The wealthy are dumping money.

GOPerfect

GOPerfect

.950 JDJ
U.S. Military
Messages
32,742
Reaction score
75,341
Location
No longer Secret, thanks DR. Evil
Are they nervous? Getting scared??

Not sure, but I am watching...

The wealthy are trying to get rid of as many of their dollars as fast as possible. 66% of all USD have been produced in the last 9 months

Our national debt is currently 130% of our GDP Biden has just announced a 3 trillion dollar spending plan Need more reasons?

Bill Gates now owns more farmland than anyone else in the United States, as the tech tycoon has quietly purchased 242,000 acres of farmland in several states across the country.

Just one example. More to come.
 
CaseHardened

CaseHardened

.450/400 Nitro Ex
U.S. Military
Messages
11,810
Reaction score
11,993
Location
Danvers, MA
I believe Mass Starvation is their Goal.

Georgia-Guidestones.jpg


Georgia Guidestones: a mysterious granite monument containing post-apocalyptic messages for the world.
 
Blimey

Blimey

.450/400 Nitro Ex
Messages
11,279
Reaction score
16,253
Location
Western NY
If you can’t beat them, join them. Buy stocks, buy more stocks, and then some more. It’s accessible to anybody with a phone, you can start with $10. If the dollar evaporates you own shares of income producing assets.
 
Rap

Rap

.357 mag
Messages
611
Reaction score
598
Location
Monroe
Blimey said:
If you can’t beat them, join them. Buy stocks, buy more stocks, and then some more. It’s accessible to anybody with a phone, you can start with $10. If the dollar evaporates you own shares of income producing assets.
Click to expand...
When you liquidate your shares, you receive dollars.
 
spat

spat

.950 JDJ
Messages
30,437
Reaction score
64,377
Location
Formerly Geneseo, NY. Now free in AZ
Blimey said:
If you can’t beat them, join them. Buy stocks, buy more stocks, and then some more. It’s accessible to anybody with a phone, you can start with $10. If the dollar evaporates you own shares of income producing assets.
Click to expand...
If the dollar collapses, WTF do you think is going to happen to the stock market ?

It's likely the stock crash will actually happen first.

It's not like the rich have cash stashed away in a Scrooge McDuck style money bin out back. Any assets that are valued in dollars will suffer as well.

Only things with their own intrinsic value unrelated to a currency (i.e. real commodities) will have a chance of retaining value. This does not include all the commodities derivatives, just actual ownership of the physical commodity.

And *that's* only good if the government doesn't outright seize them like they did gold.
 
Blimey

Blimey

.450/400 Nitro Ex
Messages
11,279
Reaction score
16,253
Location
Western NY
spat said:
If the dollar collapses, WTF do you think is going to happen to the stock market ?

It's likely the stock crash will actually happen first.

It's not like the rich have cash stashed away in a Scrooge McDuck style money bin out back. Any assets that are valued in dollars will suffer as well.

Only things with their own intrinsic value unrelated to a currency (i.e. real commodities) will have a chance of retaining value. This does not include all the commodities derivatives, just actual ownership of the physical commodity.

And *that's* only good if the government doesn't outright seize them like they did gold.
Click to expand...
We have historical precedent for what happens to a stock market when the currency goes tits up. If I recall correctly the market tanks quite badly but in time you’re good to go.

investmentmoats.com

How well did Stocks performed during Hyperinflation during Weimar Republic in Germany

There is a prevailing idea that to combat a very inflationary scenario, you will need a precious metal such as gold or commodities. In today's discovery, I found a post that relates to how stocks did
investmentmoats.com investmentmoats.com
 
SomeSoldier

SomeSoldier

.450/400 Nitro Ex
U.S. Military
Messages
10,452
Reaction score
20,204
Location
Florida
Blimey said:
We have historical precedent for what happens to a stock market when the currency goes tits up. If I recall correctly the market tanks quite badly but in time you’re good to go.

investmentmoats.com

How well did Stocks performed during Hyperinflation during Weimar Republic in Germany

There is a prevailing idea that to combat a very inflationary scenario, you will need a precious metal such as gold or commodities. In today's discovery, I found a post that relates to how stocks did
investmentmoats.com investmentmoats.com
Click to expand...

If you live long enough because there is no food.
 
CaseHardened

CaseHardened

.450/400 Nitro Ex
U.S. Military
Messages
11,810
Reaction score
11,993
Location
Danvers, MA
SomeSoldier said:
If you live long enough because there is no food.
Click to expand...

Killing deplorables off by means of starvation was quite much de rigueur under both Stalin and Mao.

And, BTW, under the British - Irish Potato Famine, anyone ?

PLUS - Farming depends on Oil.

Fertilizer, Tractors, Harvesters, Processing, and Delivery Trucking.

Let alone Refrigeration.
 
spat

spat

.950 JDJ
Messages
30,437
Reaction score
64,377
Location
Formerly Geneseo, NY. Now free in AZ
Blimey said:
We have historical precedent for what happens to a stock market when the currency goes tits up. If I recall correctly the market tanks quite badly but in time you’re good to go.

investmentmoats.com

How well did Stocks performed during Hyperinflation during Weimar Republic in Germany

There is a prevailing idea that to combat a very inflationary scenario, you will need a precious metal such as gold or commodities. In today's discovery, I found a post that relates to how stocks did
investmentmoats.com investmentmoats.com
Click to expand...
When that currency is the worlds reserve currency ?

I expect a collapse of the dollar would trash *all* the stock markets, globally.
 
prambo

prambo

.475 A&M Magnum
Messages
18,454
Reaction score
43,580
Location
P
This "economy" is completely fake, as is MMT...smoke and mirrors. A house of cards held up by bullshit.

What's coming will make 2008 look like a minor run on an inconsequential credit union.

IIRC, the ChiComs are dumping fUSA Treasury bonds as fast as they can.

Welcome to Norte Venezuela, amigos.

I've got my wheelbarrow...do you have yours yet?

wheelbarrow.jpg
 
phatfarmerbob

phatfarmerbob

.223 Rem
Messages
1,296
Reaction score
2,940
Location
NY
Yea we have been hunting land in northern Delaware county1-2 hundred acres

have a couple ideas to draw some income nothing illegal but not something I’m gonna put on a public forum cause I don’t want anyone to steal my idea.

Pa would be more ideal but it’s a difference of 1.5-3k more per acre

I don’t need food or guns or ammo or vehicles

I wish I knew someplace to go buy gold or silver in person ?
 
Xae289

Xae289

.223 Rem
Messages
1,256
Reaction score
2,141
Location
Westchester County
So, why gold and silver? If the dollar collapses and everyone is starving, why would someone give me an apple for some gold shavings? This is me being genuinely curious – other than the fact that it has a long history as currency, why would someone strapped for resources exchange them with you for gold? Isn't gold just a fiat currency when it comes down to it? Any good reading anyone can recommend on how that all worked during the Depression or in Weimar Germany?

My instinct is that if things get as bad as the dollar's collapse, lead and brass would be the far more valuable commodities than their prettier counterparts, silver and gold.
 
Blimey

Blimey

.450/400 Nitro Ex
Messages
11,279
Reaction score
16,253
Location
Western NY
Xae289 said:
So, why gold and silver? If the dollar collapses and everyone is starving, why would someone give me an apple for some gold shavings? This is me being genuinely curious – other than the fact that it has a long history as currency, why would someone strapped for resources exchange them with you for gold? Isn't gold just a fiat currency when it comes down to it? Any good reading anyone can recommend on how that all worked during the Depression or in Weimar Germany?

My instinct is that if things get as bad as the dollar's collapse, lead and brass would be the far more valuable commodities than their prettier counterparts, silver and gold.
Click to expand...
Gold has a long history due in small part to its utility, to maintain value.

The problem with metals is they are not productive investments. They are hedges; speculative purchases. You buy gold and it doesn’t grow. So, if you’re not at end times you get less return on gold than with actual income producing assets (historically it does worse than stocks).

People fail to appreciate certain things such as if you print your own money and your debt is denominated in the currency you print you avoid runaway printing press inflation of the kind we see when nations desperately try to print out of a debt spiral.

Real estate as in buying land Is almost always inferior to stock purchasing for a number of reasons:

- it’s illiquid
- it costs money to maintain (property upkeep and taxes)
- In almost all Of the country it appreciates slowly

I’m really surprised inflation has been so low for so long but it’s been decades since we even had double digit inflation despite gobs of borrowing the entire time.
 
L

livingston

20×102mm Vulcan
Messages
51,051
Reaction score
139,007
Location
livingston county
Xae289 said:
So, why gold and silver? If the dollar collapses and everyone is starving, why would someone give me an apple for some gold shavings? This is me being genuinely curious – other than the fact that it has a long history as currency, why would someone strapped for resources exchange them with you for gold? Isn't gold just a fiat currency when it comes down to it? Any good reading anyone can recommend on how that all worked during the Depression or in Weimar Germany?

My instinct is that if things get as bad as the dollar's collapse, lead and brass would be the far more valuable commodities than their prettier counterparts, silver and gold.
Click to expand...
I have posted this before .
A friend of mine (now passed on ) grew up in the depression. His father borrowed 5 thousand dollars to build a barn before the 29 depression. . They had over that amount in the bank. . The bank closed for a few days and when it opened told everyone you have now 10 % of what you had on deposit. . His father asked if the money that they had in the bank before the crash could be applied towards that loan. ... No was the answer ... They still owed the full amount. ... They struggled for years to pay off the farm loan for the barn.
He had an uncle that owned 5 farms free and clear that he rented out. .. Any body that rented from him could not pay the rent. .. Every farm that he owned was sold on the courthouse steps for non payment of taxes. ... No rent collected meant no taxes paid. ... Folks that worked for the government. fared the best.. Often many people that lost their homes bought them back a few years later .. At least some people did.

This book has some stories about the depression or living in the aftermath.
One thing for certain .. The children that grew up in the depression had a different outlook than we have today. ..Money wise .. Ethics .. Working
Some almost have a type of PTSD . Dirt poor back then was dirt poor. .
 
You must log in or register to reply here.
Top