The de-dollarization is happening like a game of Jenga. One block at a time. The next block is a new BRICS currency backed by gold and other commodities and agreements to trade in mutual country currencies and not in U.S. Dollars. The petro dollar is losing its status given the Saudis are accepting other currencies for oil purchases. And nothing the US including its military can do to stop it unless the US provokes Russia 🇷🇺 into a nuclear conflict.
Last week Wells Fargo bank closed one of two branches in my southern Utah town of 40k population. Last thursday at 10 PM I tried to get money from the one ATM on site. You guessed it the ATM was out of cash.
The delusional market always thinks the Fed is going to do more. Wishful thinking. The Fed is not going to do more this time, and I can't wait to see all the idiots investing in it become bagholders.
Greg your talking about banks and what to do with money you take out. Other then Gold and Silver, money under the mattress, diamonds or gems with no clue as to value. T-bills-T-Bonds-T-Notes. Would love to hear more alternatives. Please continue to address this scenario. A loyal supporter. Ed K
The de-dollarization is happening like a game of Jenga. One block at a time. The next block is a new BRICS currency backed by gold and other commodities and agreements to trade in mutual country currencies and not in U.S. Dollars. The petro dollar is losing its status given the Saudis are accepting other currencies for oil purchases. And nothing the US including its military can do to stop it unless the US provokes Russia 🇷🇺 into a nuclear conflict.
Only thing that will rein in spending in DC as well as Fed money printing. I'm almost hoping we lose reserve currency status.
Last week Wells Fargo bank closed one of two branches in my southern Utah town of 40k population. Last thursday at 10 PM I tried to get money from the one ATM on site. You guessed it the ATM was out of cash.
Stop investing in the system buy gold /silver now
It’s coming.
The delusional market always thinks the Fed is going to do more. Wishful thinking. The Fed is not going to do more this time, and I can't wait to see all the idiots investing in it become bagholders.
Greg your talking about banks and what to do with money you take out. Other then Gold and Silver, money under the mattress, diamonds or gems with no clue as to value. T-bills-T-Bonds-T-Notes. Would love to hear more alternatives. Please continue to address this scenario. A loyal supporter. Ed K
People are shying away from the housing market too. It needs to crater.
How bout touching on the market for more than a quick bit?
Market gains allows us to plan for eventualities. Also the fed also buys the mainstream etf index funds which gives us flexibility.
https://rumble.com/v35gasw-rich-dad-author-robert-kiyosaki-reveals-why-he-doesnt-trust-any-currency....html?mref=6zof&mrefc=14