22 March, 12:35
Next topic.
Fall of the Petrodollar.
Leads to>
Redemption period. (70% of cash overseas)
Leads to>
Rise of the US Dollar. (Deflation)
What doesn't kill you makes you stronger.
Fall of the Petrodollar.
Leads to>
Redemption period. (70% of cash overseas)
Leads to>
Rise of the US Dollar. (Deflation)
What doesn't kill you makes you stronger.
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17Commentary 17C
@17Commentary
22 March, 02:10
In response Vincent Kennedy⍟ to his Publication
more stimmy to come? people with wheelbarrows of cash, except this time, it’s actually worth something?
i know in the past you said change of system forces disclosure of hidden $.
death of petrodollar means are currency is no longer dependent on oil trade. means we can begin introduction of new forms of energy without disrupting trade / $ strength.
redemption decreases money supply (an effective burn), bringing on deflation. puts people in control. further, encourages and gives need for backing with PM’s or some other tangible asset.
all successful societies have a deflationary currency. not just in terms of decreasing price, but money is a true store of energy and value. work done years ago should still be valued today. and in fact, with technology, it should only be MORE valuable today.
this encourages savers, discourages the need to wildly speculate since interest rates rise and lending / saving generated a low risk high yield return.
i know in the past you said change of system forces disclosure of hidden $.
death of petrodollar means are currency is no longer dependent on oil trade. means we can begin introduction of new forms of energy without disrupting trade / $ strength.
redemption decreases money supply (an effective burn), bringing on deflation. puts people in control. further, encourages and gives need for backing with PM’s or some other tangible asset.
all successful societies have a deflationary currency. not just in terms of decreasing price, but money is a true store of energy and value. work done years ago should still be valued today. and in fact, with technology, it should only be MORE valuable today.
this encourages savers, discourages the need to wildly speculate since interest rates rise and lending / saving generated a low risk high yield return.
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Erin Larson
@GenealogistErin
22 March, 03:07
In response 17Commentary 17C to his Publication
Just research Venezuela's hyperinflation as one example. They reset their currency, make changes, lop off zeros - and it never leads to deflation. It's accounting bs. So, I still don't see why or how if we go (arguably there now) into hyperinflation then how does a new currency combat that?
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22 March, 03:44
In response Erin Larson to her Publication
Venezuela was all alone with a crashed economy. They weren't the reserve currency.
70% of USD CASH is not in the USA. If they have to change that for a new $ thru the current banking system they will have to prove where it came from. They wont be able to. Trillions will be left behind causing instant deflation. Of course it will inflate after that but it will have the American economy behind it.
America is the best customer. We buy the most. Other countries don't want us to become poor.
The customer is always right comes to mind.
70% of USD CASH is not in the USA. If they have to change that for a new $ thru the current banking system they will have to prove where it came from. They wont be able to. Trillions will be left behind causing instant deflation. Of course it will inflate after that but it will have the American economy behind it.
America is the best customer. We buy the most. Other countries don't want us to become poor.
The customer is always right comes to mind.
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Doq Holliday
@doqholliday
22 March, 03:54
In response Vincent Kennedy⍟ to his Publication
VK wen moon for physical gold/silver? I’m about to make some large investments into a PM vault exchange. Is the supression almost done?
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22 March, 07:56
In response Doq Holliday to his Publication
Thinking April for XRP. Like gold and silver, xrp is being suppressed for a reason. I just like the idea if I have to bug out a digital ledger is easer to take anywhere. impossible to travel with gold and silver without getting robbed.
Bars of gold feel nice though
Bars of gold feel nice though
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Things to consider:
I would not trust a 3rd party metals vault. Keep metals with you. If you need to move (bug out) and you are worrried about robbery / seizure, you can always bury it. (x marks the spot).
Remember:
No keys to 3rd party vault
No keys to bank
No keys for crypto exchanges
It costs a little more but you can buy gold and silver bars by the gram. These would be best for bartering situations, and lightweight.
If the power grids / internet is out, Trading Digital assets (crypto) is a no bueno for the 90% who have them. An issue is most keep their crypto online, in an exchange or a hot wallet (online also) like Uphold, etc. If they cannot get online, no access to their crypto.
You could power your ledger using solar equipment. Problem is, who else in your area has a ledger or even dabbles in crypto? Very Few.
Right now, today, if SHTF, It is best to have cash, precious metals, physical assets such as food, water, guns, ammo, a running vehicle, fuel.
I would not trust a 3rd party metals vault. Keep metals with you. If you need to move (bug out) and you are worrried about robbery / seizure, you can always bury it. (x marks the spot).
Remember:
No keys to 3rd party vault
No keys to bank
No keys for crypto exchanges
It costs a little more but you can buy gold and silver bars by the gram. These would be best for bartering situations, and lightweight.
If the power grids / internet is out, Trading Digital assets (crypto) is a no bueno for the 90% who have them. An issue is most keep their crypto online, in an exchange or a hot wallet (online also) like Uphold, etc. If they cannot get online, no access to their crypto.
You could power your ledger using solar equipment. Problem is, who else in your area has a ledger or even dabbles in crypto? Very Few.
Right now, today, if SHTF, It is best to have cash, precious metals, physical assets such as food, water, guns, ammo, a running vehicle, fuel.
10:48 PM - Jan 21, 2023
In response Vincent Kennedy⍟ to his Publication
Only people mentioned by GorillaB in this post can reply
