Matthew Crawford is the math genius and master statistician Kirsch uses to crunch his numbers. He agrees vax bad, but not to bet on a (vax induced?) bear market. He's unique because he used to design algorithmic trading systems for Goldman Sachs so he knows Wall St.
Its a great read *NOTHING HERE IS INVESTMENT ADVICE** and I personally value reading Kirsch, Crawford AND Dowd. They agree on many things.
Athenian Owls, on the other hand, are adorable, still cheap, and create wonderful teachable moments for learning real history https://rg.ancients.info/owls/
Tass the official news of RUSSIA, lays out since 2017 that mRNA is a bio-weapon and that current pfizer project is NOT "GOF" ( gain-of-function, is 40 year old tech ), this is called "Directional Evolution"
New Gates post 2017 PURPOSE of mRNA is forward/reverse the evolutionary process, ergo the clot-shot is a dumb-bomb to make the zio-nazi penal colony populations into house-pets
This is new stuff coming out of the treasure trove of UKRAINE bio-weapon lab shit
Not sure the point of this article, for the proper picture, read marc fabers "tomorrows gold", where spends an entire book on golds history and place in the world, and how county's come & go, and real estate is quite often the last place you want to be long-term
So, gold is not like bitcoin its not a get rich quick ponzi scam
Gold is like 'insurance', you don't buy it to get rich, you buy so that if there is a fire you still have something of value
Take right now SVB, if all your cash in a bank that gets closed and now all banking on internet and your bank goes 404, then its real nice to have some gold stashed on the farm;
If you live in a place that easy to buy&sell gold, however in USSA its tracked by GOV and most people digital-paper gold aka ETF "GLD", which is like being in SVB if your brokerage goes '404'
Buying gold, well buy low, sell high; should have bought +10 years ago at 800, or even earlier at 400, now at almost 2k is a pleasant return, but GOLD is never to be sold
I think in ASIA they get it right, everybody keeps about 5 ounces, called 10 tael ( taels are little 1/2 oz bars frequently traded in asia)
In wars or pick up & go in ebb&flow of life, being able to run with $5k in your pocket allows you to start over in a new place;
How much GOLD?, most say about 5% of net-worth, where to keep? Most say if you don't hold it physically you don't own it;
How much do you pay? You buy it on a generational low and hold forever; Its BORING;
RIght now is a perfect example, war, banks are dying, people are losing their jobs, banks die, ATMS quit work, you have small gold bars can to get cash, and buy stuff you need;
Another thing I see is don't buy jewelry or coin, buy raw gold bars that carry NO premium when you go to sell GOLD they only pay you the price for raw gold so you lose any premium you paid; If you travel the world they only pay for raw gold, they don't care about numismatic value, they determine purity, the melt it form a bar, weigh it and that is what its worth;
I guess you travel on an airplane, then gold coins and/or jewelry is a safe means to get gold out, but if your stay in one locale the then gold bars 5/10 grams are your friend;
Good points, but Gold and silver have lost their mobility for Americans and most of the EU.
You already cannot transport gold internationally yourself, other than perhaps a few pre 1936 "collectors coins" or American Eagles. What most people do not realize is that hopping on a plane, even on a domestic flight, carrying more than $10,000 in cash gives them the right to confiscate it. They confiscated $181,000 in cash from a man on a domestic flight. They are making it impossible to move anything of wealth.
Wearable gold if its a family heirloom and you don't intend to sell sure wear it, but if your an INTL man on the move, then you don't want to be carrying anything they can steal from you;
I think its ok to carry a wad of cash, under $10k, stuffed in a fanny bag, just tell them its for prostitutes and your on vacation, almost all these TSA guys are retired MIL, make them think your one of them, best advice is dress and wear your hair like a MARINE :)
Don't dress an behave like a drug smuggler or mule;
As always when in ROME do as ROMANS
...
Preferable post COVID, is don't fucking travel at all and have already left the occupied zio-nazi countrys
I would say, that if I were younger, I would be on a boat sailing around the world, a decent boat doesn't cost much, if you buy it in the right place, say Galveston after a storm I see a lot of cruise worthy offshore sailing boats for $20k online
Problem is when you get older it sucks to be pulling up a 200LB anchor & chain daily 100' off the bottom, living on the ocean is the best life and following the weather to safe anchorages.
If you have a sailboat, its really easy to cut out the lead keel place gold and cover back up with lead, just saying; I'm not too old to do it, just too comfortable where I'm at,
Joshua Slocum sailed around the world at 55, and returned at 65 and went and did it again, and built his own boat by hand, but that was 1906 when men were men, ... but just do-it is the best advice, you can grow your veggies catch fish, eat crab&lobster & shrimp everyday, keep one beer around per day, that's the one treat all off-shore sailors partake
Sleep during the say at sail, by heave-too, and skipper at the helm at night, you do that not to get sunburn, and other will see you in the day, but you must keep watch for ships at night;
Jewelry sucks dick, because when you buy it you pay a 50% premium when you sell it they only pay for its weight in gold so its better just to buy a gold-bar, with zero premium.
These days you don't travel with GOLD, its just something you bury or hide near the house, where even the dog&wife don't know that you even have it, remember if somebody else knows you have gold, then your gold will walk away.
Gold is insurance for when the paper-money becomes worthless, and it always does, average life 45 years, and the current USD is now 50 years old, so its time is up; The thing about GOLD as an asset is that its liquid easy to sell;
"Only gold is money all else is credit" - jp morgan 1910
That said if you travel say USSA to dubai or HK, then wearing a $10k necklace of gold around your neck wearing lots of perfume and dressing like an arab will draw nobodys attention, but when you go to sell that necklace you lose you 50%
BITCOIN is much the same way, you have to pay 20% premium and then when you sell at a public park you have to offer a 20% discount, so you lose 40%, which is why I think its better to do binance accounts in asia that offer person-2-person online with almost zero discount.
Gold is extremely 'liquid', if you live in free countrys, and the USSA is a prison colony, and has been since 16th century, history is bullshit, just like Australia a UK commonwealth prison colony.
You seem to be interested in mobility of wealth, maybe you should write up that topic.
Regarding 'gold' I would say if you have GOLD in the USSA, and your leaving, then you should arrange a transfer of ETH at public park for that GOLD, no records, and then say go to HK and open binance account which still can be done, so long as your in a 'free country', then sell your ETH to private party's on your binance who can transfer to your acct, even in HK or asia, 'throwaway accounts' and debit cards can be found where you can then get cash at ATMS, or meet the party who wants ETH at the park for a bag of cash in HK, again can easily be done in ASIA.
I think ETH makes more sense, its more like GOLD at $2k,
Like I was saying earlier, IMHO you walk into a gold shop in Singapore with your 1936 collector coin, he will determine purity, weigh it and pay what its worth, finding a numismatic dealer of western coins in ASIA probably exists, but you would be drawing attention to yourself, when in ROME do what the 99% majority are doing;
A Great place in ASIA is Malaysia at Penang, its like star wars bar when it comes to money changers and gold shops, and its a real nice place to hang out and cheap, with good food;
Another thing in Malaysia is Singapore-Dollar&USD are extremely valuable on black-market, so if your travel a lot from USSA, bring over $9,999 cash on every trip, stash with your gold, and then exchange for some land if you need a base;
Make a list of country's that have super easy 'residency' laws, once your a resident then you don't need to show your passport to open an account, if you bother to learn the local language where every you go, and do local support, even the local cops will cover your arse.
I want to see this on your blog, with pictures. I'm getting tired of Jim Willey, Doug Casey. You are henceforth the new...(cue Skyfall by Adelle)..International Man!
No thanks, I spent 20 years sailing around the world drinking beer with guys like McAfee, never make yourself a target.
I'm just trying to feed ideas;
I have no passion for fighting the system, its going down; Just get out, before the shooting begins; That's why I really like to quote Faber; My favorite quote is "Never be there during a civil war, get out before shooting begins",
Lots of morons say I will stay & fight in USA, but like Marc says, during a civil war, people go cannibal, they rape and murder familys, unless watching your family getting raped & eaten is your thing, then get the fuck out;
I can except that like the last civil war, once over, its possible to go back on buy entire towns for a small handful of gold, so you just have to NOT be there during the shooting;
Another thing is exit, like Nazi germany smart Jews left 1932, post 1938 nobody on earth would accept a refugee from Germany, same now USSA is set to de-populate 2025, you wait until the 12th hour, even Mexico is going to be shooting gringos at the border.
...
The problem with casey, willey, like everybody on substack here ( not you ) is there all pimping little people for nickels;
The real deal is to do the Marc Faber or Jim Rogers, get an old motorcycle, tour the world, see where the best women and best food is at, and then learn the language setup a base camp, figure out how to make money so you can retire early;
I already did my 4 posts per year a few days ago, I'm done; I will probably do a few more days of comments and then stop posting;
Like PJ-Rourke (journalist) said years ago "Political journalism is the most destructive thing to the soul, 5 years took 20 years off of my life".
See I will tell you a little secret, you fight them and for everyone you take down, 100 more pop up like ever-ready bunnys'. Then at the end of the day like the COVID hysteria left&right, everybodys an asshole, there are no good people;
Just look right now TRUMP released the COVID as act of war on CHINA for CIA, with POMPEO, and what the FUCK, his base wants him back in 2024;
Then BIDEN, the soiled diaper on the face crowd too want permanent face diapers and mRNA shots, and even when they get IQ 50, they'll say "May I have another"
Fuck politics and FUCK USSA its zio-nazi owners, but its sheep are NOT worth fighting for. I call TRUMP base alt-woke, cuz they're morons, and the woke are of course non-binary asshats, the point is that everybody is a freak;
Here, like Hersh (nordstream), but this is how TRUMP&POMPEO unleashed COVID on the world to destroy CHINA, RUSSIA, & IRAN; Of course it blew back in their face as nobody except western (zio-nazi colonys) gimps accepted the mRNA
Well if your still in the USSA, your an idiot or fool; The writing on the wall was 2008, or about FINRA time, EU much of the same I call them zio-nazi occupied country's while 10% of the worlds population they are the least free places on earth, not only since y2k 911, has USSA made it impossible for ma&pa to run a biz, during after COVID its just plain toast;
That's the one thing of BITCOIN or ETH is moving assets abroad, another is diamonds up your ass or taped on the bottom of your foot, lots of ways, you can test when glass your travel the TSA scanners, but MOSSAD has been moving diamonds forever up their ass in condoms, but that was before the current scanners in USSA, but there is always tricks,
Rhetorically answering your question, this is WHY you leave dodge before they make dumb fucking laws ( or actually enforce them ), for instance post 2012 they made opening bank accounts pretty much impossible abroad, nobody wants a USA citizen, too much paperwork.
Mobiity is a different issue, that's why I said I didn't understand your post? Was it about insurance, get rich quick, safety, or mobility?
Good things to talk about, perhaps we should rhetorically beat the horse back & forth;
In my mind the problem is always 'keeping the money' in all human history making money is easy, always hard to keep, jp morgan and jd rockefeller were fond of saying.
Like Marc's book 'tomorrows gold' who knows? Same for 'money' who knows, same for mobility, safety, insurance
But the real issue is earning it especially for young people now, I think the USSA with its woke non-binary agenda & shutting down ma&pa is creating a parasite society, who in the fuck wants to live in that, besides not the point in the rest of the world, outside of colonial zionist-nazi assholes life is good, an commerce is bustling, First & foremost if young get out of dodge, and collect your gold and you will never return to the prison colony called USSA
Subject : Moving Wealth out of the zio-nazi occupied colonys
Scotch taping $50k USD worth of small pieces of glass on the soles of your feet, I don't see how you couldn't get through.
The only problem is having reliable sellers in NYC, and reliable buyers in Tel-Aviv, or vice-versa, that's the complexity, works well for the Mossad as they back&forth both;
ASIA doesn't do the diamond thing, girls just want gold;
Africa trades diamonds, but they have little value;
There must be a way for GOYIM to play this game, but I will leave this for other to investigate;
One idea is that Arabs buy all this shit so dubai, qatar, .. might be a play to buy your diamonds say in NYC, and then fly to dubai get cash or ETH/BTC, then forward to Singapore or Borneo to R&R
Good points, although my friends who bought into New Zealand bunkers after 2008 feel like they were directed into the lions den and want out. I read Fabers book when it came out around 2012 along with Jim Rogers motorbike investor book. Has he done a new edition?
I recall reading on an investment forum about a Venezuelan migrant intent on fleeing the communist government and trying to redeem his gold in Caracas, but no one knew what it was worth. Prospective buyers would literally scratch their head and return to what they'd been doing before being interrupted by something of no obvious interest.
That's why I'm saying you go to ASIA, where there are 100's of gold-shops every few meters and you will find buyers & sellers in nano-seconds
Of course you go to Caracas people are starving nobody has food, what the fuck are you going to with GOLD?
Also like I'm saying you escape civil-war areas you don't go there, why in the fuck would a person escaping the USSA prison, take his wealth to another shithole being destroyed by world zio-nazis???
You'll get the same effect showing a silver or gold eagle to a US millenial. Blank stare, or they'll want to give you face value for it with no concept of the current gold content price.
It became obvious that if the FDIC let the bank fail and 85% of the deposits would lose everything, including Oprah Winfrey, it would set off a monumental banking crisis nationwide. I could not scream that loud enough from the top of every roof in Washington. Sources say that since SVB was in California, the hopelessly leftist state, the lines lit up in Washington as the Democratic donors began to wail loudly and that forced the FDIC on Sunday to announce it would cover uninsured deposits at SVB and Signature Bank under its “systemic risk” exception. The “guy” to pull that off was most likely not common sense, but Democratic insiders and they saw their donation evaporate in the middle of the night.
Biden had also claimed that:
“Investors in the banks will not be protected. They knowingly took a risk and when the risk didn’t pay off, investors lose their money. That’s how capitalism works.”
Meanwhile, Goldman is now predicting that Jerome Powell and the Fed wont raise rates at the next meeting, and overnight markets are up 400 points. Ain't life grand.
Like the post says. DONT SELL THE FARM TO BUY GOLD OR ANY ONE ASSET CLASS. Stay balanced, lest Mr Market takes you out to the woodshed to school you.:)
In fairness to Peter Schiff who I have a 3 stooges pie ready for..
Schiff tweeted tonight:
You couldn't be more wrong. Government guaranteed bank accounts are a major part of the problem. We need capitalism in banking, not socialism. Having a sound banking system requires banks to compete for customers based on safety. The moral hazard of deposit insurance prevents it.
This was not a bailout. During the GFC, the gov’t injected taxpayer money in the form of preferred stock into banks. Bondholders were protected and shareholders were diluted to varying degrees. Taxpayer money was put at great risk. Many people who screwed up suffered minimal to no consequences. Those were bailouts.
Here, shareholders and bond holders have been wiped out. The
@FDICgov
insurance fund capitalized by premiums paid by banks will absorb any losses. The fund will recoup any losses by assessing more premiums on the banks.
Had the
@FDICgov
@USTreasury
and
@federalreserve
not intervened today, we would have had a 1930s bank run continuing first thing Monday causing enormous economic damage and hardship to millions.
More banks will likely fail despite the intervention, but we now have a clear roadmap for how the gov’t will manage them.
Bank boards and managements have received a massive wake up call. Being a director or CEO of a bank that fails is no fun: years of litigation, regulatory investigations, personal liability, potential civil and criminal charges, and enormous reputational damage.
Our gov’t did the right thing. This was not a bailout in any form. The people who screwed up will bear the consequences. The investors who didn’t adequately oversee their banks will be zeroed out and the bondholders will suffer a similar fate.
Importantly, our gov’t has sent a message that depositors can trust the banking system. Without this confidence, we are left with three or possibly four too-big-to-fail banks where the taxpayer is explicitly on the hook, and our national system of community and regional banks is toast.
Our government did the right thing for the country. We are very fortunate it did so.
Matthew Crawford is the math genius and master statistician Kirsch uses to crunch his numbers. He agrees vax bad, but not to bet on a (vax induced?) bear market. He's unique because he used to design algorithmic trading systems for Goldman Sachs so he knows Wall St.
Its a great read *NOTHING HERE IS INVESTMENT ADVICE** and I personally value reading Kirsch, Crawford AND Dowd. They agree on many things.
The Big Short: A Warning About Ed Dowd's Market Predictions https://roundingtheearth.substack.com/p/the-big-short-a-warning-about-ed?
He warns about Steve Kirsch's new hedge fund too
He warns about both. Doesn't mean they can't make money. Just that NOTHING is a sure thing... not even close. Don't spend the grocery money.
https://roundingtheearth.substack.com/p/kirsch-capital-equities-fund-buyer-ef8
Athenian Owls, on the other hand, are adorable, still cheap, and create wonderful teachable moments for learning real history https://rg.ancients.info/owls/
You should do a post on this, I have not seen any where else
https://tass.com/defense/1587077
Tass the official news of RUSSIA, lays out since 2017 that mRNA is a bio-weapon and that current pfizer project is NOT "GOF" ( gain-of-function, is 40 year old tech ), this is called "Directional Evolution"
New Gates post 2017 PURPOSE of mRNA is forward/reverse the evolutionary process, ergo the clot-shot is a dumb-bomb to make the zio-nazi penal colony populations into house-pets
This is new stuff coming out of the treasure trove of UKRAINE bio-weapon lab shit
Do you people get it???
Not sure the point of this article, for the proper picture, read marc fabers "tomorrows gold", where spends an entire book on golds history and place in the world, and how county's come & go, and real estate is quite often the last place you want to be long-term
So, gold is not like bitcoin its not a get rich quick ponzi scam
Gold is like 'insurance', you don't buy it to get rich, you buy so that if there is a fire you still have something of value
Take right now SVB, if all your cash in a bank that gets closed and now all banking on internet and your bank goes 404, then its real nice to have some gold stashed on the farm;
If you live in a place that easy to buy&sell gold, however in USSA its tracked by GOV and most people digital-paper gold aka ETF "GLD", which is like being in SVB if your brokerage goes '404'
Buying gold, well buy low, sell high; should have bought +10 years ago at 800, or even earlier at 400, now at almost 2k is a pleasant return, but GOLD is never to be sold
I think in ASIA they get it right, everybody keeps about 5 ounces, called 10 tael ( taels are little 1/2 oz bars frequently traded in asia)
In wars or pick up & go in ebb&flow of life, being able to run with $5k in your pocket allows you to start over in a new place;
How much GOLD?, most say about 5% of net-worth, where to keep? Most say if you don't hold it physically you don't own it;
How much do you pay? You buy it on a generational low and hold forever; Its BORING;
RIght now is a perfect example, war, banks are dying, people are losing their jobs, banks die, ATMS quit work, you have small gold bars can to get cash, and buy stuff you need;
Another thing I see is don't buy jewelry or coin, buy raw gold bars that carry NO premium when you go to sell GOLD they only pay you the price for raw gold so you lose any premium you paid; If you travel the world they only pay for raw gold, they don't care about numismatic value, they determine purity, the melt it form a bar, weigh it and that is what its worth;
I guess you travel on an airplane, then gold coins and/or jewelry is a safe means to get gold out, but if your stay in one locale the then gold bars 5/10 grams are your friend;
Good points, but Gold and silver have lost their mobility for Americans and most of the EU.
You already cannot transport gold internationally yourself, other than perhaps a few pre 1936 "collectors coins" or American Eagles. What most people do not realize is that hopping on a plane, even on a domestic flight, carrying more than $10,000 in cash gives them the right to confiscate it. They confiscated $181,000 in cash from a man on a domestic flight. They are making it impossible to move anything of wealth.
What if the gold is jewelry?
Wear and enjoy. For travel, they may ask what it's value is, but you have better chance I'd think.
Wearable gold if its a family heirloom and you don't intend to sell sure wear it, but if your an INTL man on the move, then you don't want to be carrying anything they can steal from you;
I think its ok to carry a wad of cash, under $10k, stuffed in a fanny bag, just tell them its for prostitutes and your on vacation, almost all these TSA guys are retired MIL, make them think your one of them, best advice is dress and wear your hair like a MARINE :)
Don't dress an behave like a drug smuggler or mule;
As always when in ROME do as ROMANS
...
Preferable post COVID, is don't fucking travel at all and have already left the occupied zio-nazi countrys
I would say, that if I were younger, I would be on a boat sailing around the world, a decent boat doesn't cost much, if you buy it in the right place, say Galveston after a storm I see a lot of cruise worthy offshore sailing boats for $20k online
Problem is when you get older it sucks to be pulling up a 200LB anchor & chain daily 100' off the bottom, living on the ocean is the best life and following the weather to safe anchorages.
If you have a sailboat, its really easy to cut out the lead keel place gold and cover back up with lead, just saying; I'm not too old to do it, just too comfortable where I'm at,
Joshua Slocum sailed around the world at 55, and returned at 65 and went and did it again, and built his own boat by hand, but that was 1906 when men were men, ... but just do-it is the best advice, you can grow your veggies catch fish, eat crab&lobster & shrimp everyday, keep one beer around per day, that's the one treat all off-shore sailors partake
Sleep during the say at sail, by heave-too, and skipper at the helm at night, you do that not to get sunburn, and other will see you in the day, but you must keep watch for ships at night;
Jewelry sucks dick, because when you buy it you pay a 50% premium when you sell it they only pay for its weight in gold so its better just to buy a gold-bar, with zero premium.
These days you don't travel with GOLD, its just something you bury or hide near the house, where even the dog&wife don't know that you even have it, remember if somebody else knows you have gold, then your gold will walk away.
Gold is insurance for when the paper-money becomes worthless, and it always does, average life 45 years, and the current USD is now 50 years old, so its time is up; The thing about GOLD as an asset is that its liquid easy to sell;
"Only gold is money all else is credit" - jp morgan 1910
That said if you travel say USSA to dubai or HK, then wearing a $10k necklace of gold around your neck wearing lots of perfume and dressing like an arab will draw nobodys attention, but when you go to sell that necklace you lose you 50%
BITCOIN is much the same way, you have to pay 20% premium and then when you sell at a public park you have to offer a 20% discount, so you lose 40%, which is why I think its better to do binance accounts in asia that offer person-2-person online with almost zero discount.
Gold is extremely 'liquid', if you live in free countrys, and the USSA is a prison colony, and has been since 16th century, history is bullshit, just like Australia a UK commonwealth prison colony.
You seem to be interested in mobility of wealth, maybe you should write up that topic.
Regarding 'gold' I would say if you have GOLD in the USSA, and your leaving, then you should arrange a transfer of ETH at public park for that GOLD, no records, and then say go to HK and open binance account which still can be done, so long as your in a 'free country', then sell your ETH to private party's on your binance who can transfer to your acct, even in HK or asia, 'throwaway accounts' and debit cards can be found where you can then get cash at ATMS, or meet the party who wants ETH at the park for a bag of cash in HK, again can easily be done in ASIA.
I think ETH makes more sense, its more like GOLD at $2k,
Like I was saying earlier, IMHO you walk into a gold shop in Singapore with your 1936 collector coin, he will determine purity, weigh it and pay what its worth, finding a numismatic dealer of western coins in ASIA probably exists, but you would be drawing attention to yourself, when in ROME do what the 99% majority are doing;
A Great place in ASIA is Malaysia at Penang, its like star wars bar when it comes to money changers and gold shops, and its a real nice place to hang out and cheap, with good food;
Another thing in Malaysia is Singapore-Dollar&USD are extremely valuable on black-market, so if your travel a lot from USSA, bring over $9,999 cash on every trip, stash with your gold, and then exchange for some land if you need a base;
Make a list of country's that have super easy 'residency' laws, once your a resident then you don't need to show your passport to open an account, if you bother to learn the local language where every you go, and do local support, even the local cops will cover your arse.
I want to see this on your blog, with pictures. I'm getting tired of Jim Willey, Doug Casey. You are henceforth the new...(cue Skyfall by Adelle)..International Man!
No thanks, I spent 20 years sailing around the world drinking beer with guys like McAfee, never make yourself a target.
I'm just trying to feed ideas;
I have no passion for fighting the system, its going down; Just get out, before the shooting begins; That's why I really like to quote Faber; My favorite quote is "Never be there during a civil war, get out before shooting begins",
Lots of morons say I will stay & fight in USA, but like Marc says, during a civil war, people go cannibal, they rape and murder familys, unless watching your family getting raped & eaten is your thing, then get the fuck out;
I can except that like the last civil war, once over, its possible to go back on buy entire towns for a small handful of gold, so you just have to NOT be there during the shooting;
Another thing is exit, like Nazi germany smart Jews left 1932, post 1938 nobody on earth would accept a refugee from Germany, same now USSA is set to de-populate 2025, you wait until the 12th hour, even Mexico is going to be shooting gringos at the border.
...
The problem with casey, willey, like everybody on substack here ( not you ) is there all pimping little people for nickels;
The real deal is to do the Marc Faber or Jim Rogers, get an old motorcycle, tour the world, see where the best women and best food is at, and then learn the language setup a base camp, figure out how to make money so you can retire early;
I already did my 4 posts per year a few days ago, I'm done; I will probably do a few more days of comments and then stop posting;
Like PJ-Rourke (journalist) said years ago "Political journalism is the most destructive thing to the soul, 5 years took 20 years off of my life".
See I will tell you a little secret, you fight them and for everyone you take down, 100 more pop up like ever-ready bunnys'. Then at the end of the day like the COVID hysteria left&right, everybodys an asshole, there are no good people;
Just look right now TRUMP released the COVID as act of war on CHINA for CIA, with POMPEO, and what the FUCK, his base wants him back in 2024;
Then BIDEN, the soiled diaper on the face crowd too want permanent face diapers and mRNA shots, and even when they get IQ 50, they'll say "May I have another"
Fuck politics and FUCK USSA its zio-nazi owners, but its sheep are NOT worth fighting for. I call TRUMP base alt-woke, cuz they're morons, and the woke are of course non-binary asshats, the point is that everybody is a freak;
Here, like Hersh (nordstream), but this is how TRUMP&POMPEO unleashed COVID on the world to destroy CHINA, RUSSIA, & IRAN; Of course it blew back in their face as nobody except western (zio-nazi colonys) gimps accepted the mRNA
https://www.unz.com/runz/the-alt-covid-community-begins-unraveling-the-origins-of-covid/
Well if your still in the USSA, your an idiot or fool; The writing on the wall was 2008, or about FINRA time, EU much of the same I call them zio-nazi occupied country's while 10% of the worlds population they are the least free places on earth, not only since y2k 911, has USSA made it impossible for ma&pa to run a biz, during after COVID its just plain toast;
That's the one thing of BITCOIN or ETH is moving assets abroad, another is diamonds up your ass or taped on the bottom of your foot, lots of ways, you can test when glass your travel the TSA scanners, but MOSSAD has been moving diamonds forever up their ass in condoms, but that was before the current scanners in USSA, but there is always tricks,
Rhetorically answering your question, this is WHY you leave dodge before they make dumb fucking laws ( or actually enforce them ), for instance post 2012 they made opening bank accounts pretty much impossible abroad, nobody wants a USA citizen, too much paperwork.
Mobiity is a different issue, that's why I said I didn't understand your post? Was it about insurance, get rich quick, safety, or mobility?
Good things to talk about, perhaps we should rhetorically beat the horse back & forth;
In my mind the problem is always 'keeping the money' in all human history making money is easy, always hard to keep, jp morgan and jd rockefeller were fond of saying.
Like Marc's book 'tomorrows gold' who knows? Same for 'money' who knows, same for mobility, safety, insurance
But the real issue is earning it especially for young people now, I think the USSA with its woke non-binary agenda & shutting down ma&pa is creating a parasite society, who in the fuck wants to live in that, besides not the point in the rest of the world, outside of colonial zionist-nazi assholes life is good, an commerce is bustling, First & foremost if young get out of dodge, and collect your gold and you will never return to the prison colony called USSA
So…where should I go so I’m not a “fool”?
(Jeopardy song playing in the background)
The first rule of gold club is never discuss gold club
It was rhetorical.
Fight club reference :)
Good to see Mossad can take as well as give. Rogering that is. I'll go the shoe route meself!
Subject : Moving Wealth out of the zio-nazi occupied colonys
Scotch taping $50k USD worth of small pieces of glass on the soles of your feet, I don't see how you couldn't get through.
The only problem is having reliable sellers in NYC, and reliable buyers in Tel-Aviv, or vice-versa, that's the complexity, works well for the Mossad as they back&forth both;
ASIA doesn't do the diamond thing, girls just want gold;
Africa trades diamonds, but they have little value;
There must be a way for GOYIM to play this game, but I will leave this for other to investigate;
One idea is that Arabs buy all this shit so dubai, qatar, .. might be a play to buy your diamonds say in NYC, and then fly to dubai get cash or ETH/BTC, then forward to Singapore or Borneo to R&R
Good points, although my friends who bought into New Zealand bunkers after 2008 feel like they were directed into the lions den and want out. I read Fabers book when it came out around 2012 along with Jim Rogers motorbike investor book. Has he done a new edition?
I recall reading on an investment forum about a Venezuelan migrant intent on fleeing the communist government and trying to redeem his gold in Caracas, but no one knew what it was worth. Prospective buyers would literally scratch their head and return to what they'd been doing before being interrupted by something of no obvious interest.
That's why I'm saying you go to ASIA, where there are 100's of gold-shops every few meters and you will find buyers & sellers in nano-seconds
Of course you go to Caracas people are starving nobody has food, what the fuck are you going to with GOLD?
Also like I'm saying you escape civil-war areas you don't go there, why in the fuck would a person escaping the USSA prison, take his wealth to another shithole being destroyed by world zio-nazis???
You'll get the same effect showing a silver or gold eagle to a US millenial. Blank stare, or they'll want to give you face value for it with no concept of the current gold content price.
Bill Bernstein has long recommended 2 or 3% portfolio gold, if you so choose.
Sounds balanced, "safe and effective" :)
The letters representing university trained investment advisors has you just as frightened of that profession as people are with MDs.
but but ... but ...................
There does NOT appear to be any historical precedent for the stock market to collapse by 50%, all tangible assets to turn to dust, and only gold will survive given a banking crisis where Biden and Yellen sit on each other’s hands and do nothing. Trust me. Every major Democratic donor will be screaming https://www.armstrongeconomics.com/world-news/banking-crisis/the-1933-bank-holiday-can-it-happen-again/
It became obvious that if the FDIC let the bank fail and 85% of the deposits would lose everything, including Oprah Winfrey, it would set off a monumental banking crisis nationwide. I could not scream that loud enough from the top of every roof in Washington. Sources say that since SVB was in California, the hopelessly leftist state, the lines lit up in Washington as the Democratic donors began to wail loudly and that forced the FDIC on Sunday to announce it would cover uninsured deposits at SVB and Signature Bank under its “systemic risk” exception. The “guy” to pull that off was most likely not common sense, but Democratic insiders and they saw their donation evaporate in the middle of the night.
Biden had also claimed that:
“Investors in the banks will not be protected. They knowingly took a risk and when the risk didn’t pay off, investors lose their money. That’s how capitalism works.”
https://www.armstrongeconomics.com/world-news/banking-crisis/houston-we-have-a-serious-problem-in-biden-administration/
1996... Sure LOOKS like Bitcoin
https://gettr.com/post/p2bghase739
Learn some Mandarin.
China will dethrone the United States to become the world’s leading economic powerhouse by 2032.
It’s just time.
https://www.armstrongeconomics.com/international-news/china/toxic-currencies-good-for-the-yuan/
Meanwhile, Goldman is now predicting that Jerome Powell and the Fed wont raise rates at the next meeting, and overnight markets are up 400 points. Ain't life grand.
Like the post says. DONT SELL THE FARM TO BUY GOLD OR ANY ONE ASSET CLASS. Stay balanced, lest Mr Market takes you out to the woodshed to school you.:)
Ed Dowd who I enjoy following but has also placed his entire reputation and wealth on economic collapse
Twottled "Once the 3 Month T-Bill trades below the Discount window of 4.75% the bond market will force the Fed to cut interest rates.
It won’t be bullish long term.
The Fed was forced to cut in 2007…bottom was 2009.
Same thing in 2000 they began to cut…bottom was 2002.
Longer dated paper like 2 years are down 40 bp.
Deflationary forces are winning."
In fairness to Peter Schiff who I have a 3 stooges pie ready for..
Schiff tweeted tonight:
You couldn't be more wrong. Government guaranteed bank accounts are a major part of the problem. We need capitalism in banking, not socialism. Having a sound banking system requires banks to compete for customers based on safety. The moral hazard of deposit insurance prevents it.
Bill Ackman tweet tonight: Can't say I disagree..
This was not a bailout. During the GFC, the gov’t injected taxpayer money in the form of preferred stock into banks. Bondholders were protected and shareholders were diluted to varying degrees. Taxpayer money was put at great risk. Many people who screwed up suffered minimal to no consequences. Those were bailouts.
Here, shareholders and bond holders have been wiped out. The
@FDICgov
insurance fund capitalized by premiums paid by banks will absorb any losses. The fund will recoup any losses by assessing more premiums on the banks.
Had the
@FDICgov
@USTreasury
and
@federalreserve
not intervened today, we would have had a 1930s bank run continuing first thing Monday causing enormous economic damage and hardship to millions.
More banks will likely fail despite the intervention, but we now have a clear roadmap for how the gov’t will manage them.
Bank boards and managements have received a massive wake up call. Being a director or CEO of a bank that fails is no fun: years of litigation, regulatory investigations, personal liability, potential civil and criminal charges, and enormous reputational damage.
Our gov’t did the right thing. This was not a bailout in any form. The people who screwed up will bear the consequences. The investors who didn’t adequately oversee their banks will be zeroed out and the bondholders will suffer a similar fate.
Importantly, our gov’t has sent a message that depositors can trust the banking system. Without this confidence, we are left with three or possibly four too-big-to-fail banks where the taxpayer is explicitly on the hook, and our national system of community and regional banks is toast.
Our government did the right thing for the country. We are very fortunate it did so.