Getbig.com: American Bodybuilding, Fitness and Figure
Getbig Main Boards => Gossip & Opinions => Topic started by: epic is back on August 14, 2020, 10:45:06 PM
-
Some talk about the "virus" and things being shut down as a major problem, but what about the biggest problem.?
other than other people of course. Policing themselves. hating everyone, not following , "rules" mask -up!! wear your mask you selfish person!!
not even that
its about cashless currency isnt it?
the big problem isnt going to be this "virus" or businesses folding
its taking currency completely digital
this will be the nail in the coffin for the common people.
you havent been paying attention? coin shortage first
10 trillion has changed hands in 5 months. but not your hands. 10 trillion. think about it.
then things inflate so much you cannot carry 3 grand in your wallet to do simple shopping and errands
simple fix go digital!!
then your money is gone. any time you disagree with the wrong person or policy. gone wiped out. or "withheld" just as it states in your tax info each year.
it will be "witheld"
from you
virus? lol thats nothing to worry about
-
Nail in the coffin for old people for sure, my generation doesn't like it, and the older generation definitely doesn't.
Last week i saw an old lady (maybe 10 years older than me) having trouble at the Supermarket.
She didn't understand how to pay with a card and the employees didn't help either (all arabs).
She had to scream "HELP ME! I NEED HELP!".
-
yeah i know.
i dont like digital at all
i want to have hoards of cash in my house or safe, in retirement 10 years away
but if no one accepts it, not good
-
The government definitely has more control over you id everything is digital. It's like the people begging for government run healthcare. They actually think having only one option (run by government bureaucrats) is a good thing.
-
Credit cards bra
-
#1 Buy rural land/move to the country. They can tax land but it will be the very last thing to be confiscated. Plant a garden and get your life grounded in reality.
#2 Buy real stuff and always be turning over your cash here and there to keep up with inflation. I flip a couple cars a year and it returns more than a savings account would, plus I always have access to that money rather than begging the bank for it out of my own account. Try to get 5 grand out of the bank cash and they act like you're Pablo Escobar.
#3 Speculate in stocks, crypto or anything else that you have no direct control over at your own peril. Yeah, it's easy but are things really the same as they were? NOPE.
-
#1 Buy rural land/move to the country. They can tax land but it will be the very last thing to be confiscated. Plant a garden and get your life grounded in reality.
#2 Buy real stuff and always be turning over your cash here and there to keep up with inflation. I flip a couple cars a year and it returns more than a savings account would, plus I always have access to that money rather than begging the bank for it out of my own account. Try to get 5 grand out of the bank cash and they act like you're Pablo Escobar.
#3 Speculate in stocks, crypto or anything else that you have no direct control over at your own peril. Yeah, it's easy but are things really the same as they were? NOPE.
good advice. But its just endless cycycle of gov pissing people off it never ends,...our only hedge is to work hard and be self employed or work for 'them' 'they'
-
Maybe goodgums has the right idea
Buy a tin trailer as a house so you can just hitch it up to your 1996 Jeep Cherokee And tow it off the land you arent allowed to ever own
Then sink all your cash into bitcoin the currency of the criminals on the dark interwewbs
-
Nail in the coffin for old people for sure, my generation doesn't like it, and the older generation definitely doesn't.
Last week i saw an old lady (maybe 10 years older than me) having trouble at the Supermarket.
She didn't understand how to pay with a card and the employees didn't help either (all arabs).
She had to scream "HELP ME! I NEED HELP!".
now i understand why you are a moron on here
I will be kinder to you
-
now i understand why you are a moron on here
I will be kinder to you
Eat shit. Kwon is one of the best posters on here. You are like a tick on the ass of the board.
-
Some talk about the "virus" and things being shut down as a major problem, but what about the biggest problem.?
other than other people of course. Policing themselves. hating everyone, not following , "rules" mask -up!! wear your mask you selfish person!!
not even that
its about cashless currency isnt it?
the big problem isnt going to be this "virus" or businesses folding
its taking currency completely digital
this will be the nail in the coffin for the common people.
you havent been paying attention? coin shortage first
10 trillion has changed hands in 5 months. but not your hands. 10 trillion. think about it.
then things inflate so much you cannot carry 3 grand in your wallet to do simple shopping and errands
simple fix go digital!!
then your money is gone. any time you disagree with the wrong person or policy. gone wiped out. or "withheld" just as it states in your tax info each year.
it will be "witheld"
from you
virus? lol thats nothing to worry about
Any proof or merely speculation based on current events?
Also, a cashless society to what end? Our FIAT currency has really had no true intrinsic value for quite some time given that gold isn’t the standard anymore. Short of the government's imposed and assumed value on our currency, what real value does it have? Value in a broader sense I mean, as the true value of the dollar varies by decade and inflationary influence (compare value of the dollar from the 1960's vs 1990's and it's pretty drastic). Plus, given the incessant need to flood our economy with more money via stimulus packages + money printing, the value will undoubtedly drop in due time by way of hyperinflation (see: 1929).
What I believe we are heading towards is another great depression. This debt bubble could very well burst very soon and rapid deleveraging will ensue. Our government has already placed certain measures in place to slow down and ideally stop the process, but history tends to repeat itself given human nature. Not to mention that the coronavirus pandemic, the high unemployment that ensued and these stimulus packages x 2, have fast forwarded events into play.
"1"
-
Also, I ask because much of our currency is already digital in practice (debit + credit cards, wiring money, paying bills online, direct deposit, crypto etc).
It's this digitized approach to currency use that helps in our ability to have fractional reserve banking (where only a third of our cash supply is ever readily needed at any bank).
Or are you somehow leaning into the the stateless, cashless and classless society that falls more into the realm of communism?
"1"
-
Also, I ask because much of our currency is already digital in practice (debit + credit cards, wiring money, paying bills online, direct deposit, crypto etc).
It's this digitized approach to currency use that helps in our ability to have fractional reserve banking (where only a third of our cash supply is ever readily needed at any bank).
"1"
Yeah this is nothing new. There are many benefits from getting rid of cash. People are always trying to find a conspiracy theory’s.
They are even doing facial recognition payments now. :o
https://www.latimes.com/business/technology/story/2020-08-14/facial-recognition-payment-technology?_amp=true&__twitter_impression=true
-
Yeah this is nothing new. There are many benefits from getting rid of cash. People are always trying to find a conspiracy theory’s.
They are even doing facial recognition payments now. :o
https://www.latimes.com/business/technology/story/2020-08-14/facial-recognition-payment-technology?_amp=true&__twitter_impression=true
I get the convenience of having a cashless society in some ways, but we already participate in that. I can't tell you the last time I carried more than $5 in my wallet. I also have never purchased real estate, cars or major goods with hard cash, it's always been digital transactions.
What my question to Epic was is "a cashless society to what end?"
Because he wrote:
its taking currency completely digital
this will be the nail in the coffin for the common people.
then your money is gone. any time you disagree with the wrong person or policy. gone wiped out. or "withheld" just as it states in your tax info each year.
it will be "witheld"
from you
virus? lol thats nothing to worry about
In other words, what dystopian society is he envisioning where our currency (hard or digital) will be withheld due to disagreements in our personal views of society?
Moreover, in my previous post above (after you quoted it), I even asked him if he was leaning on a communistic society as the direction he sees our country taking.
"1"
-
What I believe we are heading towards is another great depression. This debt bubble could very well burst very soon and rapid deleveraging will ensue. Our government has already placed certain measures in place to slow down and ideally stop the process.
They are trying like crazy to avoid it. Banks are holding record levels of deposits, credit cards were being paid down en masse. That signals an unwinding of the leverage which is why all the QE. If a trillion unwinds and a trillion goes in, you haven't gone anywhere. The inflation hasn't started.
The direct creation of digital currency tells me they are concerned about velocity of money to the pockets of consumers. They want to make it as speedy as possible.
This is a very good move.
-
Paper money is just a promise to pay.
It only has value because of the stability and strength of the government that backs it.
-
Anyone who says this is a good idea is a fucking moron.
Government wants to be able to trace, track and tax everything.
The dollar will be rendered completely worthless at some point over the next decade.
BTW, Warren Buffet just bought a gold stock. He's always hated gold. FOMO Warren? lol
-
Eat shit. Kwon is one of the best posters on here. You are like a tick on the ass of the board.
Both he and his gimmick Roast Beef Pecs. Imagine how desperate and lonely his life must be that he has to hang out on a board where everyone despises him.
-
They are trying like crazy to avoid it. Banks are holding record levels of deposits, credit cards were being paid down en masse. That signals an unwinding of the leverage which is why all the QE. If a trillion unwinds and a trillion goes in, you haven't gone anywhere. The inflation hasn't started.
The direct creation of digital currency tells me they are concerned about velocity of money to the pockets of consumers. They want to make it as speedy as possible.
This is a very good move.
What kind of work do you do? Your posts on various threads regarding this subject has caught my eye. You seem to have a very deep and thorough insight on the very complex subject of monetary policy.
Generally speaking, what do you see in the future. Is all this doom and gloom and inevitable collapse valid?
-
Some talk about the "virus" and things being shut down as a major problem, but what about the biggest problem.?
other than other people of course. Policing themselves. hating everyone, not following , "rules" mask -up!! wear your mask you selfish person!!
not even that
its about cashless currency isnt it?
the big problem isnt going to be this "virus" or businesses folding
its taking currency completely digital
this will be the nail in the coffin for the common people.
you havent been paying attention? coin shortage first
10 trillion has changed hands in 5 months. but not your hands. 10 trillion. think about it.
then things inflate so much you cannot carry 3 grand in your wallet to do simple shopping and errands
simple fix go digital!!
then your money is gone. any time you disagree with the wrong person or policy. gone wiped out. or "withheld" just as it states in your tax info each year.
it will be "witheld"
from you
virus? lol thats nothing to worry about
Agreed - especially on your last point.
I feel like your posts are going to age very well, epic.
As not bright as I consider the average Canadian [or average person anywhere, for that matter], I would not have believed we would be in the current state we are in as of today, 2020-08-15, had you told me this in February/March.
But here we are...
It's odd to me - it's like people will go along with anything. You'd think the powers that be would just implement communism, given how easy it is to herd the sheep.
-
I think there was a collapse in the financial sector last fall
Not public but those who issue currency were realizing there is not enough debt to create more
Meaning they the issuers were holding something that couod no longer be of value
Debt creates money , and the usual big borrowers couldn’t take on more debt
So they created or rather latched onto the virus as a reason to destroy people
In the markets , or in the private sectors , and ran small business into the ground With the lockdown
PPE was newly created debt loaned out so therefore the issuers again could offload more currency again And not get caught
The whole thing is broken
Now we go back up , hyperinflation is the only and last resort till it’s over for the issuers
-
I think there was a collapse in the financial sector last fall
Not public but those who issue currency were realizing there is not enough debt to create more
Meaning they the issuers were holding something that couod no longer be of value
Debt creates money , and the usual big borrowers couldn’t take on more debt
So they created or rather latched onto the virus as a reason to destroy people
In the markets , or in the private sectors , and ran small business into the ground With the lockdown
PPE was newly created debt loaned out so therefore the issuers again could offload more currency again And not get caught
The whole thing is broken
Now we go back up , hyperinflation is the only and last resort till it’s over for the issuers
Very good.
Overnight repo market was the beginning. 100's of billions poured in starting in Sept 2019. Courtesy of the Fed's funny money machine.
It's all so fucking fake. The final crash will be stupendous.
Got gold and silver?... you better.
-
I’m not the only one who noticed
Lots of people especially those in finance know what happened
Most keep quiet to keep playing the game
Only problem is if we “ cash” out and go off into the sunset To play
If no one accepts our cash then there’s a big problem
This is why they want digital
-
The shutdown of the economy was a deliberate engineered event. So the Federal Reserve can step in and
issue trillions in debt and kill the dollar. Then the digital dollar will be revealed..
-
HERE'S WHAT NO CASH ACTUALLY MEANS:
A cashless society means no cash. Zero. It doesn’t mean mostly cashless and you can still use a ‘wee bit of cash here & there’. Cashless means fully digital, fully traceable, fully controlled. I think those who support a cashless society aren’t fully aware of what they are asking for.
A cashless society means:
* If you are struggling with your mortgage on a particular month, you can’t do an odd job to get you through.
* Your child can’t go & help the local farmer to earn a bit of summer cash.
* No more cash slipped into the hands of a child as a good luck charm or from their grandparent when going on holidays.
* No more money in birthday cards.
* No more piggy banks for your child to collect pocket money & to learn about the value of earning.
* No more cash for a rainy day fund or for that something special you have been putting $20 a week away for.
* No more little jobs on the side because your wages barely cover the bills or put food on the table.
* No more charity collections.
* No more selling bits & pieces from your home that you no longer want/need for a bit of cash in return.
* No more cash gifts from relatives or loved ones.
What a cashless society does guarantee:
* Banks have full control of every single penny you own.
* Every transaction you make is recorded.
* All your movements & actions are traceable.
* Access to your money can be blocked at the click of a button when/if banks need ‘clarification’ from you which will take about 3 weeks, a thousand questions answered & five thousand passwords.
* You will have no choice but to declare & be taxed on every dollar in your possession.
* The government WILL decide what you can & cannot purchase.
* If your transactions are deemed in any way questionable, by those who create the questions, your money will be frozen, ‘for your own good’.
Forget about cash being dirty. Stop being so easily led. Cash has been around for a very, very, very long time & it gives you control over how you trade with the world. It gives you independence.
I heard a story where a man supposedly contracted Covid because of a $20 bill he had handled. There is the same chance of Covid being on a card as being on cash. If you cannot see how utterly ridiculous this assumption is then there is little hope.
If you are a customer, pay with cash. If you are a shop owner, remove those ridiculous signs that ask people to pay by card. Cash is a legal tender, it is our right to pay with cash. Banks are making it increasingly difficult to lodge cash & that has nothing to do with a virus, nor has this ‘dirty money’ trend.
Please open your eyes. Please stop believing everything you are being told. Almost every single topic in today’s world is tainted with corruption & hidden agendas.
Please stop telling me & others like me that we are what’s wrong with the world when you hail the most corrupt members of society as your heroes. Politics & greed is what is wrong with the world; not those who are trying to alert you to the reality in which you are blindly floating along whilst being immobilised by irrational fear. Fear created to keep you doing & believing in exactly what you are complacently doing.
-
thats one hell of a list
i dont even want to read it its so bad
fuck!
-
HERE'S WHAT NO CASH ACTUALLY MEANS:
A cashless society means no cash. Zero. It doesn’t mean mostly cashless and you can still use a ‘wee bit of cash here & there’. Cashless means fully digital, fully traceable, fully controlled. I think those who support a cashless society aren’t fully aware of what they are asking for.
A cashless society means:
* If you are struggling with your mortgage on a particular month, you can’t do an odd job to get you through.
* Your child can’t go & help the local farmer to earn a bit of summer cash.
* No more cash slipped into the hands of a child as a good luck charm or from their grandparent when going on holidays.
* No more money in birthday cards.
* No more piggy banks for your child to collect pocket money & to learn about the value of earning.
* No more cash for a rainy day fund or for that something special you have been putting $20 a week away for.
* No more little jobs on the side because your wages barely cover the bills or put food on the table.
* No more charity collections.
* No more selling bits & pieces from your home that you no longer want/need for a bit of cash in return.
* No more cash gifts from relatives or loved ones.
What a cashless society does guarantee:
* Banks have full control of every single penny you own.
* Every transaction you make is recorded.
* All your movements & actions are traceable.
* Access to your money can be blocked at the click of a button when/if banks need ‘clarification’ from you which will take about 3 weeks, a thousand questions answered & five thousand passwords.
* You will have no choice but to declare & be taxed on every dollar in your possession.
* The government WILL decide what you can & cannot purchase.
* If your transactions are deemed in any way questionable, by those who create the questions, your money will be frozen, ‘for your own good’.
Forget about cash being dirty. Stop being so easily led. Cash has been around for a very, very, very long time & it gives you control over how you trade with the world. It gives you independence.
I heard a story where a man supposedly contracted Covid because of a $20 bill he had handled. There is the same chance of Covid being on a card as being on cash. If you cannot see how utterly ridiculous this assumption is then there is little hope.
If you are a customer, pay with cash. If you are a shop owner, remove those ridiculous signs that ask people to pay by card. Cash is a legal tender, it is our right to pay with cash. Banks are making it increasingly difficult to lodge cash & that has nothing to do with a virus, nor has this ‘dirty money’ trend.
Please open your eyes. Please stop believing everything you are being told. Almost every single topic in today’s world is tainted with corruption & hidden agendas.
Please stop telling me & others like me that we are what’s wrong with the world when you hail the most corrupt members of society as your heroes. Politics & greed is what is wrong with the world; not those who are trying to alert you to the reality in which you are blindly floating along whilst being immobilised by irrational fear. Fear created to keep you doing & believing in exactly what you are complacently doing.
Your financials are plenty trackable already. You can't pay your mortgage or bills with undeclared income. It would be immediately obvious.
If cash went away people would just do side jobs for whatever they were going to buy with the undeclared cash which, I would assume, would be consumable luxuries of some sort since you couldn't spend it any other way without it being visible.
Ime being asked to work for cash is a waste of time anyway. Truly. They expect such a discount that I'd have more in my pocket if I just work on my standard rate and pay the tax, so why bother? And if the only way for me to win the work is to engage in a criminal conspiracy with this person who I don't even know, then maybe I'll just take the weekend off and good luck with your cousin who you claim will do $1000 worth of work for 2 cases of beer. ::) Bet he'll be a real pro.
-
Very good.
Overnight repo market was the beginning. 100's of billions poured in starting in Sept 2019. Courtesy of the Fed's funny money machine.
It's all so fucking fake. The final crash will be stupendous.
Got gold and silver?... you better.
Do you think it’s too late for gold, or would it be better to go with silver instead?
Would like to buy some PM’s, specifically gold..wondering if I should jump in before price goes up, or wait for a pull back if I do buy some.
-
Your financials are plenty trackable already. You can't pay your mortgage or bills with undeclared income. It would be immediately obvious.
If cash went away people would just do side jobs for whatever they were going to buy with the undeclared cash which, I would assume, would be consumable luxuries of some sort since you couldn't spend it any other way without it being visible.
Ime being asked to work for cash is a waste of time anyway. Truly. They expect such a discount that I'd have more in my pocket if I just work on my standard rate and pay the tax, so why bother? And if the only way for me to win the work is to engage in a criminal conspiracy with this person who I don't even know, then maybe I'll just take the weekend off and good luck with your cousin who you claim will do $1000 worth of work for 2 cases of beer. ::) Bet he'll be a real pro.
you come into contact with these types?
-
Do you think it’s too late for gold, or would it be better to go with silver instead?
Would like to buy some PM’s, specifically gold..wondering if I should jump in before price goes up, or wait for a pull back if I do buy some.
can your gold or silver travel 2600feet per second?
wake up. thats a waste
can you keep warm wearing that silver?
can you eat it?
us the paper now to get real tangible things
-
you come into contact with these types?
Oh ya. I do drywall, paint, and plaster but don't do much work in the country town I live in. The onion skin layers of botchery I see locally are the result of Cousin Billy and his work for beer policy.
I just tell people I'm a real tradesman who delivers real work for real money. Got a string of builders lining up jobs for me for the next 4 months so I don't find homeowners who want a cash discount worthwhile.
It's nothing but a red flag. They're going to direct you to do the schlockiest pennypinching version of things. Its bizarro world. I'm making the case for doing it properly, and the owner wants it shitty. Why hire someone experienced if you're going to ignore his advice? One local painting job, the guy told me to skip the primer on outdoor, in the rain millwork. No. Another one told me to leave the insulation out of the quote because it doesn't do anything. Bye. Best one I ever saw tho was years ago. A guy wanted me to tape and finish a wall which he had hung. When I got there I find he had used scraps of drywall, no shit some were 6", sticking out at all angles and flapping in the breeze, gaps all over the place, great globs of liquid nails everywhere and screws that go into nothing. He must have spent days putting this Satans Jigsaw Puzzle together when new sheets would have cost like $40. I told him I can't do anything with this and he gets offended and says "I thought you were a good tradesman."
Ya, I've seen some shit. Loonies. Hoarders. Drunks and drug abusers. Drug dealers who couldn't believe I didn't want meth as payment. Dog shit in the house. Cat shit in the house. Vicious dogs. Neglected dogs. :-\ The daughter subathing buck naked outside the glass door of the room I'm clearly working in. Can I loan him money so he could pay the builder so that the builder could pay me. The Chinese fat man who really, really wanted me to accept use of his whores in between the partitions I constructed instead of actual payment. Wives whose husbands are "useless." Husbands who could do it but don't have the time and is that enough screws and is it too late for an electrician to put another light in? "We're selling the place anyway so we don't want to spend anything on it." The intellectually dispossessed. The socially inept. The hygenically challenged.
The most beautiful thing about a building site is that no one lives there.
I'm only 47. Think it's too late to study hard?
-
why put yourself in the posostion of being hired if you dont like those who hire
the jokes on you brah
-
I would say so.
I'm cherry picking the freaks. Most people are fine. Most builders are fine. But when someone says they want to pay cash I lose interest. I already know they mean they want to pay jack shit and it's not like I need the extra work.
-
What kind of work do you do? Your posts on various threads regarding this subject has caught my eye. You seem to have a very deep and thorough insight on the very complex subject of monetary policy.
Generally speaking, what do you see in the future. Is all this doom and gloom and inevitable collapse valid?
Business intelligence, strategy and operations. Senior level.
In regards to the financial outlook, painful? Yes. Collapse? No.
This is global, not geographically contained. Everybody is invited to the party. That is what makes it different.
People whinge about bailouts to the banks. They are bailing out average Joe and they still whinge. For some it seems they only want collapse, destruction and death. Quite odd to lust for your own demise.
I see this digital creation as solving a velocity of money issue. Ie getting it approved in the senate and then next day payments can get to people. That makes sense to me as we are talking about keeping families in homes, fed, clothed.
Meanwhile others are freaking out about not having coins in a piggy bank or that they will have to pay tax instead of evading tax.
It's a matter of perspective......Yes, they are correct their kid will get paid via Paypal. Yes, they are correct in that incoming payments are trackable therefore making tax evasion harder. And yes, this is about velocity of money to the people as a bailout. That's also why they pay me the big bucks as i don't walk into a room and talk about mowing lawns and piggybanks.
-
I'll mow yer lawn for 3 bottles of Lagavulin and a box of Allones.
-
HERE'S WHAT NO CASH ACTUALLY MEANS:
A cashless society means no cash. Zero. It doesn’t mean mostly cashless and you can still use a ‘wee bit of cash here & there’. Cashless means fully digital, fully traceable, fully controlled. I think those who support a cashless society aren’t fully aware of what they are asking for.
A cashless society means:
* If you are struggling with your mortgage on a particular month, you can’t do an odd job to get you through.
* Your child can’t go & help the local farmer to earn a bit of summer cash.
* No more cash slipped into the hands of a child as a good luck charm or from their grandparent when going on holidays.
* No more money in birthday cards.
* No more piggy banks for your child to collect pocket money & to learn about the value of earning.
* No more cash for a rainy day fund or for that something special you have been putting $20 a week away for.
* No more little jobs on the side because your wages barely cover the bills or put food on the table.
* No more charity collections.
* No more selling bits & pieces from your home that you no longer want/need for a bit of cash in return.
* No more cash gifts from relatives or loved ones.
What a cashless society does guarantee:
* Banks have full control of every single penny you own.
* Every transaction you make is recorded.
* All your movements & actions are traceable.
* Access to your money can be blocked at the click of a button when/if banks need ‘clarification’ from you which will take about 3 weeks, a thousand questions answered & five thousand passwords.
* You will have no choice but to declare & be taxed on every dollar in your possession.
* The government WILL decide what you can & cannot purchase.
* If your transactions are deemed in any way questionable, by those who create the questions, your money will be frozen, ‘for your own good’.
Forget about cash being dirty. Stop being so easily led. Cash has been around for a very, very, very long time & it gives you control over how you trade with the world. It gives you independence.
I heard a story where a man supposedly contracted Covid because of a $20 bill he had handled. There is the same chance of Covid being on a card as being on cash. If you cannot see how utterly ridiculous this assumption is then there is little hope.
If you are a customer, pay with cash. If you are a shop owner, remove those ridiculous signs that ask people to pay by card. Cash is a legal tender, it is our right to pay with cash. Banks are making it increasingly difficult to lodge cash & that has nothing to do with a virus, nor has this ‘dirty money’ trend.
Please open your eyes. Please stop believing everything you are being told. Almost every single topic in today’s world is tainted with corruption & hidden agendas.
Please stop telling me & others like me that we are what’s wrong with the world when you hail the most corrupt members of society as your heroes. Politics & greed is what is wrong with the world; not those who are trying to alert you to the reality in which you are blindly floating along whilst being immobilised by irrational fear. Fear created to keep you doing & believing in exactly what you are complacently doing.
Agreed.
I've had my bank account frozen for several days, without any notice, no phone call, no email because they needed new FICA documents. I found out when shopping for groceries and my credit card did not work for some reason. Thankfully, I do always carry some cash.
This happened even though none of my information had changed, everything was the same, nothing had changed in my income too so no irregularities. It was just a bureaucratic issue.
Also, when travelling, good luck to those who only rely on a credit card and don't take any cash with them. If your card gets stuck in a machine or gets damaged or stolen, you are completely screwed. Of course cash can also be stolen or lost, but at least you have a back up if your card fails or is stuck/stolen/lost.
The issue with the credit card when travelling has happened to me, even though I had approved it in the bank for overseas use and specified I was travelling, it was still blocked by the bank when I tried using it in the airport.
A completely cashless society would not be a good thing, the government and governments will only have more control over you and everything you do. Your freedom will be less.
Look at China with their 'Social Credit' points system, think it will never happen in your own country.....?
-
Agreed.
I've had my bank account frozen for several days, without any notice, no phone call, no email because they needed new FICA documents. I found out when shopping for groceries and my credit card did not work for some reason. Thankfully, I do always carry some cash.
This happened even though none of my information had changed, everything was the same, nothing had changed in my income too so no irregularities. It was just a bureaucratic issue.
Also, when travelling, good luck to those who only rely on a credit card and don't take any cash with them. If your card gets stuck in a machine or gets damaged or stolen, you are completely screwed. Of course cash can also be stolen or lost, but at least you have a back up if your card fails or is stuck/stolen/lost.
The issue with the credit card when travelling has happened to me, even though I had approved it in the bank for overseas use and specified I was travelling, it was still blocked by the bank when I tried using it in the airport.
A completely cashless society would not be a good thing, the government and governments will only have more control over you and everything you do. Your freedom will be less.
Look at China with their 'Social Credit' points system, think it will never happen in your own country.....?
https://en.wikipedia.org/wiki/Social_Credit_System
-
Do you think it’s too late for gold, or would it be better to go with silver instead?
Would like to buy some PM’s, specifically gold..wondering if I should jump in before price goes up, or wait for a pull back if I do buy some.
Only suckers and speculators are buying gold and silver now and the speculator hopes to sell it to the sucker.
-
Only suckers and speculators are buying gold and silver now and the speculator hopes to sell it to the sucker.
lol
Gold and silver ARE wealth, a store of value and insurance against a failing currency (the USD) and/or financial system collapse.
You guys have to learn about this stuff. Stop being so willfully ignorant.
Silver will easily go over $100 and beyond. Gold to $5000 and beyond.
Don't forget the ammo.
-
Silver will easily go over $100 and beyond. Gold to $5000 and beyond.
Don't forget the ammo.
What's your timeline for that? The last one you used to make your point you had to work from 120 years ago.....
The current ramping is due to them being used as a temporary safe haven.
-
What's your timeline for that? The last one you used to make your point you had to work from 120 years ago.....
The current ramping is due to them being used as a temporary safe haven.
"Temporary safe haven" lol - sorry, but PMs are the ONLY safe haven.
I told before... gold beats the market when adjusted for inflation... and YES there is inflation.
Ouch! https://usdebtclock.org/ (https://usdebtclock.org/)
I know you Keynesian ivory tower types HATE real money... that's too bad. You're going to be left with nothing with USD becomes completely worthless. At least get a couple cases of ammo... if you can find any.
-
Where do you keep your gold?
In a safe deposit box? Under your bed? Buried in your backyard? In your sock drawer?
In a secure gold storage facility?
"Gold is a "Crisis Hedge" not an Inflation hedge"
https://inflationdata.com/Inflation/Inflation_Rate/Gold_Inflation.asp
-
Where do you keep your gold?
In a safe deposit box? Under your bed? Buried in your backyard? In your sock drawer?
In a secure gold storage facility?
What do you care. I have it and you don't. That's all that will matter when the USD becomes worthless. All you'll have is your ignorant pride.
-
5 Reasons Not to Invest in Gold
https://money.usnews.com/investing/articles/2018-07-10/5-reasons-not-to-invest-in-gold
"Many goldbugs cite the troubling depreciative nature of fiat paper currencies that aren't backed up by anything real. How valuable can a currency be, they say, if you can print it in unlimited supply?
Warren Buffett, the CEO of Berkshire Hathaway (tickere: BRK.A, BRK.B) and perhaps the greatest investor of all time, understands that fear. Gold investors, he says, are "right to be afraid of paper money. Their basic premise that paper money around the world is going to be worth less and less over time is absolutely correct. They have the correct basic premise. They should run from paper money."
"But where they run to is the mistake," Buffett adds.
Taking a closer look at gold's qualities as an investment, it's easy to see why the Oracle of Omaha has stuck to stocks."
-
What do you care. I have it and you don't. That's all that will matter when the USD becomes worthless. All you'll have is your ignorant pride.
I have zero interest in owning physical gold (other than jewelry bought for decorative purposes not as an investment).
I'm curious as to where you safely store your hoard of gold bricks, coins, or bars? Safely storing large quantities of gold is not simple.
Do you own actual physical gold or do you own stock in gold mining companies?
-
If it's that level of Mad Max World, your ability to harvest human flesh and maintain your warlord status despite ambitious lieutenants will be paramount.
I recommend neck training and an outfit which highlights your standout bodyparts, to project strength and authority. Sadly, I've been concentrating on glutes so I'm not going to fare too well.
-
5 Reasons Not to Invest in Gold
https://money.usnews.com/investing/articles/2018-07-10/5-reasons-not-to-invest-in-gold
"Many goldbugs cite the troubling depreciative nature of fiat paper currencies that aren't backed up by anything real. How valuable can a currency be, they say, if you can print it in unlimited supply?
Warren Buffett, the CEO of Berkshire Hathaway (tickere: BRK.A, BRK.B) and perhaps the greatest investor of all time, understands that fear. Gold investors, he says, are "right to be afraid of paper money. Their basic premise that paper money around the world is going to be worth less and less over time is absolutely correct. They have the correct basic premise. They should run from paper money."
"But where they run to is the mistake," Buffett adds.
Taking a closer look at gold's qualities as an investment, it's easy to see why the Oracle of Omaha has stuck to stocks."
Yes, a big mistake... HUGE mistake! ::)
If Buffet thinks gold is so bad why did he just buy $20 million in Barrick stock?... for the dividend? - lol Buffet was suffering some serious FOMO... that's why. He knows where gold is going... to the moon.
Funny thing is that Warren's daddy (Howard Buffet) was a huge devotee of gold.
-
If it's that level of Mad Max World, your ability to harvest human flesh and maintain your warlord status despite ambitious lieutenants will be paramount.
I've said here many times, if a Max Max scenario happens, gold won't be worth anything. Ammo will be worth everything. I have about 60K rounds now. Diversification is a good thing.
-
Yes, a big mistake... HUGE mistake! ::)
If Buffet thinks gold is so bad why did he just buy $20 million in Barrick stock?... for the dividend? - lol Buffet was suffering some serious FOMO... that's why. He knows where gold is going... to the moon.
$20 million? Did you check that?
Do you know the total assets of Berkshire Hathaway?
"Berkshire Hathaway total assets for the quarter ending June 30, 2020 were $788.133B" (That's Billion.)
https://www.macrotrends.net/stocks/charts/BRK.A/berkshire-hathaway/total-assets
You know what % of Berkshire Hathaway investments $20 million is? .0025%
Having a few gold coins in your sock drawer in case of a financial crisis is ok but as serious investment plan for your future it will fail.
You could also buy a gold chain and wear it around your neck and if the sh*t hits the fan sell off a few links. At least then you'd get some use out of the gold.
The folks that sell gold spread panic in order to sell gold. Gold Bugs. Their advertisements are common, especially in times of turbulence like now.
-
$20 million? Do you know the total assets of Berkshire Hathaway?
"Berkshire Hathaway total assets for the quarter ending June 30, 2020 were $788.133B" (That's Billion.)
https://www.macrotrends.net/stocks/charts/BRK.A/berkshire-hathaway/total-assets
You know what % of Berkshire Hathaway investments $20 million is? .0025%
I made a typo... it was 20 million SHARES.... about $560 million dollars total in Barrick shares.
You think Buffet and Munger don't own physical gold? ::) ;D
I will be fun re-visiting these threads when gold is $5000 and beyond. You like your liver with onions?
-
Having a few gold coins in your sock drawer in case of a financial crisis is ok but as serious investment plan for your future it will fail.
You could also buy a gold chain and wear it around your neck and if the sh*t hits the fan sell off a few links. At least then you'd get some use out of the gold.
The folks that sell gold spread panic in order to sell gold. Gold Bugs. Their advertisements are common, especially in times of turbulence like now.
Assuming you know me, or what I have? ::) Ppl on this board assume way too much, or in this case, too little. ;D
You'll suffer from FOMO too... just wait.
-
Buffet is also SELLING financials...
- Berkshire's JPMorgan Stake Down 62% to 22.2M Shrs
- Berkshire's Wells Fargo Stake Down 26% to 238M Shrs
- Berkshire trimmed its bet on PNC Financial and M&T Bank as well as Bank of New York Mellon Corp., Mastercard, and Visa.
- Berkshire Exits Goldman stake entirely.
What does this tell you?
-
I would say so.
I'm cherry picking the freaks. Most people are fine. Most builders are fine. But when someone says they want to pay cash I lose interest. I already know they mean they want to pay jack shit and it's not like I need the extra work.
Cherry picking the freaks? You have come to the right place.
-
Regaled many a client with Best Of The Board stories. "But wait for this. Then Muscleboi69 replied 'As epic as my assless chaps?!'"
They love it. "Hey, that's great. So you'll be all done by Thursday?"
-
I have decent savings, no debt, will be moving to different part of my province here in Canada.
I’m planning buying silver for sure, but should I wait for the price to pull back a bit before spending that much on gold, or just act now in case it starts to apprciate again? I’d hate to miss my chance and have to pay more.
Assuming you know me, or what I have? ::) Ppl on this board assume way too much, or in this case, too little. ;D
You'll suffer from FOMO too... just wait.
-
Eat shit. Kwon is one of the best posters on here. You are like a tick on the ass of the board.
and you..are but a fart in the wind
-
It's the plan of the One World government.
-
I have decent savings, no debt, will be moving to different part of my province here in Canada.
I’m planning buying silver for sure, but should I wait for the price to pull back a bit before spending that much on gold, or just act now in case it starts to apprciate again? I’d hate to miss my chance and have to pay more.
It def won't pull back on Monday. Since Uncle Warren bought more Barrick shares, Sunday night gold futures should rise substantially. Silver usually follows gold.
The bad thing about buying silver now is you'll be paying greatly increased premiums. After the entire market tanked in March due to the plandemic, silver dropped all the way down to $12. That was a tremendous gift, quite probably a once in a life time opportunity. I backed up the truck when when that happened.
-
It's the plan of the One World government.
Think about it.....it's paper! They literally print whatever they need. Billions, trillions, and now people are waking up....
Why is gold valuable? Why are diamonds valuable? Stock market?
What is a stock? All of it is controlled.
So yes, the government can print money any time they want.
-
Think about it.....it's paper! They literally print whatever they need. Billions, trillions, and now people are waking up....
So yes, the government can print money any time they want.
Very leftist thing for you to say.
-
Very leftist thing for you to say.
I don't have any political ties to anything. I'm also right handed.
-
Think about it.....it's paper! They literally print whatever they need. Billions, trillions, and now people are waking up....
Why is gold valuable? Why are diamonds valuable? Stock market?
What is a stock? All of it is controlled.
So yes, the government can print money any time they want.
Gold is rare but diamonds are artificially propped up in value.
DeBeers has vaults full of diamonds kept off the market just to create scarcity.
-
Buffet is also SELLING financials...
- Berkshire's JPMorgan Stake Down 62% to 22.2M Shrs
- Berkshire's Wells Fargo Stake Down 26% to 238M Shrs
- Berkshire trimmed its bet on PNC Financial and M&T Bank as well as Bank of New York Mellon Corp., Mastercard, and Visa.
- Berkshire Exits Goldman stake entirely.
What does this tell you?
Basically tells me Buffett realizes he made a mistake buying them in the first place.
He has made some bad moves in recent years such as his investments in airlines.
Good luck with your gold and hopes of a world in chaos.
When you show up at the supermarket with your gold be careful and watch out for people following you home.
If gold goes to $5,000/ounce will you sell? If you sell your gold what will you get in exchange for it? Paper dollars? Digital dollars?
If you hang on to your gold you will have realized no gain and at some point the gold price will crash. So no profit.
Kind of a dilemma. In the meantime your gold just sits there producing zero cash flow.
I'll stop bugging you. Sometime I just argue for the sake of arguing.
Still would be interested in where you keep your gold bars and coins... ;)
(https://wtfbabe.files.wordpress.com/2015/07/mad-max-fury-road-24-gif-feeling-driven-wtf-watch-the-film-saint-pauly.gif)
-
Basically tells me Buffett realizes he made a mistake buying them in the first place.
He has made some bad moves in recent years such as his investments in airlines.
Good luck with your gold and hopes of a world in chaos.
When you show up at the supermarket with your gold be careful and watch out for people following you home.
If gold goes to $5,000/ounce will you sell? If you sell your gold what will you get in exchange for it? Paper dollars? Digital dollars?
If you hang on to your gold you will have realized no gain and at some point the gold price will crash. So no profit.
Kind of a dilemma. In the meantime your gold just sits there producing zero cash flow.
I'll stop bugging you. Sometime I just argue for the sake of arguing.
Still would be interested in where you keep your gold bars and coins... ;)
You misunderstand me. I never "hope" for world chaos, but what we've seen so far this year was only the warm-up. The chaos/civil unrest/riots/looting will increase as the year goes on... and after November (regardless of who is POTUS) look out! PMs (and ammo) are the only tangible insurance against what is coming.
You're not bugging me at all. I actually tend to agree with most of your comments on this forum. However, in this thread you are showing ignorance of fiat currencies, monetary history and wealth cycles. It's all about timing. There is a time to own certain assets and there is a time not to own them. The time to own PMs is NOW.
-
You misunderstand me. I never "hope" for world chaos, but what we've seen so far this year was only the warm-up. The chaos/civil unrest/riots/looting will increase as the year goes on... and after November (regardless of who is POTUS) look out! PMs (and ammo) are the only tangible insurance against what is coming.
You're not bugging me at all. I actually tend to agree with most of your comments on this forum. However, in this thread you are showing ignorance of fiat currencies, monetary history and wealth cycles. It's all about timing. There is a time to own certain assets and there is a time not to own them. The time to own PMs is NOW.
Well, I can agree with that. That is speculation. You are speculating that there will be chaos and preparing in case.
Always smart to be prepared.
I can agree with that being a possibility.
Bullets are good to have.
-
Well, I can agree with that. That is speculation. You are speculating that there will be chaos and preparing in case.
Always smart to be prepared.
I can agree with that being a possibility.
Bullets are good to have.
There WILL be chaos. That is self-evident.
Do you own any stocks or other paper assets?... well you are speculating the market will keep going up.
Good luck to you.
-
There WILL be chaos. That is self-evident.
Do you own any stocks or other paper assets?... well you are speculating the market will keep going up.
Good luck to you.
Yes, I have stock investments but only index funds.
I expect the market to increase over time as it has over the last 100 years or more but also expect large, periodic market crashes and also more frequent market volatility.
I have been through 4 serious market crashes in my lifetime. Also survived threats of nuclear Armageddon in my childhood.
Numerous times has holding gold and precious metals been touted as the savior to threats of chaos. Carrying 5% of your investments in precious metals is not a bad strategy for diversification but will this be physical possession of gold? Only actual physical possession of gold would be of value in real chaos and perhaps not even then. Gold is only of value for goods if there is a willing buyer and seller. What good would gold be in true chaos? The goods are what has true value. You can't eat gold. So, you need some sort of stable government to make such exchanges possible. Otherwise, if gold has real value, someone will just take your gold by force.
So, keep lots of bullets.
-
Yes, a big mistake... HUGE mistake! ::)
If Buffet thinks gold is so bad why did he just buy $20 million in Barrick stock?... for the dividend? - lol Buffet was suffering some serious FOMO... that's why. He knows where gold is going... to the moon.
Funny thing is that Warren's daddy (Howard Buffet) was a huge devotee of gold.
He is buying it to re- sell to the same Suckers
It’s the I have it and you don’t strategy
Works on most
But you can’t eat the gold? Of use it to keep warm
And gold doesn’t fire bullets
It’s useless unless you make tech for a living
-
I can't speak for anyone else, but what I'm doing during these times is simple and has worked (for others much smarter and wealthier) over the last century.
Diversified investments with wealth distribution as follows:
30% in ETFs
30% in real estate holdings (cash flowing rental properties)
30% in cash (mostly in a HYSA online + some on hand)
10% US bonds
Everything we attempt to do now is merely speculation. These things are in fact cyclical (sometimes every 100yrs, but other times more palpable over 10yr spans) and while a perfect formula doesn't exist, others have stuck to simple ways of maintaining wealth before and after drastic economic downturns, to decent avail.
Even the best investors (Buffett etc) fail to hit the mark sometimes, but they typically stick to the time proven strategy (invest in the market, don't trade in it + diversify).
"1"
-
I’m selling all stocks
My Tesla stock went from 250 a share to now 1600 a share In less than a year
Going to pay all debts and keep the cash in a safe
Use it as needed in local stores who still accept it
Buy house in cash
And live free with no money tied up in digital securities
Maybe good rum can be my financial advisor
-
Maybe good rum can be my financial advisor
You speak of Goodrum as if he were cheap to hire. I'll have you know that his fees are much hire than the average fund manager. Unless you can afford to have your money managed within a top 3 hedge fund, the name Goodrum should not even cross your lips.
"1"
-
I’m selling all stocks
My Tesla stock went from 250 a share to now 1600 a share In less than a year
Going to pay all debts and keep the cash in a safe
Use it as needed in local stores who still accept it
Buy house in cash
And live free with no money tied up in digital securities
Maybe good rum can be my financial advisor
How many shares did you have? Good call on buying Tesla a year ago. Fucking stock market is nuts. So many overpriced companies. A crash is around the corner.
-
Buffet is also SELLING financials...
- Berkshire's JPMorgan Stake Down 62% to 22.2M Shrs
- Berkshire's Wells Fargo Stake Down 26% to 238M Shrs
- Berkshire trimmed its bet on PNC Financial and M&T Bank as well as Bank of New York Mellon Corp., Mastercard, and Visa.
- Berkshire Exits Goldman stake entirely.
What does this tell you?
What this tells you is that interest rates are too low and lending has come to a halt. So holding on to stocks that won't budge for a while is not worth it. I think BH's total portfolio consists of Apple shares that he bought at $90-150 bucks.
Let me tell you something. Buffet knew this pandemic was coming. I'll tell you why.
Back in around 2003/04 he bought Prudential Realty and renamed it to BH Realty. It became his bluechip stock for a few years. He bought this right before the housing boom and got out before the bust.
Ironically Apple has gone fucking ballistic in sales during COVID. You don't think Buffet know this was coming? Again he dumps all of his eggs into one basket and sure enough a perfect storm hits that drives Apple stock insanely high. Just like the perfect storm that ran the real estate market up before 2008. Buffet knows this shit about a year or two before anyone else does. Fucker is in on a lot of shady shit.
-
Buffett can call any CEO in the world and get info about company prospects.
We can't.
It's a game we can't play so don't try.
I buy index funds and track the market which is adequate.
-
You don't think Buffet know this was coming?
Buffet knows this shit about a year or two before anyone else does.
100% true.
Words can be used to lie, but actions speak the truth. I follow Buffett's financial moves both in the market and also by way of his philanthropic ventures (ie NoVo foundation + other companies) and he knows how to play every possible angle and typically balances both sides to the financial equation quite well.
Don't let the ice cream with the grandkids and coca cola can on hand fool any of you, the man is a genius.
Follow the trail of money and you'll likely fare very well financially if you do as they do and will ALSO understand how the American financial market works.
"1"
-
How many shares did you have? Good call on buying Tesla a year ago. Fucking stock market is nuts. So many overpriced companies. A crash is around the corner.
500 shares
Life is good
-
500 shares
Life is good
825.000 dollars. Congrats.
What else do you have in your stock portfolio?
-
Gold/silver/diamonds will all be useless if shit hits the fan. Food/water/toilet paper/life essentials is what people will kill for.
-
825.000 dollars. Congrats.
What else do you have in your stock portfolio?
Erickson
Moderna
Nio
Llli less Leathal
Axon body cams
Nikola
Yes and of course Tesla the short sellers failed to keep me from buying more and more
100 k investment turned into 800 k
Hello porche 992 carrera !!
-
Gold/silver/diamonds will all be useless if shit hits the fan. Food/water/toilet paper/life essentials is what people will kill for.
Let me add sex, alcohol, drugs, entertainment and religions to the list of what people will kill for.
"1"
-
Erickson
Moderna
Nio
Llli less Leathal
Axon body cams
Nikola
Yes and of course Tesla the short sellers failed to keep me from buying more and more
100 k investment turned into 800 k
Hello porche 992 carrera !!
Nice haul man but save your money on overpriced sports cars. Waste of cash.
-
Let me add to that list sex, alcohol, drugs, entertainment and religions to the list of what people will kill for.
"1"
Yeah, I forgot to mention quality liquor if you have the storage. I'm well stocked on 100 proof bottled in bond whiskeys. ;D
-
I’m selling all stocks
My Tesla stock went from 250 a share to now 1600 a share In less than a year
Going to pay all debts and keep the cash in a safe
Use it as needed in local stores who still accept it
Buy house in cash
And live free with no money tied up in digital securities
Maybe good rum can be my financial advisor
Plenty of people on here will be saying you're missing out on future gains. ::)
When you have the cash in your hand and it's enough to unplug for 10+ years - that is a great feeling.
-
Gold/silver/diamonds will all be useless if shit hits the fan. Food/water/toilet paper/life essentials is what people will kill for.
8)
-
Plenty of people on here will be saying you're missing out on future gains. ::)
When you have the cash in your hand and it's enough to unplug for 10+ years - that is a great feeling.
But how much will that cash be devalued over those 10+ years? Will the USD even survive that long? The days of having $1,000,000 in the bank and living off the interest are long gone. This is why you can only stay in cash for so long. You eventually have to buy something tangible that holds it's value. Wait until the hyperinflation hits. By what I'm reading here, most of you are totally unprepared for that. You better have physical gold, silver and/or ammo.
-
Let me add sex, alcohol, drugs, entertainment and religions to the list of what people will kill for.
"1"
Alcohol is a good thing to have. I have a few cases of the JD mini bottles.
Cigs also, but they can stale quickly. Best to vacuum seal and freeze them if possible.
-
Alcohol is a good thing to have. I have a few cases of the JD mini bottles.
Cigs also, but they can stale quickly. Best to vacuum seal and freeze them if possible.
The things I mentioned are valuable during times of Despair for obvious reasons.
If you are happy, what better way to celebrate than to have sex? If you are sad, what better way to forget about your troubles than with sex?
You can replace "sex" with the aforementioned "alcohol, drugs and entertainment" and they would work in an equally effective manner.
The last one, religion, is a very strange one, but certainly a much needed one. For instance, if you are happy in times of despair, many find much resolve in blaming the reason for your happiness to some religious entity. Conversely, if you are sad during times of obvious despair, religion does tend to serve as a source of hope during times were many others would give up.
These are all really different forms of distractions that can take your mind away from harsh realities.
"1"
-
The things I mentioned are valuable during times of Despair for obvious reasons.
If you are happy, what better way to celebrate than to have sex? If you are sad, what better way to forget about your troubles than with sex?
You can replace "sex" with the aforementioned "alcohol, drugs and entertainment" and they would work in an equally effective manner.
The last one, religion, is a very strange one, but certainly a much needed one. For instance, if you are happy in times of despair, many find much resolve in blaming the reason for your happiness to some religious entity. Conversely, if you are sad during times of obvious despair, religion does tend to serve as a source of hope during times were many others would give up.
These are all really different forms of distractions that can take your mind away from harsh realities.
"1"
If something very serious happened that changed life and the world forever (i.e. a nuke war, a real plaque, zombie apocalypse, etc) there would have to be a period of normality before ppl starting to have regular sex again. Younger gay men would probably bounce back faster than most of us heteros... no joke here.
-
Nail in the coffin for old people for sure, my generation doesn't like it, and the older generation definitely doesn't.
Last week i saw an old lady (maybe 10 years older than me) having trouble at the Supermarket.
She didn't understand how to pay with a card and the employees didn't help either (all arabs).
She had to scream "HELP ME! I NEED HELP!".
Bro...
-
I’m selling all stocks
My Tesla stock went from 250 a share to now 1600 a share In less than a year
Going to pay all debts and keep the cash in a safe
Use it as needed in local stores who still accept it
Buy house in cash
And live free with no money tied up in digital securities
Maybe good rum can be my financial advisor
(https://lh3.googleusercontent.com/proxy/TLWmq8kVPivfUfxQF3240JPHmhuuLxQVAFl29eKDipSEI7Ynwt98jVd1Wr8ZtbqufvFvbpH6uu_-WlCu08x4JVQyc5msD__s5LRKUgaz2yUn5rNDzh-PFZMmP2nfeU3e7AuJlfynLsv-CZ74zW4tWly55RQYcnyuyrQ)
-
Plenty of people on here will be saying you're missing out on future gains. ::)
When you have the cash in your hand and it's enough to unplug for 10+ years - that is a great feeling.
Well plenty of people don’t live 120 years either
So I’ll take my future now thanks
-
(https://lh3.googleusercontent.com/proxy/TLWmq8kVPivfUfxQF3240JPHmhuuLxQVAFl29eKDipSEI7Ynwt98jVd1Wr8ZtbqufvFvbpH6uu_-WlCu08x4JVQyc5msD__s5LRKUgaz2yUn5rNDzh-PFZMmP2nfeU3e7AuJlfynLsv-CZ74zW4tWly55RQYcnyuyrQ)
Is this guy really that clueless ?
He doesn’t even know what we are talking about I bet ?
-
"Temporary safe haven" lol - sorry, but PMs are the ONLY safe haven.
Apology accepted but you are not correct. I said in April i was going into crypto over metals because the possibility for far larger gains was worth the risk over the safety of gold. Your gold is up 12%, my crypto is up 60%, my hedge is outperforming yours so no, gold is not the only safe haven.
The irony of your position is you argue like hell against me when there really is no need.
Here it is again for you. You are buying gold as a hedge. Currency is printed and the inflation from that makes your gold worth more. Your debt is valued the same as it was at the time you borrowed and does not inflate, it devalues. You value your gold in currency and brag it is going up in value making you more wealthy. The very act of printing currency is therefore making you more wealthy as it raises asset prices. The trick is to hedge better so you come out ahead of what it is you want to buy.
Without currency printing your gold value doesn't budge. Are you understanding this better now and agree with me?
They fucked up life as we know it by switching to debt mechanics and usi g that to expand the money supply and hide consumer inflation. My hope is they pull the debt availability way back, let our kids have a chance.
-
Oh ya. I do drywall, paint, and plaster but don't do much work in the country town I live in. The onion skin layers of botchery I see locally are the result of Cousin Billy and his work for beer policy.
I just tell people I'm a real tradesman who delivers real work for real money. Got a string of builders lining up jobs for me for the next 4 months so I don't find homeowners who want a cash discount worthwhile.
It's nothing but a red flag. They're going to direct you to do the schlockiest pennypinching version of things. Its bizarro world. I'm making the case for doing it properly, and the owner wants it shitty. Why hire someone experienced if you're going to ignore his advice? One local painting job, the guy told me to skip the primer on outdoor, in the rain millwork. No. Another one told me to leave the insulation out of the quote because it doesn't do anything. Bye. Best one I ever saw tho was years ago. A guy wanted me to tape and finish a wall which he had hung. When I got there I find he had used scraps of drywall, no shit some were 6", sticking out at all angles and flapping in the breeze, gaps all over the place, great globs of liquid nails everywhere and screws that go into nothing. He must have spent days putting this Satans Jigsaw Puzzle together when new sheets would have cost like $40. I told him I can't do anything with this and he gets offended and says "I thought you were a good tradesman."
Ya, I've seen some shit. Loonies. Hoarders. Drunks and drug abusers. Drug dealers who couldn't believe I didn't want meth as payment. Dog shit in the house. Cat shit in the house. Vicious dogs. Neglected dogs. :-\ The daughter subathing buck naked outside the glass door of the room I'm clearly working in. Can I loan him money so he could pay the builder so that the builder could pay me. The Chinese fat man who really, really wanted me to accept use of his whores in between the partitions I constructed instead of actual payment. Wives whose husbands are "useless." Husbands who could do it but don't have the time and is that enough screws and is it too late for an electrician to put another light in? "We're selling the place anyway so we don't want to spend anything on it." The intellectually dispossessed. The socially inept. The hygenically challenged.
The most beautiful thing about a building site is that no one lives there.
I'm only 47. Think it's too late to study hard?
I've heard that there is the occasional jogger, though.
-
Gold/silver/diamonds will all be useless if shit hits the fan. Food/water/toilet paper/life essentials is what people will kill for.
Lead and brass are the only metals you’ll need. And don’t trade them, just spend them.
-
Is this guy really that clueless ?
He doesn’t even know what we are talking about I bet ?
You're an ass-hat. And a fucking moron.
-
Apology accepted but you are not correct. I said in April i was going into crypto over metals because the possibility for far larger gains was worth the risk over the safety of gold. Your gold is up 12%, my crypto is up 60%, my hedge is outperforming yours so no, gold is not the only safe haven.
The irony of your position is you argue like hell against me when there really is no need.
Here it is again for you. You are buying gold as a hedge. Currency is printed and the inflation from that makes your gold worth more. Your debt is valued the same as it was at the time you borrowed and does not inflate, it devalues. You value your gold in currency and brag it is going up in value making you more wealthy. The very act of printing currency is therefore making you more wealthy as it raises asset prices. The trick is to hedge better so you come out ahead of what it is you want to buy.
Without currency printing your gold value doesn't budge. Are you understanding this better now and agree with me? PMs are the O
They fucked up life as we know it by switching to debt mechanics and usi g that to expand the money supply and hide consumer inflation. My hope is they pull the debt availability way back, let our kids have a chance.
I made no apology. Now you're sounding like a sociopath.
Regardless of what you think or post here... physical PMs are the ONLY tangible safe haven without any of the counterparty risks. I do not brag, I simply state facts. You want to call PMs a hedge... fine. My hedge is working very well. Which is the main point. You've been arguing against that for the last 3-4 pages.
Notice what I bolded. The inflation created by this is making ppl poor, especially the ones who do not have PMs, market exposure or a 401k. I already explained this earlier in this thread.
Blipcoins are digital vaporware. Electrons floating in cyberspace. Not tangible. Just a trading instrument. The stock market is basically the same thing. The power goes off, internet goes down, bye bye blipcoins.
-
You want to call PMs a hedge... fine. My hedge is working very well. Which is the main point. You've been arguing against that for the last 3-4 pages.
Blipcoins are digital vaporware. Electrons floating in cyberspace. Not tangible. Just a trading instrument. The power goes off, internet goes down, good luck.
Huh? So you are saying metals aren't a hedge for you personally despite you valuing them in currency in order to measure their worth? Now you sound really confused.
Using metals is a hedge, i haven't said otherwise. Merely that my hedge is outperforming yours, quadruple yours in this short period. Crypto is black market and speculation. It might become a hedge in the coming decade and that is what i am taking the risk on. Gold will do well, i said that before and you agree with me (clearly) so lets put that aside as i told you i played with silver in 2011. I'm not against metals at all.
You sound like a prepper. That's fine, but be more open about it and say you are planning to the total collapse of society and laws, apparently you think we will have no electricity and no internet. That's pretty far out there dude.
Meanwhile i am planning for a very tough property market which is what will bury 90% of average people, followed by currency devaluation, monetisation of debt and reflation.
Now, what are the odds of your scenario vs mine?
-
you are planning to the total collapse of society and laws, apparently you think we will have no electricity and no internet. That's pretty far out there dude.
Not as far as you might think.
-
Anabolic + Mayday,
What difference does the actual vehicles you both use to hedge your risks are? The important point is that you are BOTH hedging your risk with some vehicle to reduce the financial repercussion of a tanking currency and economy. Whether either of your chosen vehicles prove viable is anyone's guess.
At least you are both trying to soften the potential blow of the likely economic crash we will have. That's 100% better than those that fail to diversify their wealth and instead sit there paycheck to paycheck living by way of their hopes and dreams.
Don't you both agree? Potato vs Potatoe here..
"1"
-
Huh? So you are saying metals aren't a hedge for you personally despite you valuing them in currency in order to measure their worth? Now you sound really confused.
Using metals is a hedge, i haven't said otherwise. Merely that my hedge is outperforming yours, quadruple yours in this short period. Crypto is black market and speculation. It might become a hedge in the coming decade and that is what i am taking the risk on. Gold will do well, i said that before and you agree with me (clearly) so lets put that aside as i told you i played with silver in 2011. I'm not against metals at all.
You sound like a prepper. That's fine, but be more open about it and say you are planning to the total collapse of society and laws, apparently you think we will have no electricity and no internet. That's pretty far out there dude.
Meanwhile i am planning for a very tough property market which is what will bury 90% of average people, followed by currency devaluation, monetisation of debt and reflation.
Now, what are the odds of your scenario vs mine?
...
...
...
-
You're an ass-hat. And a fucking moron.
is that why im well off and your broke?
and nameless and faceless on top of it
your opinion is nothing. and now on ignore
-
Anabolic + Mayday,
Don't you both agree? Potato vs Potatoe
To hedge, yes.
How processes work, no, but he is closer than he realises.
I see he edited his response so i will park it aswell and not destroy a thread. Other posters can view our responses to each other and make up their mind. Apologies if we were both muddying this thread.
-
To hedge, yes.
How processes work, no, but he is closer than he realises.
I see he edited his response so i will park it aswell and not destroy a thread. Other posters can view our responses to each other and make up their mind. Apologies if we were both muddying this thread.
no one needs a synopsis of your thinkiong process
you dpnt realize you do it?
no doomsday thread here
just was curious who knew what i had came across
easy for you to sum things up, after its far been over
-
In China they could implement digital-only money overnight if they wanted to.
Why have they not done so in this totalitarian state?
-
In China they could implement digital-only money overnight if they wanted to.
Why have they not done so in this totalitarian state?
timing - the world will change over... as one.
-
To hedge, yes.
How processes work, no, but he is closer than he realises.
I see he edited his response so i will park it aswell and not destroy a thread. Other posters can view our responses to each other and make up their mind. Apologies if we were both muddying this thread.
No edits here, it's just you talking to yourself. You're can't change my mind or way of thinking about any of this because I already figured it all out many years ago. History proves me correct. All you do is parrot the same bullshit everyone hears on MSM financial programs... totally useless. Gib gimmick (?).
-
You're an ass-hat. And a fucking moron.
And this is the image that comes to mind on everyone on this board every time you post.
(https://images-cdn.9gag.com/photo/adLzQxM_700b.jpg)
-
is that why im well off and your broke?
and nameless and faceless on top of it
your opinion is nothing. and now on ignore
How to put someone on ignore?
-
How to put someone on ignore?
Google for answer.
-
If Buffet thinks gold is so bad why did he just buy $20 million in Barrick stock?... for the dividend? - lol Buffet was suffering some serious FOMO... that's why. He knows where gold is going... to the moon.
Funny thing is that Warren's daddy (Howard Buffet) was a huge devotee of gold.
Just to play devil's advocate for a second here, Buffett could be taking part in a rich man's version of a pump and dump.
Whereby rumors would suffice to inflate a price in the speculative market (albeit illegal), when you're as rich as Buffett you don't need to create false rumors to inflate prices. Buffett can literally just engineer it himself by buying the stocks out, creating price increases and artificial demand by having lemmings wanting to follow the leader and then unload when the profit margins are in by way of substantial price increases and ROI that he can cash out in under a year BUT still fare well after harsh taxes given the kind of volume he moves. There's a bunch of doom and gloomers waiting to trail behind any of Buffett's moves, as they feel he is on the inside AND Buffett knows damn well that he commands such a following.
Not a trader, but take a lonely accountant's thought on this as possibility. Still, no argument that a small position in gold might not hurt to diversify and I mean small.
"1"
-
But how much will that cash be devalued over those 10+ years? Will the USD even survive that long? The days of having $1,000,000 in the bank and living off the interest are long gone. This is why you can only stay in cash for so long. You eventually have to buy something tangible that holds it's value. Wait until the hyperinflation hits. By what I'm reading here, most of you are totally unprepared for that. You better have physical gold, silver and/or ammo.
My post earlier in the thread covers that. Yes, you have to offset the devaluation by turning some money here and there. If you get away from a 9-5 and have some reserves you can find that kind of money just flipping a few cars or a cheap house. It really has a lot to do with your spending habits/outgo as well. If you live where you want to live and it's paid for that is half the battle.
Most people spend their whole lives trying to achieve a higher level of comfort or status but usually they just go into debt and still end up a wannabe. To really up your lifestyle appreciably you have to make 10x what you currently do...to start. Took me a long time to realize that.
-
My post earlier in the thread covers that. Yes, you have to offset the devaluation by turning some money here and there. If you get away from a 9-5 and have some reserves you can find that kind of money just flipping a few cars or a cheap house. It really has a lot to do with your spending habits/outgo as well. If you live where you want to live and it's paid for that is half the battle.
Most people spend their whole lives trying to achieve a higher level of comfort or status but usually they just go into debt and still end up a wannabe. To really up your lifestyle appreciably you have to make 10x what you currently do...to start. Took me a long time to realize that.
10X. You must be a Grant Cardone fan. ;D