Being just a small fish in a huge ocean, I really wish us common plebs could determine some kind of timetable. We've been watching this thing crash since 2006; we personally were able to make some really great decisions during that crash because we were paying attention, which is great. But in the end we still were just lucky, because we managed to do so in time - even though everyone around us thought we were crazy. We are just a household. Doing this kind of thing has restricted our household cash flow because we have only a small amount to work with. Even with our strategy, we are so small we are still at huge risk.
Yes, but, it’s not an unlikely scenario that if the dollar ceases to be the world currency that the US government would once again confiscate all gold . Question: since you and I aren’t the only ones who know what’s happening, isn’t it likely that the elites (superclass) are actually driving this train off the cliff on purpose because we are at the breaking point with the rising debt and dropping GDP ? They want a great reset . They do not care who starved or loses everything. Great Depression round two. Reset the US economy and usher in a new global currency.
can some one help me with the flows of cash back to the US. The way for someone to "get rid of the dollar" means they have to buy something in exchange, right? So they are "panic buying" when they "panic sell" their dollar. The liquidation of the IBM stock gives them more dollars, which would mean more panic buying of something from someone that is willing to hold US dollars. Does this mean that we should expect the trade deficit to suddenly become a trade surplus? Demand for US goods/services goes up because of the "panic buying"? Dollars flood back in to the US so costs of goods/services in the US goes through the roof (as denominated in US dollars)? Is that an accurate description of the scenario? Does that look like record profits for US companies or just massive shortages of "stuff"?
I'm so tired of hearing that gold is a scam, from the establishment financial industrial complex. Thank you for putting this so succinctly!
Being just a small fish in a huge ocean, I really wish us common plebs could determine some kind of timetable. We've been watching this thing crash since 2006; we personally were able to make some really great decisions during that crash because we were paying attention, which is great. But in the end we still were just lucky, because we managed to do so in time - even though everyone around us thought we were crazy. We are just a household. Doing this kind of thing has restricted our household cash flow because we have only a small amount to work with. Even with our strategy, we are so small we are still at huge risk.
How did you go bankrupt? Two ways. Gradually at first, then all at once. ~Ernest Hemingway
Hi Peter - great article, really well explained
Thanks for that.
Ivan
Yes, but, it’s not an unlikely scenario that if the dollar ceases to be the world currency that the US government would once again confiscate all gold . Question: since you and I aren’t the only ones who know what’s happening, isn’t it likely that the elites (superclass) are actually driving this train off the cliff on purpose because we are at the breaking point with the rising debt and dropping GDP ? They want a great reset . They do not care who starved or loses everything. Great Depression round two. Reset the US economy and usher in a new global currency.
typo "But if do foreigners want a crapload of dollars, "
Brilliant
Good Article, check out my stuff as well: https://theamericanfreedomchatroom.substack.com/p/inflation-bonds-overnight-reverse
Thank you! Very helpful. I am very happy I subscribed to your site.
Very good article, but it missing links to sources of information. Providing them increases your credibility. Cheers!
Here here!
Just found your substack, and subscribed.
Thankyou.
Michael1964
can some one help me with the flows of cash back to the US. The way for someone to "get rid of the dollar" means they have to buy something in exchange, right? So they are "panic buying" when they "panic sell" their dollar. The liquidation of the IBM stock gives them more dollars, which would mean more panic buying of something from someone that is willing to hold US dollars. Does this mean that we should expect the trade deficit to suddenly become a trade surplus? Demand for US goods/services goes up because of the "panic buying"? Dollars flood back in to the US so costs of goods/services in the US goes through the roof (as denominated in US dollars)? Is that an accurate description of the scenario? Does that look like record profits for US companies or just massive shortages of "stuff"?