Our system is starting to implode. Never in the history of human civilization have governments demanded taxes on income requiring reporting every year. This was the gift of Karl Marx. Just as this Egyptian tax on the transfer of land (see article for illustration) we see that property taxes and a form of sales tax were the norms. NOT INCOME TAX!!
We are going BUST not because of the money we use, but because of the abuse of power in government which has always existed since ancient times.
Trust me. Forget gold standards. They will never work because all governments act only in their own self-interest. You should have learned that with COVID. They will never admit any mistake EVER! It is far better to keep gold on our side of the table and we can then use it as a hedge against governments. They are seeking to move to digital currencies ONLY so they can track when you hired the 16-year-old girl next door to babysit for you so they can go after her for the government’s 50% share.
Yep, cyclicality, seasons, even Tony Robbins gets it!
The entire problem that people do not grasp with regard to any return to a gold standard is that if the money supply is FIXED in any way, that necessitates the collapse of SOCIALISM. The two are directly linked. Politicians only know how to run with deficits. Vote for me and I will give you this or that!
Read the article, and sign up for free updates from Armstrongs blog here (just trust me. I don’t have time to explain, but I’ve been in touch with him for almost 20 years and he’s brilliant (spelling not so much though)
Find my post from last year “The Forecaster” for a mind-blowing film (free access link.. shhhhhh) if you want the deep dive.
READ (*nothing here is evee investment advice. Ask your advisor. Do your own legwork Nd due dilly. Always)
Hold on and Be Fearless. It’s going to be one hell of a ride, but it’s an important one.
As the Chinese blessing goes,
“May You Live in Interesting Times”
The Chinese symbol for “Crisis” is a combination of “danger” and “opportunity”:
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/
NOW we have Klaus Schwab and George Soros who are pushing for world war perhaps because they are so old and do not expect to be here anyway – so why not take a bunch of us with them? Like an Egyptian Pharoah who has all his servants killed upon his death to travel with him to the next world to serve him.
https://www.armstrongeconomics.com/uncategorized/what-is-really-behind-the-rise-in-interest-rates/