the dollar
Peter Schiff, global strategist at Euro Pacific Asset Management, warns that record gold and silver prices signal an imminent US dollar and sovereign debt crisis that will collapse the American economy while benefiting the rest of the world.
5 replies on “Funeral for”
One can only hope and wait. When the dollar becomes worthless, rich Murkan boomers will suffer the most. Murkan money won’t support passport bros in their gook getaway countries either. It won’t affect the poor blue-collar Murkan whites that much.
I know next to nothing about economics, so I don’t know how the euro will be affected when the dollar bubble bursts.
I’ve saved up over 600 euros in silver coins.
Maybe I’ll bump it up to 800 this Spring.
Gold is way above my paygrade.
I’m never going to waste money on crypto.
Honestly, I think the World Economy is intertwined and is one big theater. It is a ruse. In other words the U.S.A. & Russia/China are the main characters in this show that we see on the news each day. It is a rigged game and they can make it continue on and on. Truth be told the Stock Market Crash of 1929 in the U.S.A. did not “just happen” but was made to happen. That sort of thing.
Although, like you, my primary interests are in gold/silver mining stocks (and indeed physical – I mentioned tertiary interests to you on my full portfolio before, such as fine art paintings), I’m glad he confirmed in this that the commodities sector in general is set to boom over the longer term, this just being the beginning.
I’ve had secondary interests for a while now in branching out into other mines. Platinum; palladium; rare earth metals; uranium actually. The latter is another one Rick Rule recommended, as far as I remember – thinking of a surge in nuclear energy usage as green tech proves more and more inefficient. I’m not sure when full on energy devolution is predicted to hit, but I gather that’s still later in the century.
I think the important thing for the moment is to consolidate our ownership of mining stocks, given that it’s easier to acquire at these low shares prices than it would be to continue stacking physical coins at the same rate. I’m glad I got in on physical reasonably early, and may continue to stack on a small scale when happier with my stocks, but for the moment, focusing on mining companies (and ETFs of such) is easiest.
What could we achieve (even) with our small group here, if everyone, to the best of their financial ability, made the most of this opportunity before costs become prohibitive? It’s inspiring to consider.
The American empire is over.
Trump is pretty much making sure that the empire has a stable dismantling, for the sake of his international bosses and their business.
This is good. Your dream is becoming reality, herr Cesar. Without its power, America can’t keep its military pressence globaly, and its collapse will be inevitable without a major nuclear cathastrope.
The world will be a better place after that.
When the Stock Market crashed (1929) and many farmers lost the land guess who ended up owning the land: The Banks.