Saving In Gold

[Jacob Petersheim]

Changes and control happen. Trump's new Fed head might cause some more changes. Trump has crypto on his radar. To me, crypto is a money pulled out of the air. Digital, not much better. But then, I will never be rich.

Trump and his Cabinet have mostly been talking about Stablecoin.

This is crypto based in its mechanism and involves "digital wallets" to hold balances and make payments. But the "value" is based on something, not just conjured. The "something" can be Treasury Bills, or physical gold, or something else like shares in a company or operation. For example a Stablecoin might hold farmlands held in a trust. These accrue value through tenant farming by farmers who lease the lands for use. Or oil and gas fields, or shipping ports, or even groups of factory holdings or mines.

I'm not big on the idea, but as I hear more details it begins to make a kind of sense.

 

[Mary Stetler]

Trump and his Cabinet have mostly been talking about Stablecoin.

This is crypto based in its mechanism and involves "digital wallets" to hold balances and make payments. But the "value" is based on something, not just conjured. The "something" can be Treasury Bills, or physical gold, or something else like shares in a company or operation. For example a Stablecoin might hold farmlands held in a trust. These accrue value through tenant farming by farmers who lease the lands for use. Or oil and gas fields, or shipping ports, or even groups of factory holdings or mines.

I'm not big on the idea, but as I hear more details it begins to make a kind of sense.

Treasury bills are easily inflated out of the ether.
We will see.

 

[Jacob Petersheim]

Treasury bills are easily inflated out of the ether.
We will see.

Huh? They are debt, sure. But that does not make them non-assets. Your debt is the bank's asset.

Maybe you don't understand what inflation is. Inflation is the printing of more currency against the same asset. A non-currency annot be "inflated."

 

[Mary Stetler]

I have three syblings. Two of which are wealthy. They invested in real estate on credit. Paid off with rents. They increased in value over time--some periods more than other. Same with gold and silver. Which was controlled until their real value was realized. Then they exploded. Land, timber, some equipment...tangible assets. My house will always be worth a house.
Yes, I have bought bonds. Lately the price goes up because the buyers went down.
If you read the fine print, even your money is the banks asset.
When things unravel, my house is worth a house.
I have no debt.

 

[Marie Miller]

Every time SO went on an

Huh? They are debt, sure. But that does not make them non-assets. Your debt is the bank's asset.

Maybe you don't understand what inflation is. Inflation is the printing of more currency against the same asset. A non-currency annot be "inflated."

Basic banking.

 

[Mary Stetler]

The Federal Reserve, a consortium of private banks has been inflating and deflating our currency and bonds since inception. Our money is worth the confidence of the people.'
That and $2.50 will get you a cup of coffee.

 

[Jacob Petersheim]

The Federal Reserve, a consortium of private banks has been inflating and deflating our currency and bonds since inception. Our money is worth the confidence of the people.'

The story behind that is even more alarming.

We actually got into serious trouble under Woodrow Wilson. He was nearly as much a puppet as senile old Biden.

But our problems in the US go back even further. Thomas Jefferson was widely held to have "gone bad" if not "rogue" shortly after the Revolution. He went home and doubled down on his role as a slave-holding aristocrat and took actions that more than bordered on treason. His dealing with the British led directly into the planning for the Civil War, the Confederacy a literal creature of the City of London. That entire chapter of history was about reversing the Revolution and destroying the US. This war rages even today.

And yes, establishment of the Federal Reserve is linked to that.

We don't even know how FDR died. There was never an autopsy, pretty unusual for the death of a sitting President.

So much stuff I always laughed off, like most people, as wacky conspiracy theories have been shown to be true. Worse yet, they've been known to be true for a very long time. Control of the media is control of the narrative. This too is a work in progress. I was shocked recently by a visit to the local public library. Books have been "rotated" out of existence, replaced by post-modernist takes on everything. Stuff like Norse Mythology only have a very few books, and they all paint it as "hypermasculinity for stupid men" and some call it "Nazi creative fiction." A book on Ancient Greece straight up claims they were black Africans, and that people only thought they'd been white people because of the unpainted statues now left behind being pale marble.