Message from @Kankels McGee
Discord ID: 530527579564670989
Hilarious
Lol was going to post that too 😎
Gotta love our Memer in Chief 😁
Tom Fitton calls for Aid.
Curious...Utah Senator mic dropping
https://twitter.com/senorrinhatch/status/1080884330430369798?s=19
Good chance we have a smokeshow in the stock markets. Not a buy the dip atmosphere. Only looking uglier. Apple shed 10% today...crazy
Last call to flip some of your portfolio/401k things into 25%+ metals/miners. They are just coming back to life and have a ton of potential growth if so. Don't be complacent
Maybe Trump saves everyone, but thats a lot to ask of someone after decades of intense market perversions. More like softening the blow (he said many times they wanted to turn us into Venezuela...he wasn't joking. Yet he has helped a ton since in office). POTUS prob can't say his true thoughts on the market tho & Fed is getting set up to take the blame (as the deserve) either way.
Unfortunately we let these 2 clowns run the monetary system for decades iff not much, much longer. They prob didn't have our best interest in mind...
But that's that
On the bright side, there is a buyer and seller of every transaction. That means in a bull (up) market, a bunch of ppl make a little bit. However, in a bear (down) market, a few ppl make a lot. Try to turn into an opportunity and be on the receiving side of the money flow.
Sorry for the concernfagging, but had to be said haha
Honest question, is getting back to gold standard even feasible at this time? If we can't then what would be the best possible outcome regarding fed?
Ya feasible and necessary
What concerns do you have?
Fed should either be abolished or absorbed into the Treasury (then broken down)
Sorry, still have a lot to learn on this topic. Just wondering if moving to real metal backed money ( which we need/ have to do) would cause extreme inflation/ deflation? Again, sorry for my lack of knowledge.
No you're good. Im sure a huge % of ppl are in the same boat. Lets hash this out for everyone
Disolving the fed will not be without pain.
Exactly. How bad?
It wouldn't cause inflation or deflation, it would just reflect the amount of currency already in the system. The metals price would reflect this if not suppressed via paper supply floods from central planners. The price would need to rise substantially to make up for all the debt in the system
In my view , unbeknownst to most, because of the dollar contract, they own everything. Legally. Even us.
Watch "Trump holds impromptu press briefing over border wall" on YouTube https://youtu.be/15h8DecnOJk
I am at wrestling practice... otherwise I will get in on this later
So in a perfect scenario we wave a magic wand, rid ourselves of this debt and start a new with the current metal prices?? Am I close? I know it's not that easy.
Hopefully POTUS will be able to pin a lot of the debt on the banks by defaulting on the bonds owed to them. Yet prices are crazy high in markets and they will need to find fair value. In the current system that would mean stocks would shave off a lot in price. Yet, if you plan on switching to a gold standard, it is only,necessary to close the gap between very low metals price and the high stocks. It is poasible to flood the markets with money and prop up, while metals rise faster before the transition. However, that is a ton to ask for and likely the stocks will correct as metals rise. Also, convincing the publ8c that it is necessary to leave the central banking system (after years of,propaganda and free debt) will be hard without a bit of pain. It is better to have a pain in the wallet then have supply chains lock up or something crazy (wont happen although Hillary would of )
Well you can pay $1000 worth of debt with $100 worth of gold if you let the gold price rise by 10X
Thank you for your time and help. I understand better now
value of gold and silver will drop before the official 'takeover' ...then when the gold and silver goes up on international markets, not usa markets..u'll then know we've switched to gold and silver based currency
at that point, gold and silver will remain static of value vs the dollar