Anything holistically accurate or likely in this doom and gloom economic prediction.
- Thread starter GON
- Start date
“new” and “better” for some but likely not better for 99% of the worlds population. US will be like England was when they lost their status.
Honestly mediocre part time aren’t really hiring either.
Even Harbor freight is being picky, job may require 7 days a week hours vary from a minimum of 12 hours up to ??? Must work weekends on demand even if assigned a weekday shift.
Most jobs on offer require 10-12 hour shifts 2-3 days a week swinging shift and between weekdays and weekends.
All the postings in the county are 3+ months old outside obvious scams.
Feels very much like 2009.
I work in the industrial space. We sell equipment to manufacturers. The manufacturing sector has been in recession for a couple years. People like us had a decent year last year, but the promised "onshoring" never happened. This year isn't so great.
I know lots of companies in this space - I have worked in it almost 30 years. Most are down substantially. Many are laying people off. No one is hiring. A couple years ago I would get 3 or 4 recruiter's a month calling and trying to lure me away. I haven't gotten a call in months - not that I care but its definitely a sign.
I know lots of companies in this space - I have worked in it almost 30 years. Most are down substantially. Many are laying people off. No one is hiring. A couple years ago I would get 3 or 4 recruiter's a month calling and trying to lure me away. I haven't gotten a call in months - not that I care but its definitely a sign.
The Rothschilds are being run out of business. The Fed as been absorbed into the Treasury. They don't get their 2% skimming anymore.
It's a new world coming with gold backed money.
There has not been enough gold mined since the dawn of time for this country, let alone the world, to go back to having 100% of its currency in circulation backed by gold. And with good reason.
Why would you limit your economic growth to how much of a given metal you can dig out of the ground? Even the United states who owns more gold than any other country by a considerable margin, (presently at over 8,100 tons), doesn't even entertain the thought of going back to a gold standard.
You are getting your info from those who want to hide the facts on the worlds economies and who is allowed to control them. And besides gold valued in dollars really means nothing unless you compare it to other currency values compared to gold too. There is plenty of gold. Just not enough of the current dollars.
There is nothing to hide. The amount of gold in existence, as well as who owns it, is well established fact. And it's nowhere near enough to sustain our economy, let alone the worlds.
What are you valuing an oz of gold with currently? When we go to a gold backed standard that is going to dramatically change in value. That's the fear for the US economist as they have ran the debt so high the dollar isn't worth a penny. compared to pre gold standard days.
Basel III. Ask your bank if they are in compliance.
https://www.bis.org/bcbs/basel3.htm
Yep, simplistic view from people that don't understand.
Even when we had a supposed "gold standard" - pre 1971 - most money was created by the banks via fractional reserve.
True the current monetary base has been distorted, but it has nothing to do with what its backing. The Brics, who are supposedly the ones creating this gold backed currency, have devalued their fiat infinitely more than we have. They make our corrupt central bankers look like boy scouts comparatively.
You could make the same argument for a house or a car or a bushel of grain. In fact comparatively many other things have gone up much more.
Correlation is not causation.
And yes, I actually do hold some gold. An many other valuable things as well.
My old Uncle commented on the bushels of grain that you had to put through a combine to pay for it. It pointed out you had to go big or get out.
The world banks aren't buying it up for nothing. It will be a shock to see gold at $20K or more....
You can keep believing in the strength of your dollar all you want but Washington DC is not getting the message. In fact I would say their goal is bankruptcy.
Rothschilds banking system. It's dead for the future.
The world banks have printed too much of their fiat. So there using worthless fiat to buy some asset that has value because their fiat will fail sooner than later.
US fiat will fail, but I guarantee it will fail last.
Not enough silver. Oil too hard to store. Grain rots.
Doesn't change anything.
What there is not enough of is dollars or fiat. That's what is getting reset. There is plenty of gold just not at $2000 a oz.
It’s a speculative venture.
Based on those that study “precious” and collectors markets (they are treated the same). The amount of interest worldwide amongst the youngest generations in appreciating collectibles is at best transitory,
AKA they only buy for an immediate or rapid payoff or as decorations/appearances.
Most of the younger generation are too far divorced from gold as a currency to care about it at all
so much so that long term collecting/investment in it is considered dead/non-viable .
Many more Collectors markets are dying out than being built, many perpetually appreciating assets with centuries long records of appreciation are going down in value. Many of the youngest generations have no interest in any retail possessions beyond food, clothes, phone.
it is believed that very soon if any major extended hardship Occurs gold may actually go down in value loosing its inverse relationship to fiat many discuss.
Only a few places in the world have an extensive fascination with gold as currency and most are the proverbial boomer.
It’s strongly believed that gold, diamonds, retail and collectibles are going to recede as the next generation ages as they show no interest in any physical products. Gold will become the next silver.
This is true. For several generations brides wanted place settings for their China collection, as a wedding gift.
Today you can buy that crap for pennies on the dollar at thrift shops. No one wants it anymore because you can't wash it in the dishwasher. Time marches on. And with it change as to what we value
Diamonds are a colossal rip off. You will have to throw all the old financial teachings out the door when we finally get back to real money. Gold will back the crypto too.
Who here is old enough to remember stamp and butterfly / insect collections? More junk for today's garage sales.
