Tom Luongo at GGG has a new podcast up on this topic. His take along w his cohost Dexter White is that a collapse of the dollar is unlikely. A continuing decline in its use to somewhere around 40% of reserve ststus along w an emerging basket of other currencies is the future. This will still hurt and may trigger hyperinflation but absent some cataclysmic event or the emergence of a clearly superior currency and bond market, people looking for a place to park cash will still look to the dollar and US bonds, at least for the next x years.
"Germany pays for gas in euros to Gazprombank - which converts them to rubles. So Gazprombank cannot - and won't - be sanctioned." Don't any of these Europeans remember that the Russians are pretty good chess players?
Mike Tyson famously said, "Everybody has a plan until they get punched in the face." Tyson assumed that nobody would be stupid enough to step into the ring without at least having thought through how things might proceed.
"The enemy gets a vote". I read that somewhere. Another thing that comes to mind is the financial hole we've dug ourselves in these past 40 years. 30 trillion in debt, 200+ trillion in promises to people (Social Security, etc). The old economic might we used to rely on to deter others is hard now that China produces 50+ % of what we use. We're in quite a box.
3. Use Russia as a scapegoat for Biden’s incompetence, and save the Democrats by being a war time President by baiting Russia (Belarus, Kazakstan, Ukraine Nato invite, etc).
4. Tighten economic sanctions against Russia to get regime change
5. Create a meat grinder in Ukraine for Russia , as Afghanistan was for USSR.
6. Use Ukraine as justification for new world order of green energy, higher energy prices, tighter control of citizen with digital currency, and cause regime change through more color revolutions due to food shortages.
The bio labs, corruption, and money to us politicians is also involved.
Somehow this keeps Western elites / globalists in power.
Unfortunately the neocons, techno aristocracy, and globalist forgot the enemy/ opposition also has a vote. Russia, China, India, etc are not going along with the neocon agenda.
Highly recommend Ferfal's account of the Argentina fiscal crisis of the 2000s and how ordinary people were forced to deal w hyperinflation. A lot of great lessons there for us now.
You might wish to read these tips from someone who lived through a real SHTF episode in Bosnia. Transacting in gold and silver essentially put a target on your back. Unless you have a lot of armed friends to protect those kinds of assets, you may want to focus elsewhere.
And Ferfal's experience in 2000s Argentina was that typical jewelry was extremely useful for barter as a necklace for ex could be cut in lenghths to adjust the price. And didn't attract so much attention. Junk silver is another option as people don't look at that as a target.
I remember this tip from my travels in some shady areas years ago: 1) Try to dress and look like a local. 2) If that doesn't work, try to look like you are poor.
Tom Luongo at GGG has a new podcast up on this topic. His take along w his cohost Dexter White is that a collapse of the dollar is unlikely. A continuing decline in its use to somewhere around 40% of reserve ststus along w an emerging basket of other currencies is the future. This will still hurt and may trigger hyperinflation but absent some cataclysmic event or the emergence of a clearly superior currency and bond market, people looking for a place to park cash will still look to the dollar and US bonds, at least for the next x years.
Invest in platinum or palladium. See Zerohedge.
"Germany pays for gas in euros to Gazprombank - which converts them to rubles. So Gazprombank cannot - and won't - be sanctioned." Don't any of these Europeans remember that the Russians are pretty good chess players?
Mike Tyson famously said, "Everybody has a plan until they get punched in the face." Tyson assumed that nobody would be stupid enough to step into the ring without at least having thought through how things might proceed.
Unless you’re preoccupied by critical race theory, National trans day celebrations or protecting Fauci.
"The enemy gets a vote". I read that somewhere. Another thing that comes to mind is the financial hole we've dug ourselves in these past 40 years. 30 trillion in debt, 200+ trillion in promises to people (Social Security, etc). The old economic might we used to rely on to deter others is hard now that China produces 50+ % of what we use. We're in quite a box.
What was Plan A? Could someone explain it to me in terms that make sense.
Plan A:
1. Get rid of Trump by any means possible
2. Use Russia to get rid of Trump
3. Use Russia as a scapegoat for Biden’s incompetence, and save the Democrats by being a war time President by baiting Russia (Belarus, Kazakstan, Ukraine Nato invite, etc).
4. Tighten economic sanctions against Russia to get regime change
5. Create a meat grinder in Ukraine for Russia , as Afghanistan was for USSR.
6. Use Ukraine as justification for new world order of green energy, higher energy prices, tighter control of citizen with digital currency, and cause regime change through more color revolutions due to food shortages.
The bio labs, corruption, and money to us politicians is also involved.
Somehow this keeps Western elites / globalists in power.
Unfortunately the neocons, techno aristocracy, and globalist forgot the enemy/ opposition also has a vote. Russia, China, India, etc are not going along with the neocon agenda.
Geopolitics meet Rube Goldberg, or something like that.
Yeah, far be it from me to criticize the plan making of totally rational people ...
Highly recommend Ferfal's account of the Argentina fiscal crisis of the 2000s and how ordinary people were forced to deal w hyperinflation. A lot of great lessons there for us now.
Joke: You don't know my neighbors.
Great points. Silver coins are more affordable than gold and I'm betting they'll be usable should the worst happen.
You might wish to read these tips from someone who lived through a real SHTF episode in Bosnia. Transacting in gold and silver essentially put a target on your back. Unless you have a lot of armed friends to protect those kinds of assets, you may want to focus elsewhere.
https://www.amazon.com/gp/product/1792159226/ref=ppx_yo_dt_b_search_asin_title?ie=UTF8&psc=1
@Lwr
And Ferfal's experience in 2000s Argentina was that typical jewelry was extremely useful for barter as a necklace for ex could be cut in lenghths to adjust the price. And didn't attract so much attention. Junk silver is another option as people don't look at that as a target.
I remember this tip from my travels in some shady areas years ago: 1) Try to dress and look like a local. 2) If that doesn't work, try to look like you are poor.