He is waving his arms regarding inflation, as usual for economists.
Inflation is the inevitable result of the method of money creation we have now. The Federal Reserve creates most of the money spent into circulation, but they create it as an interest-bearing debt. They neglect to create the money to pay the debt back, however. So the only thing the debt (the National Debt) can do is increase exponentially. The debt is serviced from tax revenues and it enriches the banksters no end. That's how they fund their operations, which basically amount to the creation of a background government. Inflation is also an inevitable side-effect.
Please refer to Secrets of the Federal Reserve (Mullins), The Truth in Money Book (Thoren and Warner), The Federal Reserve Hoax (Vennard), or Creature from Jekyll Island.
Harry Browne recommended in 1970’s a portfolio of 4 pieces, gold, cash, equities and long bonds. That was a great long term portfolio. Today, it might serve one well. However, I would lean towards commodities over long bond ahead.
??? I thought it was ANY amount. ☹ HA! Hoffman was my maiden name too many decades ago! 😄 Apparently it was originally Hoffmann (Jewish?) but the last "n" was
Late to the comments, but wanted to get anyone's take about our local hospital - It, and its affiliate branches are reorganizing it to a "non profit" - so weird - I wondered if everyone lost confidence in the system as I did and they are hemorrhaging money or if this is a bigger plan to march us towards socialist medicine. Anyone know? It says: "We're currently conducting an evaluation of Lee Health's business structure. Explore all available documents and dive deeper into the process by learning more here." https://www.leehealth.org/lookingahead?fbclid=IwY2xjawFMYNNleHRuA2FlbQIxMQABHdeGtnTiv3wARiVwT7ALRaSt-Mah8RN1xbIZcGSfpDcUr5X0EDxUwxoLUA_aem_VL2Lbl6tuGNn9-VSeLw0rw
I am holding gold coins in my hands and you are telling me it’s an illusion? Money losing 98% of its value since the creation of the federal reserve, while gold moving from $20 an once to $2,500 is not an illusion, I am not sure what you are talking about… Trying to convince yourself that it’s not a good time to buy gold? Up to you, but it is a very good deal to trade fiat money losing value daily for a real asset that moves in the opposite direction
CD
He is waving his arms regarding inflation, as usual for economists.
Inflation is the inevitable result of the method of money creation we have now. The Federal Reserve creates most of the money spent into circulation, but they create it as an interest-bearing debt. They neglect to create the money to pay the debt back, however. So the only thing the debt (the National Debt) can do is increase exponentially. The debt is serviced from tax revenues and it enriches the banksters no end. That's how they fund their operations, which basically amount to the creation of a background government. Inflation is also an inevitable side-effect.
Please refer to Secrets of the Federal Reserve (Mullins), The Truth in Money Book (Thoren and Warner), The Federal Reserve Hoax (Vennard), or Creature from Jekyll Island.
Dedollarisation and currency competition is not necessarily a bad thing and could yield more peaceful outcomes in the longer term.
Harry Browne recommended in 1970’s a portfolio of 4 pieces, gold, cash, equities and long bonds. That was a great long term portfolio. Today, it might serve one well. However, I would lean towards commodities over long bond ahead.
Me wonders! Just how easy is it to spend silver and gold? 🙄 The U.S.
Gov has a record of it bought legally (as with guns.) In the near future
can "they" come and gather them up? ☹ HA! Seems that the evil powers
that be want us OUT of COLD HARD CASH! 😲 They want us to charge
(leaving a paper record.) They start rumors about a financial "reset" or
change of cash. (Remember the Amero?) I will keep purchasing with
dollars . (Helps my mind!) and stick with my land line phone.
I will STAY WELL NATURALLY! 😊 EarthClinic.com I post publicly and freely
on MeWe. ETERNAL LIFE BLESSINGS FOR YAHWEH'S SAINTS! 👨👩👧👦
Our local gold dealer said that any time you buy $10,000 or more worth of gold (and other precious metals?) they must report it to the government!!!!
??? I thought it was ANY amount. ☹ HA! Hoffman was my maiden name too many decades ago! 😄 Apparently it was originally Hoffmann (Jewish?) but the last "n" was
dropped when they came to America.
Late to the comments, but wanted to get anyone's take about our local hospital - It, and its affiliate branches are reorganizing it to a "non profit" - so weird - I wondered if everyone lost confidence in the system as I did and they are hemorrhaging money or if this is a bigger plan to march us towards socialist medicine. Anyone know? It says: "We're currently conducting an evaluation of Lee Health's business structure. Explore all available documents and dive deeper into the process by learning more here." https://www.leehealth.org/lookingahead?fbclid=IwY2xjawFMYNNleHRuA2FlbQIxMQABHdeGtnTiv3wARiVwT7ALRaSt-Mah8RN1xbIZcGSfpDcUr5X0EDxUwxoLUA_aem_VL2Lbl6tuGNn9-VSeLw0rw
My take on the so-called U.S. health system?
BIG HARMA A.K.A. NOTHEALTHCARE! "practices" on and kills US
while "lining their pockets!" 😲 My suggestion? SURVIVE and STAY WELL
NATURALLY! 😊 EarthClinic.com I post publicly and freely on MeWe.
ETERNAL LIFE BLESSINGS FOR YAHWEH'S SAINTS! 👨👩👧👦
Thank you for posting your EarthClinic.com site information.
Gemma, I find it helpful but some suggestions I would not follow. "Word of Mouth Healing" can be a great tool! 😊
Dr Wolf,
Precious metals are a good hedge, but will not make you rich.
A long time ago a very rich person tried to corner the silver market. He went bust because the silver producers just mined more silver.
It's rumored that the Ugandans are sitting on millions of tons of gold reserves.
Can gold become less expensive than copper? It's possible.
My guess is if this true a monopolistic cartel will form to keep the gold market stable. Just like De Beers controls the diamond market.
Naomi & team - I need help sorting out my paid subscription.
Please check your DMs in Chat. Or your Substack email. It's been almost a week now, and I can't get a response.
Gold won't matter in a real recession. It's as big of an allusion as money.
I am holding gold coins in my hands and you are telling me it’s an illusion? Money losing 98% of its value since the creation of the federal reserve, while gold moving from $20 an once to $2,500 is not an illusion, I am not sure what you are talking about… Trying to convince yourself that it’s not a good time to buy gold? Up to you, but it is a very good deal to trade fiat money losing value daily for a real asset that moves in the opposite direction
I think they are going to take our gold.
Because of this concern, I'm buying gold coins from a dealer who keeps no records according to a friend who has been buying from him.
I'm also going to contact the Birch Gold group for IRA money.
Good luck to them…