The New Economy Involves Gold and Cryptocurrency – June 28, 2019,
If the Federal Reserve lowers interest rates in the very near future, which by the way the market has already priced in, it’s game over, now when I say it’s game over, don’t expect for the entire market to crash overnight(although it might), expect that insiders will already have their exit strategies priced in. Now, the suckers of the market will be the people, Global Governments are protecting, you know the old people who are about to retire assuming that their market valued stocks will inflate in value in a way that will maintain their standard of living.
As everyone reading this should know, when the central banks leave rates at zero, most of the money that would otherwise sit and collect interest, go out into the market looking for a home which that money can use to subsidize the standard of living for people who believe that their government knows what it’s doing. Is there such thing as quiet hyper-inflation? I’m not sure but expect quiet, shhh… hyper-inflation if Jerome Powell makes the mistake of listening to Donald Trump’s buffoonery regarding lowering interest rates.
The market knows, that if a socialist becomes President of the United States, everyone loses everything. So as I’ve been saying I expect the crash to happen under Donald Trump’s second term, I actually anticipate the economic crash will happen within a few months of Donald Trump’s second term, why? Because it’s the perfect scenario for the markets. The markets get their guy in there, he does what some call the reset, I call it renegotiation of America’s debts, I assume all countries around the world will make similar actions, people in the wrong types of debt exit the market via bankruptcy sit idle for 7+ years and those of us who know what we’re doing try to bring some sanity back to the marketplace.
Now, in the meantime who wins in this situation, people with liquid assets that they can use to purchase cash flowing assets. About me and my thinking; I could care less about the Government and their piece of crap money, what I pay the closest attention to is how large a countries public sector is, how many labor unions exist in a company or a country and how much money does a country have to spend to finance its public sector. I know I’m not alone on this type of thinking, but if you’re reading this, expect that more people are going to come to the same realization that you’re reading right now.
Spoiler alert, the world has always been like this, economies are financed by people who don’t read and comprehend information that for many of us is common freaking sense. There’s no conspiracy theory, there’s nothing to be alarmed about, Individualism will get you through the toughest economic times. With that said people like Peter Schiff should be commended for their willingness to help the poor suckers, who need foundational knowledge to what’s going on.
Part of believing in individualism is accepting that none of us are perfect, Don’t expect Peter Schiff to be perfect, he’s a human being, but be advised that the knowledge he’s sending out to the atmosphere is 100% better than the information that’s consumed by people who listen to the mainstream media. So how it is, is how it’s going to be, until those of us who are in the know start doing what the Blockchain Crypto Currency market is doing, which is beginning to build competing infrastructure.
The Art world, selling Artistic paintings has an infrastructure outside of the Fiat monetary system, those of you that are practicing barter and negotiation, you have an infrastructure outside of the Fiat monetary system. I know many people in agriculture have an infrastructure outside of the central bank, fiat monetary system, the key question is faster transactions and a storer of value.
Jerome Powell may kill the dollar in a few months and the market is going to dump the problem on Donald Trump. If Trump isn’t elected, the market will dump the problem on a Democrat who won’t know what to do, if a Democrat won the election and the dollar crash happened, it’s Jimmy Carter, Beto O’Rourke looks like Jimmy Carter to me. I don’t rule out a nut case Democrat winning. But why the market wants a crash under Trump is debt renegotiation. Most of the debt is the stock market, part of the reason many of these stocks are inflated revolves around financing public sectors as well as retirees all over the world.
The managers of these overvalued stocks see the writing on the wall, a few years back suicides were a common occurrence in the financial sector because if you understand the numbers, you can see the house of cards very clearly and knowing that a lot of these people are not going to be able to retire is a scary thing if you’re managing their money.
Now a debt renegotiation and deflation in the economy can help, but understand it’s a temporary fix, a lot of humans are still stupid, Argentina had a debt renegotiation, but their public sector is still very large, so no matter what currency they create, it’s going to get hyperinflated, my argument in this is that the world is going to catch onto to the end game and the entities that build a monetary infrastructure away from central banking that the market actually wants will be the beneficiary once the world realizes that not only is the U.S Dollar worthless, but the entire fiat system is worthless.
Personally, I don’t think this will happen as soon as people think it will, because remember that a large chunk of humanity is heavily reliant on the fiat monetary system, financing their retirements, so it’s going to be a gradual change and if you’re reading this don’t be resistant to it, because although Bitcoin and the cryptomarket got the ball rolling, about what an infrastructure outside of the central banking model looks and feels like, something else might emerge, if the precious metals markets could find a way to get labor unions out of the process, skies the limit.
It still baffles me that gold (atomic number 79) isn’t being massed produced by humans, humanity is being suppressed primarily by the government making life more expensive for everyone.
Yes, there will be a time when people will openly refuse to work for Fiat money, that’s what I’m alluding too if you’re wondering and I want the reader to understand, that people refusing to work for Fiat money, might come in a quiet form, it’s happening now, the difference is the unsophisticated person will refuse to work expecting government welfare, the emerging alternative to fiat money I suspect will be different in that large chunks of individuals will create wealth without ever touching Government fiat money! Yes, that’s what I see coming!
Interesting times ahead