Update: The Feds just raided hundreds of safety deposit boxes in the US. Probably a good time to move your gold to an offshore storage facility and start working on that second passport...
Better yet place it in your safe at home and Lock and Load!! It will get scammed overseas, these dogs have means to get to everything outside of your house! The 2A was designed to be exercised with a tyrannical government! That is their words when they framed that document not mine!!
"...At this point a 10% interest rate equals the entire US budget." This is one reason why the Fed is in the process of taking control of all interest rates. The Fed and the federal government regulators will simply decree that the interest rate is 2%. Problem solved.
I'm in the process of trying to learn to stop worrying and to love USSR-style government control of the economy and financial system, because that is now inevitable. The American people will never accept the kind of austerity necessary to pay the national debt. They will prefer to be told that the government is fixing all problems by taking control of everything. I.e. totalitarian rule.
There will be no final “crash”; there will be totalitarian rule. And our rulers will maintain a show of the system still being free market capitalism. Seriously, what else can possibly happen? (I have asked that question in the comments section of Financial Times and WSJ stories about the debt et al and no one has ever answered it. I don’t think there is an answer.)
I am sure they would love to say the interest rate is 2% but this year there is 6.7 trillion that expires so they need to go to the market to sell 6.7+ trillion of new debt and they wouldn't get any buyers so again the whole thing blows up.
I completely agree totalitarian rule is exactly what the narcissistic psychopaths are trying to achieve. Financial repression will come first together with eyewatering taxes. Leaving may also become very difficult once they close the pen!
Anarchy (no rulers) seems like a much better option at the moment but they have managed to give anarchy a bad name! Anarchy worked perfectly well for tens of thousands of years before the psychopaths started killing each other and us if we didn't believe in their religion! Nothing much has changed since then.
"Anarchy worked perfectly well for tens of thousands of years..." At least since Hobbes,
leftists have equated no-government and absence of control with disorder. They threaten us with "chaos" if we don't let the control us. But societies, and nature itself, produce spontaneous order, which is better than control. As you say, it worked great for a long, long time.
BTW I enjoyed The Great Taking on Rumble very much. Lots to think about there.
You will need to have a little cash or when this is banned digital currency for everyday use. I was mostly talking about larger investments for gold and land. It will be very different but it is not the end of the world. The black market will fill in the gaps. You will still be able to exchange your gold or silver for whatever currency the government decide we must use. Silver coins may well take over for a lot of purchases once people become familiar with their value.
Of the total debt pile surely some of it must be long term and locked in at low rates ? The numbers given here would only be correct if all the debt had to roll over short term. The question is asked from a position of ignorance ..
Well spotted these numbers have been simplified to give my readers a gentle introduction to economics that can often be dull as ditchwater! The full answer is that most of the debt is due to mature within the next 3 years so my numbers are in the ballpark. One spike in interest rates and shit meet fan! This situation is also rapidly deteriorating so in a few years even a small spike will blow everything up.
The full dull explanation is; "The U.S. Treasury issues debt with maturities as short as one month and as long as 30 years. The maturity structure of debt is the pattern of maturities of outstanding debt. The current maturity structure is such that most of the current debt will mature within the next three years. Thirty percent of this outstanding debt, amounting to $6.7 trillion, will mature and need to be refinanced during fiscal 2023."
If using bitcoin carried a 10 year jail sentence how much do you think it would be worth? That is the question to ask with bitcoin. They are currently encouraging as many as possible to invest using their ETF. The laws are in place to steal all of that at the drop of a hat. We are in the sheep herding stage at the moment with bitcoin. Only real tangible assets will hold their value in the next "financial crisis". We will own nothing and we will be happy.
It's a numbers game. If / when you have to log on to the government website to access the internet and go to jail for using a proxy server most people will comply. This makes Bitcoin worth a fraction of it's current price overnight. Bitcoin has many uses but as a long-term store of wealth it is highly risky.
That is exactly what they are trying to achieve. It is all carefully planned so the billionaires become even richer and the middle class is eliminated. Already using a proxy server is illegal in the UK according to the "Online Safety Bill".
The fiat currency system is coming to an end. They want to crash the whole system and make us beg for a new system. That is "The Great Reset". We will own nothing and be happy or in jail.
How is buying property safe when the new totalitarian government could easily confiscate one’s land under eminent domain or deny the use of it because of a ecological issue they manufacture?
You are correct. Nothing is 100% safe in these mad times but it is safer than most of the other alternatives. A man's home is his castle as they say. If the elites get their way, which is by no means a done deal yet, but it is looking more and more likely, then it will be cash deposits, pensions, stocks and shares they will steal first. Then Gold confiscations (again) then lastly land grabs for "reparations" and any other bullshit they can come up with. Like I said sort out a second passport if you can, as soon as you can, just in case. If you stay one step ahead you could end up 10 times richer than you started but maybe in an alternative country!
You do have the tough questions and I share your concerns on that one. The fightback has already begun, people are waking up all over the world. The farmers protests won their first battle, Argentina is now showing promise and many different countries are reluctant to sign up to the World Homicide Organization's democidal plans. They are panicking and desperately trying to censor everyone in the world. Con-vid has done us a favour in a morbid way waking up so many people. It is not all over yet, time will tell what free countries remain when the dust settles. So my short answer is it is too early to tell. Stay flexible and we may have already hit rock bottom if we are lucky!
The only assets worth holding out here in the sticks of Missouri are freehold land, and high yield property. Gold and silver not so much.
That may change but for the foreseeable future cash no matter how worthless or not is still king.
Swap meets, Craigslist, yard sales, farmers markets, are cash only. Hillbillies have no confidence in gold or silver of being of any use.
Country folk would rather have commodities such as free hold forested land, with water access via rivers, springs and ponds, abundant wild life etc.
Individual items considered commodities out here include; wood stoves, fireplaces, meat smokers, chainsaws, tractors, skid steers, attachments etc. All paid for. I can’t fail to mention firearms and a fitness level to be able to use if necessary in a wide variety of situations from hunting to home defense.
Finally it makes no sense to own gold and silver if one still holds a mortgage as the mortgage is the most enslaving debt one can have.
Personal debt currently around 19 trillion. The Bible says the borrower is a slave to the debter. Thus a slave to their employer and ultimately the government.
This economic dynamic ensures a peaceful mass non compliance movement isn’t possible as people in general can’t risk saying no to government who places pressure on employers to get individuals to comply with tyrannical mandates.
Average American has something like $400-$1000 in savings thus they have to go along to get along.
In my humble opinion being debt free which includes owning your home and property trumps owning gold and silver.
My final observation is that the folks I watch or listen to who hawk gold and silver live in high rise luxury condos in Miami beach, Puerto Rico, Palm Springs etc.
They believe collapse is right around the corner but their lifestyle doesn’t reflect their impending doom.
In closing My opinion is from a rural Americans perspective so please don’t… shoot the messenger. SF
Update: The Feds just raided hundreds of safety deposit boxes in the US. Probably a good time to move your gold to an offshore storage facility and start working on that second passport...
Better yet place it in your safe at home and Lock and Load!! It will get scammed overseas, these dogs have means to get to everything outside of your house! The 2A was designed to be exercised with a tyrannical government! That is their words when they framed that document not mine!!
"...At this point a 10% interest rate equals the entire US budget." This is one reason why the Fed is in the process of taking control of all interest rates. The Fed and the federal government regulators will simply decree that the interest rate is 2%. Problem solved.
I'm in the process of trying to learn to stop worrying and to love USSR-style government control of the economy and financial system, because that is now inevitable. The American people will never accept the kind of austerity necessary to pay the national debt. They will prefer to be told that the government is fixing all problems by taking control of everything. I.e. totalitarian rule.
There will be no final “crash”; there will be totalitarian rule. And our rulers will maintain a show of the system still being free market capitalism. Seriously, what else can possibly happen? (I have asked that question in the comments section of Financial Times and WSJ stories about the debt et al and no one has ever answered it. I don’t think there is an answer.)
I am sure they would love to say the interest rate is 2% but this year there is 6.7 trillion that expires so they need to go to the market to sell 6.7+ trillion of new debt and they wouldn't get any buyers so again the whole thing blows up.
I completely agree totalitarian rule is exactly what the narcissistic psychopaths are trying to achieve. Financial repression will come first together with eyewatering taxes. Leaving may also become very difficult once they close the pen!
Anarchy (no rulers) seems like a much better option at the moment but they have managed to give anarchy a bad name! Anarchy worked perfectly well for tens of thousands of years before the psychopaths started killing each other and us if we didn't believe in their religion! Nothing much has changed since then.
"Anarchy worked perfectly well for tens of thousands of years..." At least since Hobbes,
leftists have equated no-government and absence of control with disorder. They threaten us with "chaos" if we don't let the control us. But societies, and nature itself, produce spontaneous order, which is better than control. As you say, it worked great for a long, long time.
BTW I enjoyed The Great Taking on Rumble very much. Lots to think about there.
Excellent points, Robert! Now is definitely the time to start preparing.
Will the UK government be using Fujitsu to code the digital currency?
So now maybe a few more folks will comprehend what gun control is REALLY about.
How do I live off of silver and gold - actual question - how does one liquidate that to buy food and gas ?
You will need to have a little cash or when this is banned digital currency for everyday use. I was mostly talking about larger investments for gold and land. It will be very different but it is not the end of the world. The black market will fill in the gaps. You will still be able to exchange your gold or silver for whatever currency the government decide we must use. Silver coins may well take over for a lot of purchases once people become familiar with their value.
Of the total debt pile surely some of it must be long term and locked in at low rates ? The numbers given here would only be correct if all the debt had to roll over short term. The question is asked from a position of ignorance ..
Well spotted these numbers have been simplified to give my readers a gentle introduction to economics that can often be dull as ditchwater! The full answer is that most of the debt is due to mature within the next 3 years so my numbers are in the ballpark. One spike in interest rates and shit meet fan! This situation is also rapidly deteriorating so in a few years even a small spike will blow everything up.
The full dull explanation is; "The U.S. Treasury issues debt with maturities as short as one month and as long as 30 years. The maturity structure of debt is the pattern of maturities of outstanding debt. The current maturity structure is such that most of the current debt will mature within the next three years. Thirty percent of this outstanding debt, amounting to $6.7 trillion, will mature and need to be refinanced during fiscal 2023."
> and of course Bitcoin will be unavailable on the new government censored internet.
The Chinese have repeatedly tried and failed to ban Bitcoin.
If using bitcoin carried a 10 year jail sentence how much do you think it would be worth? That is the question to ask with bitcoin. They are currently encouraging as many as possible to invest using their ETF. The laws are in place to steal all of that at the drop of a hat. We are in the sheep herding stage at the moment with bitcoin. Only real tangible assets will hold their value in the next "financial crisis". We will own nothing and we will be happy.
> If using bitcoin carried a 10 year jail sentence how much do you think it would be worth?
r/bitcoin/cocaine to see the answer to your question.
Keep in mind bitcoin is even easier to conceal.
Also see how successful the MPAA was at stopping software piracy.
It's a numbers game. If / when you have to log on to the government website to access the internet and go to jail for using a proxy server most people will comply. This makes Bitcoin worth a fraction of it's current price overnight. Bitcoin has many uses but as a long-term store of wealth it is highly risky.
So the government is going to ban all encryption? That would destroy the infrastructure of modern society.
Keep in mind, China keeps trying and failing to ban bitcoin.
That is exactly what they are trying to achieve. It is all carefully planned so the billionaires become even richer and the middle class is eliminated. Already using a proxy server is illegal in the UK according to the "Online Safety Bill".
The fiat currency system is coming to an end. They want to crash the whole system and make us beg for a new system. That is "The Great Reset". We will own nothing and be happy or in jail.
How is buying property safe when the new totalitarian government could easily confiscate one’s land under eminent domain or deny the use of it because of a ecological issue they manufacture?
You are correct. Nothing is 100% safe in these mad times but it is safer than most of the other alternatives. A man's home is his castle as they say. If the elites get their way, which is by no means a done deal yet, but it is looking more and more likely, then it will be cash deposits, pensions, stocks and shares they will steal first. Then Gold confiscations (again) then lastly land grabs for "reparations" and any other bullshit they can come up with. Like I said sort out a second passport if you can, as soon as you can, just in case. If you stay one step ahead you could end up 10 times richer than you started but maybe in an alternative country!
What country in the world is going to be safe from the globalist takeover and the AI system?
You do have the tough questions and I share your concerns on that one. The fightback has already begun, people are waking up all over the world. The farmers protests won their first battle, Argentina is now showing promise and many different countries are reluctant to sign up to the World Homicide Organization's democidal plans. They are panicking and desperately trying to censor everyone in the world. Con-vid has done us a favour in a morbid way waking up so many people. It is not all over yet, time will tell what free countries remain when the dust settles. So my short answer is it is too early to tell. Stay flexible and we may have already hit rock bottom if we are lucky!
The only assets worth holding out here in the sticks of Missouri are freehold land, and high yield property. Gold and silver not so much.
That may change but for the foreseeable future cash no matter how worthless or not is still king.
Swap meets, Craigslist, yard sales, farmers markets, are cash only. Hillbillies have no confidence in gold or silver of being of any use.
Country folk would rather have commodities such as free hold forested land, with water access via rivers, springs and ponds, abundant wild life etc.
Individual items considered commodities out here include; wood stoves, fireplaces, meat smokers, chainsaws, tractors, skid steers, attachments etc. All paid for. I can’t fail to mention firearms and a fitness level to be able to use if necessary in a wide variety of situations from hunting to home defense.
Finally it makes no sense to own gold and silver if one still holds a mortgage as the mortgage is the most enslaving debt one can have.
Personal debt currently around 19 trillion. The Bible says the borrower is a slave to the debter. Thus a slave to their employer and ultimately the government.
This economic dynamic ensures a peaceful mass non compliance movement isn’t possible as people in general can’t risk saying no to government who places pressure on employers to get individuals to comply with tyrannical mandates.
Average American has something like $400-$1000 in savings thus they have to go along to get along.
In my humble opinion being debt free which includes owning your home and property trumps owning gold and silver.
My final observation is that the folks I watch or listen to who hawk gold and silver live in high rise luxury condos in Miami beach, Puerto Rico, Palm Springs etc.
They believe collapse is right around the corner but their lifestyle doesn’t reflect their impending doom.
In closing My opinion is from a rural Americans perspective so please don’t… shoot the messenger. SF