Archive for investment

Gold, Savings & Security In The Real World

Posted in Uncategorized with tags , , , , , , on May 18, 2020 by jtoddring

Here is what the crowd, the authorities, and the mainstream media, including the business press, will tell you: It’s called BS.

Think for yourself.

For example, when real inflation rates of 8% or more are counted, money in the bank is losing money, and most investment funds are losing money. Why not just burn it in your backyard over a campfire? At least you could roast marshmallows and hot dogs with it.

Think better. Think for yourself.

Another example is currencies and gold. (Always hold the physical gold yourself, by the way.)

A typical list of top 50 countries by gold reserves lists the US as having roughly 8,000 tons of gold reserves, Germany 3,000 tons, Russia and China 2,000 tons, etc.

Interesting figures. Questionable how much basis in reality they have.

Imagine going to a bank for a loan, and the bank clerk asks what you have for collateral. You say, “I’ve got thousands of tons of gold in a vault in my basement.” The bank clerk asks for proof, and you say, “You’ll have to take my word for it.” The bank clerk then smiles and says,”Sounds good to me. How many more trillions of dollars in loans would you like?”

This is the situation with the US. As the world’s biggest debtor nation, the rest of the world is supposed to smile and take their word for it when the US claims to have 8,000 tons of gold reserves, although nobody gets to see them or take an inventory. 

Sure buddy, we’ll just keep loaning you trillions of dollars forever. Sounds like a good plan to me.

I think Max Keiser is probably right. He said that if the US ever opened its doors to a vault inspection or audit, there’d be nothing there but an old Smith Corona typewriter.

Yet people run to the US dollar as a safe haven? Are they mad? 

The US dollar is strong only in relation to other world currencies that are even weaker. The whole system is broken. Paper money, fiat money, is going to implode. The US dollar is no exception. 

If you want a safe haven, plant a garden. Buy heritage seeds and solar panels. At least buy some gold, silver and Bitcoin.

The US currency and economy is going down, and it will pull down most national economies, and currencies, with it.

Self-reliance, cooperation and community, along with gold, silver and select cryptos, are your best bet; and of course, march: mobility, adaptability, resilience, courage and hope. (Nemonics work too.)

Slash expenses, build community and resilience, and march to the beat of your own drummer.

The elite are unreliable guides at best, and frankly, more often corrupt. Don’t blindly follow or obey authority.

Question everything. Most “news” and most “analysis” is sheer rubbish, propaganda, delusions or lies.

Lemmings do not make good leaders. Do not follow the crowd. They are sleep-walking into disaster.

Be adaptable. Throw out the script. Question everything. Think for yourself.

The people are being devoured by the elite. That is the short answer. It will take courage, cooperation, resilience and resourcefulness to get through this. But we can.

And we will.

JTR,

May 18, 2020

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