What about food? We can't eat digital numbers on a computer. If we didn't produce enough food and gas those prices will increase in relation to the dollar. That's the concern, we are out of food globally, due to anomalous weather and fracking only produces gasoline distallates not desiel, still got to import that. So if we continue to print a trillion dollars every ten days, that's not going to cause the inflation of common day items somehow?
When the democrat communists (who control the Presidency, congress, SCROTUS, media) kill the global economy, they will still blame Trump. Good times ahead.
There are quadrillions worth of gold platinum iridium etc that will get mined by companies like SpaceX. It's only rare and hard to get at on earth. The gold standard is fiat just like any other. Hedge your bets.
I LOVE it when people make this argument. Dig a hole on earth, recover gold, refine it, mint it and sell it = $1300+ all in per ounce. But sure! Space mining an asteroid is TOTES going to produce tons of super cheap gold! Hehehe!
It would take untold amounts of money to find, mine and bring back your imaginary "quadrillions" worth of gold with todays technology. Even if it was in the nearby asteroid belt past Mars.
It never hurts to have SOME stock of precious metals, for diversities sake and as a possible inflation hedge. But diversity of assets is the best way to cover your ass.
The old not all your eggs in one basket.
Hell, if we had a total societal and economic meltdown, then having a stockpile of antibiotics could bring in all the gold you want............
And as much as Trump touted the stock market and its increases, I can't help but think that any 'master plan' by those on the inside would account for protecting such assets. I think is EO requiring Chinese stocks to be removed from the stock market is part of these protections. If something big was planned, bet on the markets being frozen until things stabilize sufficiently as well.
Ethereum is a game changer , they are building decentralized finance applications that are going to change finance forever. In addition , it is cheaper and faster than bitcoin to transact on , hence this is why you see wrapped bitcoin now , people prefer to transact bitcoin on the ethereum chain because it is faster and cheaper.
Reminder that bitcoin has followed stock market rises and falls since 2017 when most of the market volume was bought by the same firms that trade stocks and bonds
It’s possible it will still be valuable if everything else crashes, but it’s also possible it will crash too
First of all, not so. But skip this first section unless you really care:
Not all countries locked down and printed covid checks. Japan for example and we're down 15% vs the Yen in the last year
And while the US Dollar Index (rough metric of US dollar intrinsic 'value') derives primarily from it's value parity vs euro trash - the Euro, Pound, Canadian Dollar, Krona and Franc (86.4%) it's still down in the last year (the hamper is cleaner than us), and the US Dollar is down even further vs the Chinese Yuan.
So despite the race to the bottom, the US dollar is still performing worse than the other contestants. Currency derives it's value from a number of factors, but it also reacts slowly so we aren't done sliding, regardless of whatever support it's holding in the immediate.
But even if it weren't down compared to other currencies, you sill have double the money chasing less product (businesses close and we produce less, surprise) and that's literally the recipe for inflation. You won't notice 10-15% price bumps unless you're really paying attention, but from there it'll keep adjusting up.
There already are definite signs of inflation....but don't worry../s , if Biden the Usurper is ushered in, the out of control government spending on the next middle eastern war, and massive other government spending will soak that up...../s
your chat shows half were printed after 2012--13. Regardless, printing of money is the only thing propping up the stock market. Print more dollars, and it takes more to buy a stock.
They will know it’s worthless. You will pay with your home, car, wife, and children who will be raped and brainwashed as necessary to remove the stench of whiteness.
It's perfectly safe. But it could also lose up to half it's purchasing power. It's already down 10-15% vs other world currencies in the last year.
You need to diversify it into commodities to hedge against sudden inflation.
If we weren't in a crypto bull right now I'd recommend that, otherwise you're going to have to find some non-fiat solution. We have twice as many pieces of paper chasing a smaller number of goods (production down in lockdown, big surprise).
White men are expected to suffer the most. Biden/Harris are going to make females and black businesses successful, even if they have to throw printed money at them.
this already happens and has been for years. Tell the govt and even many private industries you're run by anyhting but a white man, and they'll get you contracts, loans all kinds of goodies for free that you wouldn't "qualify" for otherwise.
Every new denomination of "money" created get parts of it's value from the already existing money in circulation.
This is why FIAT currency needs a massive growth all the time to avoid crash. Just look at China and their exploitation of land, their overpopulation, basically a massive exploitation of the world and theft of natural resources. That's why their economy is doing great now.
The US was doing great under Trump, taking jobs back from China, rebuilding the industry, harvesting natural resources. But Trump also has morale to not steal resources from other countries.
Imagine what's gonna happen under Biden, it's a total disaster for US economy, moving jobs to China, not touching any natural resources, because of "the environment", people living on government funded welfare, probably getting loans from China.
Basically: the answer is not to print more money, you need to stop lending from China and focus on actual value.
I feel the same, people don't realize what a scam it is until it's too late. They've been using this plandemic to transfer even more wealth from the average American to the globalist elite. And people don't even notice just because it's the same number their on the account. And people cheer the "$600 for free from the government", that's a socialist trap.
You're partially wrong. Value is created via economic output, so you do need to print money literally every time someone pulls some mineral out of the ground, builds some product, or even writes some code. The ratio of money to value is the important thing, and you don't need infinite growth. Technically, if you stopped growing you could just stop printing money to keep the ratio the same, but growth doesn't just stop (it can continue forever).
This applied back in the days when the USD was gold backed, it's fine as long as every dollar is worth a certain amount of gold. Now it's just thin air, soon in the dirty hands of a SJW. That's a recipe for total disaster.
While natural resources has a market based value based on supply and demand, there's no such mechanism in FIAT currencies, once they fall, they can only fall further and never recover.
Seems like the ultimate goal here is to crash the USD and replace it with a social credit system similar to the one used in China.
No, it's the exact opposite. Gold backed currencies are backed by only gold (of course), but the USD is backed by all economic output of the US. People can't seem to wrap their head around this for some reason. Every single tree that is felled, every natural resource pulled out of the ground (oil being the biggest one), and every single piece of intellectual property created has value, and supports the USD. You're confusing the ability to print money (i.e. change the ratio of value to dollars), with the ability to fix the ratio (e.g. X dollars to X ounces of some resource). Fixing the currency is not good, but fixing it to some single resource is even worse as it causes deflation. The gold standard is not good. The problem isn't fiat currencies, it's that we don't limit the number of dollars we print above some inflation point. You want to print money to at least keep up with GDP growth, and you also do want a little but of inflation as it prevents hoarding, but you also don't want the people making decisions to be able to print off any amount of money they want.
It's hard to understand, even after multiple attempts of learning it. But I guess that's the point, the pleb shouldn't know how it works so the elite can benefit and suck out individuals for their last breadcrumbs.
"Federal reserve" ain't a federal agency, it's a private company selling... well whatever the hell they're selling to the government to grant new loans.
So yeah, I get that it's not just arbitrary printing out of thin air, you need to issue a loan in order to create new money. But it's not related to work or natural resources in any way, sure there's some market value in it, but as soon as it goes up, the profit is instantly taken out and used to benefit big banks and mega corporations.
Buy gold and silver fellow pedes, together we can defeat the fiat shills!
Also, by doing so you accelerate the commies' downfall since these idiot will hold on to their 'money' complain about 'prices going up'
Yes! Banks have been selling gold that they don’t have. They will claim to be holding your gold, but they’re selling virtual gold and when you sell that virtual gold they just give you the current value of gold. They have done this so much that there are estimates that there are estimates that there is more than 3 times as much virtual gold sold as there is physical gold in existence. This also has the effect of pushing down gold prices.
If people rushed and sold it all off at once then the could cover the costs. However, if people started selling these and buying physical gold then its value would increase and some of the worlds largest banks would go bankrupt. However, they know they can count on “we’re too big to fail” which would cause the US govt to print trillions to cover them, which in turn would keep push gold prices up.
Long story short, if you’re reading this, sell any gold that isn’t real, and buy real gold. From what I understand, SPDR gold is real, as well as goldmoney.com, but read the fine print on everything else
That's great advice but even the rich are doing it too. Warren Buffett gobbled up a shitton of gold last year.
You should still buy precious metals though. More than just money, all our tech is built with it. Use that as leverage against Big Tech, that way you're holding their resources. They want it more than your bank or government does.
This chat should be widely circulated right now. It's directly from the federal reserve showing what a scam the dollar had become. Every american needs to know. Things are unsustainable
I am totally unappreciated in my time. You can run this whole park from this room with minimal staff for up to 3 days. You think that kind of automation is easy? Or cheap? You know anybody who can network 8 connection machines and debug 2 million lines of code for what I bid for this job? Because if he can I'd like to see him try.
They aren't lending, they're buying bonds. We don't have to issue them, and technically if we succumbed to hyper inflation it would actually be better for us because we could pay the matured value with our worthless currency.
Exactly why I've been screaming to End the Fed and repeal the 16th amendment for 15 years. Our current fiat currency system only has one possible conclusion, collapse.
The only reason it still exists is because politicians don't have the backbone to tell Americans we can't afford our increasingly dangerous "safety net", which comprises 75% of our spending. Not to mention, it funnels money directly to the richest people in the world and allows them to regulate themselves. It's insanity
Trump now has a pro-gold standard rep in the fed and has previously stated he wants to bring back the gold standard. Maybe a crash is what we need to reset to a viable backing to our dollar
The Great Reset is inevitable. It's already started, we can't stop it. We must do all we can as individual citizens to position ourselves against it. Tangible assets is the best way. Buy land. Convert some of your portfolios to precious metals, and own it PHYSICALLY (where you store it is up to you), not that promissory note garbage. Big Tech wants precious metals more than the banks and govt do because all their tech is built with it. Owning your own gold and silver is a big fuck you to them.
We need a new non-government controlled non-fiat currency by yesterday. I was considering trying to make one myself, but I haven't even moved to the US from Canada yet.
Since every country is printing money like no tomorrow, all you have to be is the cleanest pair of underwear in the dirty hamper.
No other currency comes close on trust or acceptance. We are the worlds reserve currency, a position no other country enjoys....
I don't prevent anyone from doing anything, but it's just the truth....
150 years ago to the day they were saying the same about sterling.
This isn't 150 years ago.
What about food? We can't eat digital numbers on a computer. If we didn't produce enough food and gas those prices will increase in relation to the dollar. That's the concern, we are out of food globally, due to anomalous weather and fracking only produces gasoline distallates not desiel, still got to import that. So if we continue to print a trillion dollars every ten days, that's not going to cause the inflation of common day items somehow?
https://www.kendrickoil.com/how-is-diesel-fuel-made-from-crude-oil/
https://www.thebalance.com/what-is-shale-oil-and-how-is-it-produced-3306195
Well, yes, but that is a preposterous, exaggerated example. Having overall inflation of around 2 or so percent isn't a bad thing.
You obviously know nothing about the oil industry your fraccing comment is just plain false
I mean there is not a guarantee in life, but in finance, everything is relative to everything else.
Well, since we left the gold standard...
Heard that was a 2nd term Trump objective - getting back on it. Doubt that happens now no matter who is POTUS.
There is a reason no modern country on planet earth uses the gold standard....It isn't because they don't know about it, it's because they DO.
There are pluses and minuses to it.
Thank you! I don't understand how the gold standard shills can't wrap their head around the fact that a deflationary currency sucks.
When the democrat communists (who control the Presidency, congress, SCROTUS, media) kill the global economy, they will still blame Trump. Good times ahead.
There are quadrillions worth of gold platinum iridium etc that will get mined by companies like SpaceX. It's only rare and hard to get at on earth. The gold standard is fiat just like any other. Hedge your bets.
Your argument makes no sense / is not applicable to anyone currently alive, lol.
As of today and the foreseeable future, gold standard would be the opposite of "fiat".
I LOVE it when people make this argument. Dig a hole on earth, recover gold, refine it, mint it and sell it = $1300+ all in per ounce. But sure! Space mining an asteroid is TOTES going to produce tons of super cheap gold! Hehehe!
It would take untold amounts of money to find, mine and bring back your imaginary "quadrillions" worth of gold with todays technology. Even if it was in the nearby asteroid belt past Mars.
It never hurts to have SOME stock of precious metals, for diversities sake and as a possible inflation hedge. But diversity of assets is the best way to cover your ass.
The old not all your eggs in one basket.
Hell, if we had a total societal and economic meltdown, then having a stockpile of antibiotics could bring in all the gold you want............
And as much as Trump touted the stock market and its increases, I can't help but think that any 'master plan' by those on the inside would account for protecting such assets. I think is EO requiring Chinese stocks to be removed from the stock market is part of these protections. If something big was planned, bet on the markets being frozen until things stabilize sufficiently as well.
Ethereum is a game changer , they are building decentralized finance applications that are going to change finance forever. In addition , it is cheaper and faster than bitcoin to transact on , hence this is why you see wrapped bitcoin now , people prefer to transact bitcoin on the ethereum chain because it is faster and cheaper.
Reminder that bitcoin has followed stock market rises and falls since 2017 when most of the market volume was bought by the same firms that trade stocks and bonds
It’s possible it will still be valuable if everything else crashes, but it’s also possible it will crash too
First of all, not so. But skip this first section unless you really care:
Not all countries locked down and printed covid checks. Japan for example and we're down 15% vs the Yen in the last year
And while the US Dollar Index (rough metric of US dollar intrinsic 'value') derives primarily from it's value parity vs euro trash - the Euro, Pound, Canadian Dollar, Krona and Franc (86.4%) it's still down in the last year (the hamper is cleaner than us), and the US Dollar is down even further vs the Chinese Yuan.
So despite the race to the bottom, the US dollar is still performing worse than the other contestants. Currency derives it's value from a number of factors, but it also reacts slowly so we aren't done sliding, regardless of whatever support it's holding in the immediate.
But even if it weren't down compared to other currencies, you sill have double the money chasing less product (businesses close and we produce less, surprise) and that's literally the recipe for inflation. You won't notice 10-15% price bumps unless you're really paying attention, but from there it'll keep adjusting up.
There already are definite signs of inflation....but don't worry../s , if Biden the Usurper is ushered in, the out of control government spending on the next middle eastern war, and massive other government spending will soak that up...../s
It never hurts to hedge your bets, that is for sure.....
No. I am from Ohio....
Thank President Nixon. He did a great service to this country regardless of his impeachment scandal.
your chat shows half were printed after 2012--13. Regardless, printing of money is the only thing propping up the stock market. Print more dollars, and it takes more to buy a stock.
The stock market is based on perceived value. This too will crash in any great reset or civil unrest. Invest in silver, gold, copper, etc
As are metals, beyond their industrial use.
Bollocks I uploaded the wrong graph :/
It's easy to pay reparations with worthless paper. Here, take 1'000'000'000'000'000 zimbawean dollars for your cause.
They will know it’s worthless. You will pay with your home, car, wife, and children who will be raped and brainwashed as necessary to remove the stench of whiteness.
The central bank is pushing hard...they know its collapsing
Do think my money is safe in the bank?
They'll be just as safe as having Creepy Joe babysit your kids.
Hard to say....but we are gonna hit some crazy inflation soon...diversifying assets is never a bad idea
It's perfectly safe. But it could also lose up to half it's purchasing power. It's already down 10-15% vs other world currencies in the last year.
You need to diversify it into commodities to hedge against sudden inflation.
If we weren't in a crypto bull right now I'd recommend that, otherwise you're going to have to find some non-fiat solution. We have twice as many pieces of paper chasing a smaller number of goods (production down in lockdown, big surprise).
White men are expected to suffer the most. Biden/Harris are going to make females and black businesses successful, even if they have to throw printed money at them.
Identify as a woman or a minority person. Checkmate
Seriously though. What are they gonna do? Claim you're trans and call them transphobic bigots. They'll be too scared of SJWs to question it.
Better yet, claim to be bi-racial. Call them racist colonialist oppressors if they don't believe you're really 1/8th black.
this already happens and has been for years. Tell the govt and even many private industries you're run by anyhting but a white man, and they'll get you contracts, loans all kinds of goodies for free that you wouldn't "qualify" for otherwise.
All this is done at the expense of white males.
One purpose of the tax code is to kill your "excess" dollars so hyper inflation doesn't occur
LOL
Too late.
The trick is to move every one into a higher tax bracket. Also 15$ per hour is now the equivalent of 7.50 in 2010. Jokes on them...
You can print money, but you can't print value.
Every new denomination of "money" created get parts of it's value from the already existing money in circulation.
This is why FIAT currency needs a massive growth all the time to avoid crash. Just look at China and their exploitation of land, their overpopulation, basically a massive exploitation of the world and theft of natural resources. That's why their economy is doing great now.
The US was doing great under Trump, taking jobs back from China, rebuilding the industry, harvesting natural resources. But Trump also has morale to not steal resources from other countries.
Imagine what's gonna happen under Biden, it's a total disaster for US economy, moving jobs to China, not touching any natural resources, because of "the environment", people living on government funded welfare, probably getting loans from China.
Basically: the answer is not to print more money, you need to stop lending from China and focus on actual value.
It's so rare to meet someone else who understands fiat. Nailed it in the first two sentences.
I feel the same, people don't realize what a scam it is until it's too late. They've been using this plandemic to transfer even more wealth from the average American to the globalist elite. And people don't even notice just because it's the same number their on the account. And people cheer the "$600 for free from the government", that's a socialist trap.
"But the number is bigger than before, these checks make us all richer"
Exactly, you nailed the mindset.
You're partially wrong. Value is created via economic output, so you do need to print money literally every time someone pulls some mineral out of the ground, builds some product, or even writes some code. The ratio of money to value is the important thing, and you don't need infinite growth. Technically, if you stopped growing you could just stop printing money to keep the ratio the same, but growth doesn't just stop (it can continue forever).
This applied back in the days when the USD was gold backed, it's fine as long as every dollar is worth a certain amount of gold. Now it's just thin air, soon in the dirty hands of a SJW. That's a recipe for total disaster.
While natural resources has a market based value based on supply and demand, there's no such mechanism in FIAT currencies, once they fall, they can only fall further and never recover.
Seems like the ultimate goal here is to crash the USD and replace it with a social credit system similar to the one used in China.
Accurate.
No, it's the exact opposite. Gold backed currencies are backed by only gold (of course), but the USD is backed by all economic output of the US. People can't seem to wrap their head around this for some reason. Every single tree that is felled, every natural resource pulled out of the ground (oil being the biggest one), and every single piece of intellectual property created has value, and supports the USD. You're confusing the ability to print money (i.e. change the ratio of value to dollars), with the ability to fix the ratio (e.g. X dollars to X ounces of some resource). Fixing the currency is not good, but fixing it to some single resource is even worse as it causes deflation. The gold standard is not good. The problem isn't fiat currencies, it's that we don't limit the number of dollars we print above some inflation point. You want to print money to at least keep up with GDP growth, and you also do want a little but of inflation as it prevents hoarding, but you also don't want the people making decisions to be able to print off any amount of money they want.
It's hard to understand, even after multiple attempts of learning it. But I guess that's the point, the pleb shouldn't know how it works so the elite can benefit and suck out individuals for their last breadcrumbs.
"Federal reserve" ain't a federal agency, it's a private company selling... well whatever the hell they're selling to the government to grant new loans.
So yeah, I get that it's not just arbitrary printing out of thin air, you need to issue a loan in order to create new money. But it's not related to work or natural resources in any way, sure there's some market value in it, but as soon as it goes up, the profit is instantly taken out and used to benefit big banks and mega corporations.
Start printing yen. Crash the Chinese economy
Buy gold and silver fellow pedes, together we can defeat the fiat shills! Also, by doing so you accelerate the commies' downfall since these idiot will hold on to their 'money' complain about 'prices going up'
Just make sure you get the actual metal in hand, and not some useless guarantee of gold sitting in some warehouse somewhere where you can't get to it.
Yes! Banks have been selling gold that they don’t have. They will claim to be holding your gold, but they’re selling virtual gold and when you sell that virtual gold they just give you the current value of gold. They have done this so much that there are estimates that there are estimates that there is more than 3 times as much virtual gold sold as there is physical gold in existence. This also has the effect of pushing down gold prices. If people rushed and sold it all off at once then the could cover the costs. However, if people started selling these and buying physical gold then its value would increase and some of the worlds largest banks would go bankrupt. However, they know they can count on “we’re too big to fail” which would cause the US govt to print trillions to cover them, which in turn would keep push gold prices up. Long story short, if you’re reading this, sell any gold that isn’t real, and buy real gold. From what I understand, SPDR gold is real, as well as goldmoney.com, but read the fine print on everything else
That's great advice but even the rich are doing it too. Warren Buffett gobbled up a shitton of gold last year.
You should still buy precious metals though. More than just money, all our tech is built with it. Use that as leverage against Big Tech, that way you're holding their resources. They want it more than your bank or government does.
Yes! Make the climate fascists pay you for their silver panels
This chat should be widely circulated right now. It's directly from the federal reserve showing what a scam the dollar had become. Every american needs to know. Things are unsustainable
By design, so they can look to the "stability" of chyna for solutions.
China is the one lending out money with interest. They sit on the gold and natural resources, i.e the actual value.
"Dogdson, Dogdson, we got DOGDSON HERE!"
"See, nobody cares."
Great name pede lol
Thanks pede.
I am totally unappreciated in my time. You can run this whole park from this room with minimal staff for up to 3 days. You think that kind of automation is easy? Or cheap? You know anybody who can network 8 connection machines and debug 2 million lines of code for what I bid for this job? Because if he can I'd like to see him try.
Hahahaha "Thanks dad"
squeezes Panic Pete
Don't get cheap on me, that was Hammond's mistake
They aren't lending, they're buying bonds. We don't have to issue them, and technically if we succumbed to hyper inflation it would actually be better for us because we could pay the matured value with our worthless currency.
prolly why i have the most money i have ever had before lol. its all fucking fake and gay
Bingo
We have bought land, gold, silver, platinum since 2016!
No palladium?!
Exactly why I've been screaming to End the Fed and repeal the 16th amendment for 15 years. Our current fiat currency system only has one possible conclusion, collapse.
The only reason it still exists is because politicians don't have the backbone to tell Americans we can't afford our increasingly dangerous "safety net", which comprises 75% of our spending. Not to mention, it funnels money directly to the richest people in the world and allows them to regulate themselves. It's insanity
Trump now has a pro-gold standard rep in the fed and has previously stated he wants to bring back the gold standard. Maybe a crash is what we need to reset to a viable backing to our dollar
The Great Reset is inevitable. It's already started, we can't stop it. We must do all we can as individual citizens to position ourselves against it. Tangible assets is the best way. Buy land. Convert some of your portfolios to precious metals, and own it PHYSICALLY (where you store it is up to you), not that promissory note garbage. Big Tech wants precious metals more than the banks and govt do because all their tech is built with it. Owning your own gold and silver is a big fuck you to them.
Do you think the dollar will crash? Looking to protect what I've earned under this great economy.
Crash, no. More likely it will just slowly and gradually wither away.
A "Republic of Texas" then would be debt free! Secession never looked so good.
Modern Monetary Policy. Universities are so compromised they now develop economic theories to match what the government wants.
This is why I own bitcoin
duck, ducky, i like ducks
The message is, worry about inflation instead of censorship?
We need a new non-government controlled non-fiat currency by yesterday. I was considering trying to make one myself, but I haven't even moved to the US from Canada yet.
Crash the US Economy so that CCP can usher in a global economy(NWO) under the guise of saving us; that way there’s less resistance to it.