Why Gold Will Continue to Rise and US Standard of Living Drop
Posted by freedomforall 2 months, 2 weeks ago to Economics
Excerpt:
"Given the global trend towards dedollarization accompanied by many nations offloading UST as a trusted store of value it merited looking at the world from a Current Accounts perspective. The conclusion is given global changes and the US’s slow pace adjusting to those changes, these will happen:
Gold will continue to rise,
Treasuries will continue to weaken,
and the US standard of living will continue to deteriorate
...
Questions Asked and Answered
Credit Agricole released a very nice piece (at bottom) dissecting who owns what globally. Given mercantile trends and revamping of both supply chains, the report was helpful answering questions regarding Gold and its price path from here. These are the questions asked and answered.
What needs to change if the US is to continue to enjoy its current standard of living relative to the world?
What about UST makes them so desirable for foreign investors?
Who will buy our debt going forward if Foreigners are not?
What can we do to stop foreigners from selling, or make them consider buying more?
What other assets can approach UST qualities or be used to do this?
Can’t we just buy our own debt? ( nationalize the debt?)
Why isn’t simply buying our own debt enough to keep our current standard of living?"
"Given the global trend towards dedollarization accompanied by many nations offloading UST as a trusted store of value it merited looking at the world from a Current Accounts perspective. The conclusion is given global changes and the US’s slow pace adjusting to those changes, these will happen:
Gold will continue to rise,
Treasuries will continue to weaken,
and the US standard of living will continue to deteriorate
...
Questions Asked and Answered
Credit Agricole released a very nice piece (at bottom) dissecting who owns what globally. Given mercantile trends and revamping of both supply chains, the report was helpful answering questions regarding Gold and its price path from here. These are the questions asked and answered.
What needs to change if the US is to continue to enjoy its current standard of living relative to the world?
What about UST makes them so desirable for foreign investors?
Who will buy our debt going forward if Foreigners are not?
What can we do to stop foreigners from selling, or make them consider buying more?
What other assets can approach UST qualities or be used to do this?
Can’t we just buy our own debt? ( nationalize the debt?)
Why isn’t simply buying our own debt enough to keep our current standard of living?"
The R's are just as bad. Their last bill. FUNDS the very NGOs that are sending people over the border.
Brett Weinstein (And Chris Martenson) Went down, and followed the path. They showed that China and the UN and various NGOs are behind this. Encouraging it. FUNDING IT!
And our elected MORONS were ready to send more money to those SAME NGOs. Why? Because they NGOs know how to Pay to Play.
They give MILLIONS to the politicians/parties.
And then the politicians VOTE to fund them with 100x those amounts to keep the gravy flowing.
I like Warren Buffets suggestion. If you are in office, and you don't have a balanced budget you cannot run for re-election (EVER).
I wonder if it would take 6 or 12yrs to get things fixed.
for a number of reason
best indicator was the number of viewers of the stupid-bowl
but i saw a report of a larger number of people present that did not rise for the lame-ass so-called black "national anthem" (can someone tell me just what nation "black" is??
No accounting for tastes. I wouldn't give $1 now.
if given one, its only value to me would be to sell it and give the proceeds to some REAL charity
Bet they already have their own national anthem, though.
the nation of "black"
France
UK
Black
where is that one -- Black
There was a black national anthem? On the good side, that means we are getting really close to the drain.
Somebody pull the handle, time for a healthy flush.
And then, of course, real copper pennies. I leave out nickles as they are/were made of nickel originally as I recall. I must say that I do like your "20 round clip" as a commodity being used as a medium of change (my definition of "money" as taught to me by Harry Browne).
However, as a component in one's portfolio gold probably is a wise choice along with other things, like ammunition, vitamins, anti-virals, antibiotics, pain relievers, et al.
The shit will not go down all at once (just me being positive), so we have time to prepare -- physical materials, get your body in shape to Work and keep your network of other libertarians / Objectivists / Free-Market folks vibrant.
Have you not heard the value of large doses of vitamin C against antibiotic-resistant infections (that the allopathic quacks want to hide from you?)
Have you not read about Zinc and Vitamin D and certain cheap (today) anti-virals being life savers against weaponized viruses (e.g., COVID)?
If you think that aspirin has no place in your SHTF plans, then you will be unprepared and unable to shoot straight because of pain when your enemies are at your door.
I will have lots of said 'crap' in my gulch.
Getting outside in the Sunlight and Working. Very simple and rewarding...
The whole "Stay Home Stay Safe" Covid nonsense was a recipe for mental and physical debilitation.
https://www.youtube.com/watch?v=QN_Bo...
if the other guy does NOT have guns, ammo
my guns, ammo gets your stuff
LOL
Silver coins for barter.
Also -- during the sundry Argentine and other S. American country financial crises, the people resorted to gold chains... bracelets, necklaces, 14 karat gold, remove a single link, a few grams, and use that for barter. And keep very quiet about what you actually own. Look like you are broke and act that way as well.
Ammo ... yes, of course, stored well it will last for generations.
(I haven't been to Thailand recently so I don't know the 'street' prices.)
a mix of gold and silver, to be able to make "change"