>>60939525
The chairman of the federal reserve said it himself that the system depends on being able to steal your value. The banks can probably play games and kick the can for a long time if they have international cooperation to ease the pain. Even though our contributions to the economy may seem small, the banks can't play their games if we don't participate. Some of our contributions are compulsory such as social security, and much of it comes under threat from the healthcare system. But the rest we are willingly buying in. Stocks, 401ks etc are all opportunities for them to recycle their toxic IOUs. Remember, Wallstreet can't just be the only players. The economy doesn't work if it is just Blackrock. We are the fuel that they eat. And by buying silver we are effectively "drawing down" against the ponzi scheme. They lose the momentum they need to keep the grift going. And they don't actually magically demand that silver is $20-40. Once enough of the plebs starts walking away they will be FORCED to throw the ponzi in the trash. Because the system allows them to CONSUME your time and labor and capital. Once you start taking it off the table and stop participating they no longer have the momentum. Once the paper-ponzi runs out of steam they'll go into musical chairs mode and wait a generation to start the next debt-fueled mania in the East. (Hopefully the Chinese are smart enough to not allow the tribe to get a foothold)
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>>60896901
I've been doing this a long time so I can be concise when I want to be.
Part of making these statements of fact is actually to give a prompt for to brainstorm a counter thesis but also invite the opposition to refute it. They really don't have much to say other than to make red herrings about another assets' price action. PMG is never refuted which is really what I want to hear.
I've been doing this a long time so I can be concise when I want to be.
Part of making these statements of fact is actually to give a prompt for to brainstorm a counter thesis but also invite the opposition to refute it. They really don't have much to say other than to make red herrings about another assets' price action. PMG is never refuted which is really what I want to hear.
>>513921089
Doesn't seem to really work anymore unless you have no family ties and if you're willing to become "homeless" while having income that can't be garnished. If you're really slick see if you can get a six figure loan and fuck off to another country.
Unfortunately banks/credit companies have caught on in recent years and debt maxing is super fucking risky as they almost certainly will sue and courts will pull your bank records.
Doesn't seem to really work anymore unless you have no family ties and if you're willing to become "homeless" while having income that can't be garnished. If you're really slick see if you can get a six figure loan and fuck off to another country.
Unfortunately banks/credit companies have caught on in recent years and debt maxing is super fucking risky as they almost certainly will sue and courts will pull your bank records.
>>60826231
It is 100% true. The banking system is highly leveraged and they are extremely risky places to keep your money. Alan Greenspan says it best, they can give you dollars but they can't guarantee their purchasing power.
You avoid the fiat fallout by keep real-world value and not relying on a bankrupt government, bankrupt insurance industry, bankrupt Wallstreet to make good on your investments. Half of any value owed to you literally has to be paid for by your TAXES. The banks are standing only because you pay TAXES. On its face the notion these things have any value is ludicrous. They are a ticking timebomb and you avoid the fiat fallout by buying physical value capital assets. Even blue chip stocks are pennies on the dollar of assets. It's all going to turn to dust once the bond market solvency issue comes to a head.
It is 100% true. The banking system is highly leveraged and they are extremely risky places to keep your money. Alan Greenspan says it best, they can give you dollars but they can't guarantee their purchasing power.
You avoid the fiat fallout by keep real-world value and not relying on a bankrupt government, bankrupt insurance industry, bankrupt Wallstreet to make good on your investments. Half of any value owed to you literally has to be paid for by your TAXES. The banks are standing only because you pay TAXES. On its face the notion these things have any value is ludicrous. They are a ticking timebomb and you avoid the fiat fallout by buying physical value capital assets. Even blue chip stocks are pennies on the dollar of assets. It's all going to turn to dust once the bond market solvency issue comes to a head.
>>60727829
They're not broke because they can revalue gold. That necessarily means they do so by devaluing the dollar.
Historically speaking, when gold was revalued back in 1933 fro $20.67 to $35 (a 69% loss in purchasing power) - Even owning gold-backed cash was not enough to save you. It was those who owned the physical metal that avoided a massive loss of purchasing power.
This event is precisely what will happen again. The government already loses $1TN per year in interest alone, and all of the borrowing we did is on the shorter end of the curve. So almost all of the debt is being refinanced at higher rates. Meaning that we are not even all that far off from 100% of all government tax receipts being paid out in interest alone. Without a single dollar left over to pay for anything else. The only way they can kick the can is rapid and drastic dollar dilution. That dollar dilution will also come with extreme austerity as well as higher taxes. Easy and free money days are over.
They're not broke because they can revalue gold. That necessarily means they do so by devaluing the dollar.
Historically speaking, when gold was revalued back in 1933 fro $20.67 to $35 (a 69% loss in purchasing power) - Even owning gold-backed cash was not enough to save you. It was those who owned the physical metal that avoided a massive loss of purchasing power.
This event is precisely what will happen again. The government already loses $1TN per year in interest alone, and all of the borrowing we did is on the shorter end of the curve. So almost all of the debt is being refinanced at higher rates. Meaning that we are not even all that far off from 100% of all government tax receipts being paid out in interest alone. Without a single dollar left over to pay for anything else. The only way they can kick the can is rapid and drastic dollar dilution. That dollar dilution will also come with extreme austerity as well as higher taxes. Easy and free money days are over.
>>60675428
My exit strategy is to wait for some sort of terrible conclusion to the bond market, dollar, and the federal budget. If the price spikes and there is no discernible change or acknowledgement to the political landscape then I won't sell.
Ideally, this is exactly why I hold on to mining stocks in the event they can start paying dividends to give myself a buffer from needing to sell physical.
I think it is axiomatic, the bond market and the banking system in general is a pyramid scheme and there is a resource shortage. It represents material economic losses. It's going to be like eating a turd sandwich. We can't leave the room until we all collectively eat it all. The elite and the banks want YOU to eat as much as they can coax you in to eating. So until you see some sort of catastrophic reckoning to the bond market, value of the dollar, and the budget deficit then just keep your head down and keep stacking.
Remember, Weimar Germany had a period where people were all happily selling their gold and jewelry thinking they timed a top only to find their cash worth nothing more than the heat it gave you from being burned. I bet $1000 silver will look pretty tempting. Hell, I would even sell a few ounces myself, but I will still be looking for resolution in the stated above.
My exit strategy is to wait for some sort of terrible conclusion to the bond market, dollar, and the federal budget. If the price spikes and there is no discernible change or acknowledgement to the political landscape then I won't sell.
Ideally, this is exactly why I hold on to mining stocks in the event they can start paying dividends to give myself a buffer from needing to sell physical.
I think it is axiomatic, the bond market and the banking system in general is a pyramid scheme and there is a resource shortage. It represents material economic losses. It's going to be like eating a turd sandwich. We can't leave the room until we all collectively eat it all. The elite and the banks want YOU to eat as much as they can coax you in to eating. So until you see some sort of catastrophic reckoning to the bond market, value of the dollar, and the budget deficit then just keep your head down and keep stacking.
Remember, Weimar Germany had a period where people were all happily selling their gold and jewelry thinking they timed a top only to find their cash worth nothing more than the heat it gave you from being burned. I bet $1000 silver will look pretty tempting. Hell, I would even sell a few ounces myself, but I will still be looking for resolution in the stated above.