Well, I guess Letting BC pay off my mortgage makes me a chump? AND taking out my original investment plus 100% gain AND the taxes that go with it feels Really chumpy. Wow! now my eyes are open.... thanks, so much guys. I think I might throw the rest away, unless you want them? My experience is that the ones who criticize are jealous because they missed the bus.
ALL OF HISTORY IS MOVING TO THE CONCLUSIONS IN THE BIBLE, IE, REVELATION 13, EVEN TRUMP HAS TO AND WILL FALL IN LINE. BELIEVE ON THE LORD JESUS CHRIST AND AVOID THE WHOLE MESS...Oh, I'm sorry, I didn't realize I was shouting with the all caps on....Is there a button that makes the caps even bigger?...
Money is something of value that can be used as the means to exchange for goods and services. Money is not always currency, and currency is not always money. For instance, in 1990s in Russia money was a bottle of alcohol, while ruble was paper that nobody wanted.
Certain things are always money, such as gold and silver, because they always have intrinsic value.
Modern currencies, on the other hand, have no such intrinsic value, because they are no longer backed by precious metals. Their only value is in the populations' belief that it is money. Once this belief is gone, the currency's value becomes equal or less than that of a piece of paper.
American dollar has an added value as a currency of international trade. Once that value is gone, the inflation would bring its value to that of a piece of paper.
All modern currencies are issued/ created by central banks. Most of the central banks are privately owned, including the Federal Reserve. The governments BORROW their currencies from central banks. Those central banks that are not privately owned, like the CB of Russia, are still not answerable to their own governments but to the IMF. The IMF board of directors is appointed directly or indirectly by the private owners of other central banks.
As issuers, the CBs are responsible for the overall currency supply. Too much currency can cause inflation, while not enough can cause stagflation.
Since 1990s, most of the currency in circulation is not even paper but digits in the computer logs. As such, an official currency is no different from crypto, except that crypto is not regulated by central banks.
Since 1800s, the banking system has been based on fractal lending. Banks make money not by storing customers' deposits but by lending up to 90% of the currency deposited to those who need loans. BECAUSE OF THAT THE CURRENCY IN CIRCULATION ALWAYS EXCEEDS SIGNIFICANTLY THE ACTUAL MONEY AND ASSETS. Since 1990s this issue has been compounded by the new financial instrument known as derivatives. Derivatives are insurance bets on currency trades. These bets are another digital issuance that increases the circulated currency exponentially.
Why this is a serious problem:
When a national economy is doing well, commercial trade increases. The labor market is tight, consumers have money to spend and they buy a lot of goods. Most of the goods' production and the logistics of getting the goods to consumers require commercial loans. Banks are happy to lend.
But 1 major default can make banks go belly up, because they lend money they don't have. This is precisely what happened in the fall of 2007, causing the global recession.
In fact, the fractal lending is the cause of the continuous cycle of booms and busts every several years. There is always an economic bubble that gets pierced. Real estate got overheated in the early 1980s, causing the recession of 1986-1992. Then there was "the dotcom" bubble, that caused the recession of the early 2000s. But in 2007 the major financial players - banks, insurance companies and many law firms (who depend on the insurance industry) went belly up, causing systemic crush, after which the global financial system has never fully recovered.
In fact, the only reason the modern financial system has survived for so long is because there were 2 major wars during the first half of the 20th century.
Why wars are vital to this system:
CURRENCY IS NOT AN ASSET.
You may think that the currency on your bank account is money and an asset, like most people do, because we are trained to think that way.
But an asset is something that has AN INTRINSIC VALUE. Real estate is called REAL, because it can be a home to live in/ a house to rent out/ a land to build or to farm on. So it has REAL intrinsic value. Commodities are assets, because they can be used. Precious metals are double the assets, because they are both the commodity and the (real) money. Your skills are an asset, because you can earn assets with it. Even if all you get for your work is currency, as long as this currency is exchangeable for assets such as commodities/ real estate/ metals, you're ok. If the dollar goes bust, your skills can earn you whatever the society accepts as money.
Everything you deposit in the bank is that bank's liability. That bank owes you the amount of your deposit. A bank's assets are the loans the bank gives. If no one defaults, the bank is ahead. But there are always defaults. As long as these defaults do not exceed the bank's liabilities, the bank is OK, because it can write off these losses off taxes. But the minute 10% of the customers want to get their money out of the bank, and the bank has 50% of defaults, the bank itself defaults.
A major war works for banks in many ways:
1. There are less customers who want to retrieve their deposits. A major war means millions of customers die or get displaced. Unclaimed deposits then become the banks' assets
2. A country winning the war robs the country that loses of its assets, and these assets are deposited in the banks, so the banks can lend out more money and make more assets for themselves.
3. Wars are expensive, so governments borrow more money from the banks
4. After war reconstruction is expensive, so banks do more lending.
While the banks' loans are called assets on the balance sheet, they are not real assets, as I have already explained. But as long as the majority of loans get repaid, the bankers can buy real assets for themselves. If a loan has a collateral (a tangible asset pledged to the bank in exchange for a loan), and such borrower defaults, the bank also acquires a real asset.
But without a major war with such major windfalls for banks, the financial system of fractal lending is bound to always teeter on the edge of collapse and is bound to crush eventually. Small local wars can prop the system here and there, but never enough.
After this system really crushed in 2007, it was propped up just a bit by the robbery of Greece and Cyprus (Cyprus is small but it was a major offshore hub, so its banks had a lot of money), but the main plug was major borrowing by the governments of the developed countries. This however was but a bandaid on the open wound, because it was a temporary solution. When Trump overheated the American economy in his 3 yrs of general prosperity, the amount of circulated currency versus the actual assets became untenable. So in August of 2019, during the meeting of the central bankers in Jackson Hole, it was decided that it was time to go to the "Great reset", which was the long planned transformation of the present financial system. But because
such transformation could not be done in an instant, they had to cool the global economy by the LONG PLANNED "pandemic". The unprecedented lockdowns served to do the actual cooling. But killing the elderly was also saving a lot of pension funds from defaults, and so propped the dying financial system a bit. The excess deaths that have followed the wave of mandatory experimental gene therapy AKA mRNA vaccines also helped, as well as renewed borrowing by the governments that were trying to shore up their economy post lockdowns.
But now all these governments are teetering on defaults, and, since the new financial system is not ready yet, a major war is the only thing that can save the bankers. Right now 3 fires are lit: Russian/ Ukrainian war, with which the bankers hope to ignite the major war in Europe; Israeli war with Hamas, with which the bankers wish to ignite the war with Iran, and the very possible Sino American war.
America as the sponsor of NATO is already involved in the war in Europe. America is also bound by the mutual defense agreement with Israel and so is going to be involved in the war with Iran soon. Chinese economy is seriously crushing, so China can easily be pushed into the war with Taiwan, the major computer chip maker, so America would have to step up there. Being involved into 3 major wars at once is bound to stretch America too thin and the American dollar may finally get crushed and the new financial system is finally going to begin.
This new system is going to be nothing like the present one. It is not going to have currencies at all. The CBDCs are going to be the vouchers rather than currency - more akin to foodstamps than anything else. Most banks are going to cease to exist. There are going to be only the central banks plus a few affiliates. No one but governments would be able to borrow, and most of the commercial trade would stop. The CBDCs would be given out as allowances in form of the Basic Universal Income with some form of the carbon credits built in. You can read the rest in Carl Schwab's book "The Great Reset".
Btw, the central bankers own American military industrial complex via The Carlyle Group. You can read up on that if you are interested. BlackRock and Vanguard funds (the central bankers plus some monied elite like British Royals) already own very much everything on top of that.
Trump is a conman- he's a total fraud. Years ago, he donated to Kamala.
He claims to be America first, yet it sure looks like back in the 90s the tribe used him to attack the real America First candidate, Pat Buchanan, when he broke w/GOP and decided to campaign for President w/the Reform Party. The tribe trotted out puppet Trump to attack Buchanan as an antisemite and Hitler supporter:
It wasn't just Tucker to attacked Pat Buchanan, Trump and Roger Stone did too.
Well lets see should we use Gold and silver that built this country up in the 19th century. Or use crypto that has helped the country spiral into degeneracy.
I think there are great aspects for crypto technology. What if we could link the gold/silver/commodities to this technology because this tech cannot be manipulated and used for nefarious buying like human trafficking. Are you going to carry coins to pay for things....no!
Austrian economics is just better math so obviously the answer is sound money. The problem is that there is not enough metals in existence to satiate the quadrillions of fiat/derivatives (which means lots of people will have nothing) so they must seek shelter wherever they can whenever the cracks start to form on the upside down exter’s pyramid. Everything in the middle will collapse and either choose metals or crypto as the outlet. Personal preferences aside, there is a lot of fiat that needs to find a safe place so do what you understand best unless you’re good at riding fences. Whatever you choose consider it a gift from the Lord almighty, be a good steward and generous to those in need.
Crypto has been highjacked by the Fed, MIT and the big banks in New York. 100% surveillance - Listen and learn about the off ramp to privacy.
Aaron Day presents his latest Brownstone Institute Article that discusses how digital clickwrap agreements, databases, CBDCs, and tokenization are the means by which we will own nothing. Here is a link to the article https://brownstone.org/articles/you-might-own-nothing-sooner-than-you-think/ Day will give a presentation and then have 3 other guests on for a discussion (which will also include Q&A from the Audience.
Episode 007: You Might Own Nothing Sooner Than You Think
Greg. (29Aug2024) Are you aware of the PEAD that was signed and activated Jan 1, 2021?
Are you aware of the global GOLD-Backed system that will replace the Central Banks and Federal Reserve System? Your question indicates you are not aware of the bigger picture... and it is coming. the CBDC will not be invoked. Bitcoin is a DARPA project and it is going to be removed. Reporting. R.E. Sutherland, M.Ed./sciences
Trump is a fool and Bitcoin is fool's gold.
Well, I guess Letting BC pay off my mortgage makes me a chump? AND taking out my original investment plus 100% gain AND the taxes that go with it feels Really chumpy. Wow! now my eyes are open.... thanks, so much guys. I think I might throw the rest away, unless you want them? My experience is that the ones who criticize are jealous because they missed the bus.
Trump is a fool and all who believe in crypto (cult belief system) are chumps. There was a 50% chance of rain here @ 4 p. cdt still waiting.
He’ll say anything to find a lane to ride this election in. That’s who he is. And you know it.
Agree 100% and he's been chosen.
Constitutional money is the #1 issue of our time! Bar none!
ALL OF HISTORY IS MOVING TO THE CONCLUSIONS IN THE BIBLE, IE, REVELATION 13, EVEN TRUMP HAS TO AND WILL FALL IN LINE. BELIEVE ON THE LORD JESUS CHRIST AND AVOID THE WHOLE MESS...Oh, I'm sorry, I didn't realize I was shouting with the all caps on....Is there a button that makes the caps even bigger?...
ABOUT MONEY
Money is something of value that can be used as the means to exchange for goods and services. Money is not always currency, and currency is not always money. For instance, in 1990s in Russia money was a bottle of alcohol, while ruble was paper that nobody wanted.
Certain things are always money, such as gold and silver, because they always have intrinsic value.
Modern currencies, on the other hand, have no such intrinsic value, because they are no longer backed by precious metals. Their only value is in the populations' belief that it is money. Once this belief is gone, the currency's value becomes equal or less than that of a piece of paper.
American dollar has an added value as a currency of international trade. Once that value is gone, the inflation would bring its value to that of a piece of paper.
All modern currencies are issued/ created by central banks. Most of the central banks are privately owned, including the Federal Reserve. The governments BORROW their currencies from central banks. Those central banks that are not privately owned, like the CB of Russia, are still not answerable to their own governments but to the IMF. The IMF board of directors is appointed directly or indirectly by the private owners of other central banks.
As issuers, the CBs are responsible for the overall currency supply. Too much currency can cause inflation, while not enough can cause stagflation.
Since 1990s, most of the currency in circulation is not even paper but digits in the computer logs. As such, an official currency is no different from crypto, except that crypto is not regulated by central banks.
Since 1800s, the banking system has been based on fractal lending. Banks make money not by storing customers' deposits but by lending up to 90% of the currency deposited to those who need loans. BECAUSE OF THAT THE CURRENCY IN CIRCULATION ALWAYS EXCEEDS SIGNIFICANTLY THE ACTUAL MONEY AND ASSETS. Since 1990s this issue has been compounded by the new financial instrument known as derivatives. Derivatives are insurance bets on currency trades. These bets are another digital issuance that increases the circulated currency exponentially.
Why this is a serious problem:
When a national economy is doing well, commercial trade increases. The labor market is tight, consumers have money to spend and they buy a lot of goods. Most of the goods' production and the logistics of getting the goods to consumers require commercial loans. Banks are happy to lend.
But 1 major default can make banks go belly up, because they lend money they don't have. This is precisely what happened in the fall of 2007, causing the global recession.
In fact, the fractal lending is the cause of the continuous cycle of booms and busts every several years. There is always an economic bubble that gets pierced. Real estate got overheated in the early 1980s, causing the recession of 1986-1992. Then there was "the dotcom" bubble, that caused the recession of the early 2000s. But in 2007 the major financial players - banks, insurance companies and many law firms (who depend on the insurance industry) went belly up, causing systemic crush, after which the global financial system has never fully recovered.
In fact, the only reason the modern financial system has survived for so long is because there were 2 major wars during the first half of the 20th century.
Why wars are vital to this system:
CURRENCY IS NOT AN ASSET.
You may think that the currency on your bank account is money and an asset, like most people do, because we are trained to think that way.
But an asset is something that has AN INTRINSIC VALUE. Real estate is called REAL, because it can be a home to live in/ a house to rent out/ a land to build or to farm on. So it has REAL intrinsic value. Commodities are assets, because they can be used. Precious metals are double the assets, because they are both the commodity and the (real) money. Your skills are an asset, because you can earn assets with it. Even if all you get for your work is currency, as long as this currency is exchangeable for assets such as commodities/ real estate/ metals, you're ok. If the dollar goes bust, your skills can earn you whatever the society accepts as money.
Everything you deposit in the bank is that bank's liability. That bank owes you the amount of your deposit. A bank's assets are the loans the bank gives. If no one defaults, the bank is ahead. But there are always defaults. As long as these defaults do not exceed the bank's liabilities, the bank is OK, because it can write off these losses off taxes. But the minute 10% of the customers want to get their money out of the bank, and the bank has 50% of defaults, the bank itself defaults.
A major war works for banks in many ways:
1. There are less customers who want to retrieve their deposits. A major war means millions of customers die or get displaced. Unclaimed deposits then become the banks' assets
2. A country winning the war robs the country that loses of its assets, and these assets are deposited in the banks, so the banks can lend out more money and make more assets for themselves.
3. Wars are expensive, so governments borrow more money from the banks
4. After war reconstruction is expensive, so banks do more lending.
While the banks' loans are called assets on the balance sheet, they are not real assets, as I have already explained. But as long as the majority of loans get repaid, the bankers can buy real assets for themselves. If a loan has a collateral (a tangible asset pledged to the bank in exchange for a loan), and such borrower defaults, the bank also acquires a real asset.
But without a major war with such major windfalls for banks, the financial system of fractal lending is bound to always teeter on the edge of collapse and is bound to crush eventually. Small local wars can prop the system here and there, but never enough.
After this system really crushed in 2007, it was propped up just a bit by the robbery of Greece and Cyprus (Cyprus is small but it was a major offshore hub, so its banks had a lot of money), but the main plug was major borrowing by the governments of the developed countries. This however was but a bandaid on the open wound, because it was a temporary solution. When Trump overheated the American economy in his 3 yrs of general prosperity, the amount of circulated currency versus the actual assets became untenable. So in August of 2019, during the meeting of the central bankers in Jackson Hole, it was decided that it was time to go to the "Great reset", which was the long planned transformation of the present financial system. But because
such transformation could not be done in an instant, they had to cool the global economy by the LONG PLANNED "pandemic". The unprecedented lockdowns served to do the actual cooling. But killing the elderly was also saving a lot of pension funds from defaults, and so propped the dying financial system a bit. The excess deaths that have followed the wave of mandatory experimental gene therapy AKA mRNA vaccines also helped, as well as renewed borrowing by the governments that were trying to shore up their economy post lockdowns.
But now all these governments are teetering on defaults, and, since the new financial system is not ready yet, a major war is the only thing that can save the bankers. Right now 3 fires are lit: Russian/ Ukrainian war, with which the bankers hope to ignite the major war in Europe; Israeli war with Hamas, with which the bankers wish to ignite the war with Iran, and the very possible Sino American war.
America as the sponsor of NATO is already involved in the war in Europe. America is also bound by the mutual defense agreement with Israel and so is going to be involved in the war with Iran soon. Chinese economy is seriously crushing, so China can easily be pushed into the war with Taiwan, the major computer chip maker, so America would have to step up there. Being involved into 3 major wars at once is bound to stretch America too thin and the American dollar may finally get crushed and the new financial system is finally going to begin.
This new system is going to be nothing like the present one. It is not going to have currencies at all. The CBDCs are going to be the vouchers rather than currency - more akin to foodstamps than anything else. Most banks are going to cease to exist. There are going to be only the central banks plus a few affiliates. No one but governments would be able to borrow, and most of the commercial trade would stop. The CBDCs would be given out as allowances in form of the Basic Universal Income with some form of the carbon credits built in. You can read the rest in Carl Schwab's book "The Great Reset".
Btw, the central bankers own American military industrial complex via The Carlyle Group. You can read up on that if you are interested. BlackRock and Vanguard funds (the central bankers plus some monied elite like British Royals) already own very much everything on top of that.
https://www.youtube.com/watch?v=ayri3CYFztY
How Did Warren Buffett Know Stocks Would Crash?!? w/ Prof. Richard Wolff
Timing is a question
Well said! What are your senses telling you where the price of gold and silver short/long term?
Stick with the Constitution. It is an amazing document of and for individual freedom !
Trump is a conman- he's a total fraud. Years ago, he donated to Kamala.
He claims to be America first, yet it sure looks like back in the 90s the tribe used him to attack the real America First candidate, Pat Buchanan, when he broke w/GOP and decided to campaign for President w/the Reform Party. The tribe trotted out puppet Trump to attack Buchanan as an antisemite and Hitler supporter:
It wasn't just Tucker to attacked Pat Buchanan, Trump and Roger Stone did too.
https://x.com/Know_More_News/status/1782532504756600941
Well lets see should we use Gold and silver that built this country up in the 19th century. Or use crypto that has helped the country spiral into degeneracy.
Isn't cryptocurrency going to end up as part of the "digital prison" that the WEF is pushing for?
I think there are great aspects for crypto technology. What if we could link the gold/silver/commodities to this technology because this tech cannot be manipulated and used for nefarious buying like human trafficking. Are you going to carry coins to pay for things....no!
https://www.amazon.com/dp/B0CXWBCWDR?tag=bravesoftwa04-20&linkCode=osi&th=1&psc=1&language=en_US
the environment? the cyanide spill was solved in b.c. by legalizing dumping into one of the largest fresh water supplies in the world.
has any looked into trading tlt iShares 20+ Year Treasury Bond ETF.
using gregs mmri ,, works well, better than well
According to the NSA bitcoin can be broken by the use of elliptical cryptography tools
IMHO bitcoin is not capable to preserve wealth any more.
source dr Markus Krall
Austrian economics is just better math so obviously the answer is sound money. The problem is that there is not enough metals in existence to satiate the quadrillions of fiat/derivatives (which means lots of people will have nothing) so they must seek shelter wherever they can whenever the cracks start to form on the upside down exter’s pyramid. Everything in the middle will collapse and either choose metals or crypto as the outlet. Personal preferences aside, there is a lot of fiat that needs to find a safe place so do what you understand best unless you’re good at riding fences. Whatever you choose consider it a gift from the Lord almighty, be a good steward and generous to those in need.
Crypto has been highjacked by the Fed, MIT and the big banks in New York. 100% surveillance - Listen and learn about the off ramp to privacy.
Aaron Day presents his latest Brownstone Institute Article that discusses how digital clickwrap agreements, databases, CBDCs, and tokenization are the means by which we will own nothing. Here is a link to the article https://brownstone.org/articles/you-might-own-nothing-sooner-than-you-think/ Day will give a presentation and then have 3 other guests on for a discussion (which will also include Q&A from the Audience.
Episode 007: You Might Own Nothing Sooner Than You Think
https://rumble.com/v5bkssx-episode-007-you-might-own-nothing-sooner-than-you-think.html?e9s=src_v1_ucp
Greg. (29Aug2024) Are you aware of the PEAD that was signed and activated Jan 1, 2021?
Are you aware of the global GOLD-Backed system that will replace the Central Banks and Federal Reserve System? Your question indicates you are not aware of the bigger picture... and it is coming. the CBDC will not be invoked. Bitcoin is a DARPA project and it is going to be removed. Reporting. R.E. Sutherland, M.Ed./sciences