did you miss this part?:

 

[HARK!]

Serious question, though: Do you advocate holding the actual physical metal, and if so, how do you store it?

I used to hold it in my hand 24/7, on my ring finger. Yes, I would even sleep with it in my hand. Now I have it tucked away.

Or do you feel holding Gold mutual funds is sufficient?

Is there any counterparty risk in holding mutual funds?

 

[HARK!]

if banks fail across the board, I doubt having some pretty metal in your safe is going to be super helpful.

Monetary metals aren't particularly useful, in the face of an economic collapse; when people are competing for food. Lead is more useful during those periods, for hunting game, or defending oneself from cannibals.

Monetary metals serve to store wealth. In the face of a starving population, money is of little use; if no one is selling food.

However, monetary metals still serve to store one's wealth, until society rebuilds, the trucks begin running again, and food sales resume.

Zimbabwe notes are useful for cooking fires.

 

[bèlla]

Whenever I hear things hit the fan imagery my mind cares less about scenarios but the numbers standout. No matter how much you prepare there‘s more who didn’t than who did. No amount of weaponry can hold back a throng forever. You need something greater than yourself to do so. It wouldn’t matter if you’re in the city or backwoods needs will travel.

But they’re not the only ones. It’s equally easy to relieve people of their goods and property if you have the means. It isn‘t difficult to see the merits of a black market and that’s a possibility few consider in relation to themselves. You’d better put your trust in Lord and learn how to prayer walk and call on the earth and elements. Lead and gold will only get you so far and we need to be honest with ourselves.

There’s 258.5 million adults in America. Of that number, 59.2 million are seniors. Which leaves 199.3 million adults. There’s an estimated 20 million preppers too. If you subtracted them from the whole with the good hearted and disabled the number remains large. Most christians aren’t homesteaders and we haven’t factored in the criminals.

Preparation is good but our greatest defense is the Lord. Make sure your prayer muscles are stronger than your weaponry and you can move the heavenlies.

~bella

 

[NxNW]

I used to hold it in my hand 24/7, on my ring finger. Yes, I would even sleep with it in my hand.

I'd think that would be a pretty small amount.

Is there any counterparty risk in holding mutual funds?

Sure, but there is also risk in having gold bars tucked away.

 

[HARK!]

Whenever I hear things hit the fan imagery my mind cares less about scenarios but the numbers standout. No matter how much you prepare there‘s more who didn’t than who did. No amount of weaponry can hold back a throng forever. You need something greater than yourself to do so. It wouldn’t matter if you’re in the city or backwoods needs will travel.

Building community is important. Those who stand alone, stand in the weakness of lack of benefit of the community.

You’d better put your trust in Lord

Even when he shows me fat cows and lean cows?

 

[bèlla]

Even when he shows me fat cows and lean cows?

You’ve answered your question in your response. Connect with the one who sees what you don’t and fill in the gaps. ;-)

~bella

 

[HARK!]

I'd think that would be a pretty small amount.

You mighty want to do a little research on the subject:

The History of the Gold-Silver Ratio​

For hundreds of years, the gold-silver ratio did not fluctuate much. The ratio was fixed by governments to keep their official currencies stable.




The Roman Empire officially set the ratio at 12:1. In medieval Europe, it fell to 9.4:1 in 1350 but climbed back to 12:1 in the 1450s. The U.S. government fixed the ratio at 15:1 with the Coinage Act of 1792.

https://www.investopedia.com/articles/investing/080316/historical-guide-goldsilver-ratio.asp

In Roman times, a man would work hard all day for a silver denarius. This was about the same size as a US dime.

In the early 1900's, before the Federal Reserve Act, a coal miner would work hard all day for a US dime.

A US silver dime weighs one tenth of a US silver dollar, which weighs a little under an ounce.

At a 15:1 ratio, one ounce of gold is equal to 15 ounces of silver. If each ounce represents approximately 10 days of hard work: 10 X 15 = 150. If one works 5 days per 7 day week: 150 / 5 =30 weeks. If there are approximately 4 weeks per month; then 30 / 4 = 7.5. In my world there is nothing small about over half a year's hard work.

Sure, but there is also risk in having gold bars tucked away.

That depends on how you have them tucked away.

 

[HARK!]

You’ve answered your question in your response.

That wasn't a response. That is what we call an unanswered question.

Connect with the one who sees what you don’t and fill in the gaps.

What don't I see?

 

[bèlla]

What don't I see?

How to address the lean cows. If He told you everything you wouldn’t need another. Nevertheless, Joseph is a fruitful bough. Begin with his blessing from both.

~bella

 

[HARK!]

How to address the lean cows.

I see the bounty in the world that we live in currently, being exposed to the wake of the current domestic and geopolitical turbulence, clearly. I see the life cycle of fiat currencies running their courses; and the one that currently dominates the world economy, is hanging over our heads like the sword of Damocles. What do you not see clearly? I'm here to help.