Rick I have been hearing this forever. I think you're right, but I have severely underestimated not only the can kickers, but the stupidity of the general public.
It is not necessarily the silver. It is that silver can hold value to buy food, pay for other goods and services. Silver has done this in the past, and hopefully will be able to hold value in the future.
Probably be better off not buying anything and providing for yourself as much as possible. Even if you only spent 1oz a day thats 365 oz a year. Who knows what 1 coin will buy
At first you will barter with it. Later, when food is scarce - food and water will be the new silver.
So, while you still can - buy up all the 4 lb. bags of flour you can and put in ziplocs/deepfreeze. This flour will be very valuable. Even w/o refrigeration - flour keeps a year to 1 1/2 in a ziploc. I used to bake a lot.
My only fear is the confiscation of it, and how would we be able to exchange as in money, and wouldn't the FEDS have spies always on the lookout for people trading goods?
"ALL TRANSACTIONS STOP" I think this might be a good time to deep dive into exactly what that means to the masses and how long that might last? seriously, because that in my opinion is instant SHTF situation. If so then how much money to make is the last thing on any priority list. If you are going to be warning of (See above) I hope that people are truly understanding what that really means to our society as a whole. Yes I have prepared - Food, Water, Guns, Cash, Gold, Silver - But when I hear " All transactions stop" I'm thinking something far worse than I think most people can deal with mentally. I prey I'm overthinking the situation unfolding while I'm overstocking my SHTF bunker. I can see your channel going from a financial perspective to a survival viewpoint quickly if "All transactions stop" and the stock market and all trading accounts are frozen. Like the 9/11 days but far worse.
Given that, the S&P 500 is down today. The new round of coke... Sorry QE, isn't having the same effect as the last shot of it... If it even stopped!? Just like a drug, the user needs to take more and more to get a lesser result than the previous one. Until the users system or market can not handle the amount of QE and crashes. . . By holding steady or slightly dipping after an initial pump, I believe that we are at this point.
The economy or system is dying due to the inflation pressures. Alongside the crisis marketing going on. Markets are businesses and business needs certainty that rapidly declines with each crisis. Crisis based economics die, period. The 'clever' central planners are too far into the trees with MMT to see this simple truth.
Best investment for everyone is to get prepared with food, shelter and security.
Yes, sometimes when I send a comment it won't show up immediately, but usually shows up in 5 minutes or so and after I either refresh the page or log out, then log back in.
Michael Burry tweet today, "This supply glut at retail is the Bullwhip Effect. Google it. Worth understanding for your investing endeavors. Deflationary pulses from this- -> disinflation in CPI later this year --> Fed reverses itself on rates and QT --> Cycles."
Scan the charts... look for the giant GRU bat pattern... repeat. Major completion to the bat wing inbound on all major indexes! The bot is running the show... I named in Morpheus, but really I think his proper name is ......... ALADDIN.
Thanks to you Greg I’m getting the BIG picture here. I learn a lot from you and for that I’m grateful.
With workers who can’t afford to rent or buy a house or buy food or fuel because it’s all too high and out of touch with realty then the situation is already very problematic and will affect everyone one way or another. The great resignation is happening.
Workers can’t afford to pay $ 2,000.00 per month to rent which requires the renter to earn 72,000 annually in order to qualify to rent. I’m seeing more people under more bridges.
I can understand the problem with the Fed causing inflation by printing money and buying back the 10 Treasury Yield to keep rates down. Buying back the debt gives investors a false sense of confidence in the market, which entices them to pump up the stock market.
But, I read this paragraph 15 times or more, and I don't get it:
"Today global debt continues to surge higher, and it cannot ever stop, it is the way in which the system is designed to work... it’s a debt-based system. Moreover, despite this, there is not enough debt to allow the system to function- without continually and exponentially expanding the debt, the system immediately becomes illiquid. Once the system becomes illiquid, ALL TRANSACTIONS STOP."
I do not understand WHY you say there is not enough debt to allow the system to function.
I know that I wasn't present at the Genesis of the discussion, but I really want to understand what's going on. Thank you
<<<I do not understand WHY you say there is not enough debt to allow the system to function>>>
There is not enough debt to allow the system to function because at some point America will need $30 TRILLION DOLLARS to function for one year. America will spend that money and The FED will get an I.O.U. in the form of treasury bonds. America will be fat and happy spending $30 TRILLION DOLLARS and the FED will be holding worthless bonds. Why will the bonds be worthless? Because America will never be able to pay off the principal on that debt, let alone even make an interest payment at that high level of debt. So at some point the FED will cut its losses and pop the debt market bubble by refusing to buy any more debt. Once that happens, the ensuing SELLOFF will be BIBLICAL!
Eeeeeeeeeeheheheheheeeeee 😈😂😹🤣😀😆🤣🤣😁🤣😂😁😆😁😃👏😈👍
Addendum: there is going to be a point when America will have to make a interest payment that she can't pay. At that point she will default on the loans and all hell will break loose. Personally, I think The FED will crash the debt market way before that point.
Great article for the Trends Journal. If the FED does not do this, the global system implodes. There is also a possibility of a Global Bank Run. China is blocking customers from getting money from their banks. After listening to you, I know this economy is so rigged. When money is backed by nothing of value but the faith in the Federal Government, we are screwed!
Very nice article, thanks for letting us read it. It just seems that part of the reason that this game keeps going on is because of their addiction to it. I think they just can't stop it despite the fact they know they will have to in order to bring about the next step.
I remember reading a story about a guy in Russia that had tons of gold. To keep the gold he learned how to make the gold bars into gold rings and said he was a jeweler. he was also able to hide the gold rings and when Soviet Union fell he was able to use those gold rings to help people leave or hide from "bad people". reading this I keep thinking everyone should learn a trade and find a good way to hide your money. Under your bed is a bad idea.
Just think how much silver is going to be worth when people realize the USD is crap.
Rick I have been hearing this forever. I think you're right, but I have severely underestimated not only the can kickers, but the stupidity of the general public.
I Agree, but I would rather be safe to sorry I did not protect you family wealth
How much?
Because you can do what, precisely, with a pile of silver in a collapsed society?
It is not necessarily the silver. It is that silver can hold value to buy food, pay for other goods and services. Silver has done this in the past, and hopefully will be able to hold value in the future.
Probably be better off not buying anything and providing for yourself as much as possible. Even if you only spent 1oz a day thats 365 oz a year. Who knows what 1 coin will buy
At first you will barter with it. Later, when food is scarce - food and water will be the new silver.
So, while you still can - buy up all the 4 lb. bags of flour you can and put in ziplocs/deepfreeze. This flour will be very valuable. Even w/o refrigeration - flour keeps a year to 1 1/2 in a ziploc. I used to bake a lot.
5 gallon buckets w/oxygen absorbers seem much more secure to me.
LOTS!
My only fear is the confiscation of it, and how would we be able to exchange as in money, and wouldn't the FEDS have spies always on the lookout for people trading goods?
"ALL TRANSACTIONS STOP" I think this might be a good time to deep dive into exactly what that means to the masses and how long that might last? seriously, because that in my opinion is instant SHTF situation. If so then how much money to make is the last thing on any priority list. If you are going to be warning of (See above) I hope that people are truly understanding what that really means to our society as a whole. Yes I have prepared - Food, Water, Guns, Cash, Gold, Silver - But when I hear " All transactions stop" I'm thinking something far worse than I think most people can deal with mentally. I prey I'm overthinking the situation unfolding while I'm overstocking my SHTF bunker. I can see your channel going from a financial perspective to a survival viewpoint quickly if "All transactions stop" and the stock market and all trading accounts are frozen. Like the 9/11 days but far worse.
Given that, the S&P 500 is down today. The new round of coke... Sorry QE, isn't having the same effect as the last shot of it... If it even stopped!? Just like a drug, the user needs to take more and more to get a lesser result than the previous one. Until the users system or market can not handle the amount of QE and crashes. . . By holding steady or slightly dipping after an initial pump, I believe that we are at this point.
The economy or system is dying due to the inflation pressures. Alongside the crisis marketing going on. Markets are businesses and business needs certainty that rapidly declines with each crisis. Crisis based economics die, period. The 'clever' central planners are too far into the trees with MMT to see this simple truth.
Best investment for everyone is to get prepared with food, shelter and security.
Yes, sometimes when I send a comment it won't show up immediately, but usually shows up in 5 minutes or so and after I either refresh the page or log out, then log back in.
Bitcoin is still technically in a downtrend.
Bitcoin Daily Chart:
https://www.tradingview.com/x/Z6dRtPlW/
Wyckoff re-distribution to be precise. :)
Michael Burry tweet today, "This supply glut at retail is the Bullwhip Effect. Google it. Worth understanding for your investing endeavors. Deflationary pulses from this- -> disinflation in CPI later this year --> Fed reverses itself on rates and QT --> Cycles."
What supply glut is Burry referring to? I just returned from Walmart and noticed that numerous items are “out of stock”.
When I go to Walmart they are always out of beans and rice. I wonder why?
PREPPING! lol
Who the fuck wants B&R from Walmart? lol
https://i.imgflip.com/xlhd3.jpg
That's Wally Walmart! Lol
Batman 🦇
Scan the charts... look for the giant GRU bat pattern... repeat. Major completion to the bat wing inbound on all major indexes! The bot is running the show... I named in Morpheus, but really I think his proper name is ......... ALADDIN.
Bat patterns are a little bit out of my league, but if you got some GOOD materials on it where I can learn it send me the links. 😃
be patient, it's on the way.
Thanks to you Greg I’m getting the BIG picture here. I learn a lot from you and for that I’m grateful.
With workers who can’t afford to rent or buy a house or buy food or fuel because it’s all too high and out of touch with realty then the situation is already very problematic and will affect everyone one way or another. The great resignation is happening.
Workers can’t afford to pay $ 2,000.00 per month to rent which requires the renter to earn 72,000 annually in order to qualify to rent. I’m seeing more people under more bridges.
I can understand the problem with the Fed causing inflation by printing money and buying back the 10 Treasury Yield to keep rates down. Buying back the debt gives investors a false sense of confidence in the market, which entices them to pump up the stock market.
But, I read this paragraph 15 times or more, and I don't get it:
"Today global debt continues to surge higher, and it cannot ever stop, it is the way in which the system is designed to work... it’s a debt-based system. Moreover, despite this, there is not enough debt to allow the system to function- without continually and exponentially expanding the debt, the system immediately becomes illiquid. Once the system becomes illiquid, ALL TRANSACTIONS STOP."
I do not understand WHY you say there is not enough debt to allow the system to function.
I know that I wasn't present at the Genesis of the discussion, but I really want to understand what's going on. Thank you
<<<I do not understand WHY you say there is not enough debt to allow the system to function>>>
There is not enough debt to allow the system to function because at some point America will need $30 TRILLION DOLLARS to function for one year. America will spend that money and The FED will get an I.O.U. in the form of treasury bonds. America will be fat and happy spending $30 TRILLION DOLLARS and the FED will be holding worthless bonds. Why will the bonds be worthless? Because America will never be able to pay off the principal on that debt, let alone even make an interest payment at that high level of debt. So at some point the FED will cut its losses and pop the debt market bubble by refusing to buy any more debt. Once that happens, the ensuing SELLOFF will be BIBLICAL!
Eeeeeeeeeeheheheheheeeeee 😈😂😹🤣😀😆🤣🤣😁🤣😂😁😆😁😃👏😈👍
Addendum: there is going to be a point when America will have to make a interest payment that she can't pay. At that point she will default on the loans and all hell will break loose. Personally, I think The FED will crash the debt market way before that point.
Give me a million dollar credit limit I will help
I don't know why anyone would keep playing their rigged markets. I sold ally crypto today.
I am going back to gambling on the casinos and play the lotteries.
I hate people who lie cheat and steal. That's all the Federal Reserve Bank does
I don't know why anyone would keep playing their rigged markets. I sold ally crypto today.
I am going back to gambling on the casinos and play the lotteries.
I hate people who lie cheat and steal. That's all the Federal Reserve Bank does
EXCELLENT EXCELLENT EXCELLENT EXCELLENT EXCELLENT EXCELLENT EXCELLENT EXCELLENT EXCELLENT ARTICLE!!
Greg - Can you explain why the system will freeze up if no more debt is issued?
Thanks!
Great article for the Trends Journal. If the FED does not do this, the global system implodes. There is also a possibility of a Global Bank Run. China is blocking customers from getting money from their banks. After listening to you, I know this economy is so rigged. When money is backed by nothing of value but the faith in the Federal Government, we are screwed!
Very nice article, thanks for letting us read it. It just seems that part of the reason that this game keeps going on is because of their addiction to it. I think they just can't stop it despite the fact they know they will have to in order to bring about the next step.
Thanks Greg!
I remember reading a story about a guy in Russia that had tons of gold. To keep the gold he learned how to make the gold bars into gold rings and said he was a jeweler. he was also able to hide the gold rings and when Soviet Union fell he was able to use those gold rings to help people leave or hide from "bad people". reading this I keep thinking everyone should learn a trade and find a good way to hide your money. Under your bed is a bad idea.