Ok, so I'm late to the party on the "End the Fed" thing. I get what the Fed banks are doing, that we need to return to gold backed notes or whatever, but how is this reset supposed to work? Would cash be worthless? What about debts? Is there a good place to put your investments to mitigate against this happening? I don't live in the U.S. (Canada eh!) but I know whatever happens with you guys happens to us in short order. What's the plan?
So far Q has said the Fed won’t go away - but will change in “structure”. So I’m essence we don’t know at all as it is an ambiguous statement.
Basically what would be best for us all is backing the currency w gold and having our own reserves. That would mean short of 100% authoritarian global technocracy - where fiat kensianism goes total tard ( nobody, anywhere backs their currency w reality ) - we could actually see US monetary policy “revert”.
Sooooo the first inevitability is a %20 - %40 market correction where that much “wealth” in stocks / bonds just evaporates. That’s the shitty part about publically traded anything is something is always over-valued and it’s musical chairs for the dummies to sort who dies first in the electric chair. It’s like a Russian roulette for alpha bravos using other folks’ money and not risking shit of theirs.
So. Poof,
Now when that happens ( did today a bit ) we enter “at play” status where more curious shit comes afoot.
How bad is the correction? If it’s bad enough POTUS and Congress could float some major fucking changes - the sky is the limit.
What I would like is:
1) We see an instant call to destroy derivatives and the holders of them.
2) We vaporize insolvent anything’s propped up by institutional bullshitery. If it’s not real debt bye bye.
3) Russia has hinted at wanting both previous points as has China via Xi specifically.
If we can get all currencies backed by silver etc we will be cooking w some major fire. We then kill income tax and go full tariff - world - wide.
No income tax kills a lot of corruption in the west. That leach would return the blood it would have been sucking off man and we see a fucking explosion of wealth and knowledge.
Each year the NSA actually seizes 3500 patents of “disruptive technology”
What I see as the underlying problem is that there is currently nothing of real value supporting any valuation of the currency. In the old days, a dollar was worth 1/42 of the price of a ounce of gold (for example). Theoretically, if there was 42 billion dollars in the economy, the banking system would have 1 billion ounces of gold backing it up. How do you value a currency after you unwind all the treasuries, derivatives, bade debt, etc.? To me, what it comes down to is "don't hold currency at all" in any form. Stocks are OK if they're actually directly tied to the company. As long as the company has non-financial assets that have value (buildings, product, etc. your stocks would be worth something. Likewise with real estate and land. These don't lose value completely. For sure, they'd be worth less, but they wouldn't be worthless. Financial instruments would be hard to value.
What about national debt? Some of that is owed to China and other nations, some I assume to the Fed. How does that get paid back? Do you pay it back with a severely devalued currency, and give these debt holders a 50% haircut? I guess I'm more interested in the personal finances, but obviously it would be closely tied to the national situation.
Right. It's going to be a huge thing as some people will get fleeced.
I'm curious though as I peruse around today in my typical society checks it seems a common meme of a "currency reset" has someone entered many of the circles I follow and they are saying this in terms of this weekend.
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14421151? ago
Ok, so I'm late to the party on the "End the Fed" thing. I get what the Fed banks are doing, that we need to return to gold backed notes or whatever, but how is this reset supposed to work? Would cash be worthless? What about debts? Is there a good place to put your investments to mitigate against this happening? I don't live in the U.S. (Canada eh!) but I know whatever happens with you guys happens to us in short order. What's the plan?
14422171? ago
So far Q has said the Fed won’t go away - but will change in “structure”. So I’m essence we don’t know at all as it is an ambiguous statement.
Basically what would be best for us all is backing the currency w gold and having our own reserves. That would mean short of 100% authoritarian global technocracy - where fiat kensianism goes total tard ( nobody, anywhere backs their currency w reality ) - we could actually see US monetary policy “revert”.
Sooooo the first inevitability is a %20 - %40 market correction where that much “wealth” in stocks / bonds just evaporates. That’s the shitty part about publically traded anything is something is always over-valued and it’s musical chairs for the dummies to sort who dies first in the electric chair. It’s like a Russian roulette for alpha bravos using other folks’ money and not risking shit of theirs.
So. Poof,
Now when that happens ( did today a bit ) we enter “at play” status where more curious shit comes afoot.
How bad is the correction? If it’s bad enough POTUS and Congress could float some major fucking changes - the sky is the limit.
What I would like is: 1) We see an instant call to destroy derivatives and the holders of them. 2) We vaporize insolvent anything’s propped up by institutional bullshitery. If it’s not real debt bye bye. 3) Russia has hinted at wanting both previous points as has China via Xi specifically.
If we can get all currencies backed by silver etc we will be cooking w some major fire. We then kill income tax and go full tariff - world - wide.
No income tax kills a lot of corruption in the west. That leach would return the blood it would have been sucking off man and we see a fucking explosion of wealth and knowledge.
Each year the NSA actually seizes 3500 patents of “disruptive technology”
We can see what the fuck that’s all about.
14422517? ago
What I see as the underlying problem is that there is currently nothing of real value supporting any valuation of the currency. In the old days, a dollar was worth 1/42 of the price of a ounce of gold (for example). Theoretically, if there was 42 billion dollars in the economy, the banking system would have 1 billion ounces of gold backing it up. How do you value a currency after you unwind all the treasuries, derivatives, bade debt, etc.? To me, what it comes down to is "don't hold currency at all" in any form. Stocks are OK if they're actually directly tied to the company. As long as the company has non-financial assets that have value (buildings, product, etc. your stocks would be worth something. Likewise with real estate and land. These don't lose value completely. For sure, they'd be worth less, but they wouldn't be worthless. Financial instruments would be hard to value. What about national debt? Some of that is owed to China and other nations, some I assume to the Fed. How does that get paid back? Do you pay it back with a severely devalued currency, and give these debt holders a 50% haircut? I guess I'm more interested in the personal finances, but obviously it would be closely tied to the national situation.
14430884? ago
Right. It's going to be a huge thing as some people will get fleeced.
I'm curious though as I peruse around today in my typical society checks it seems a common meme of a "currency reset" has someone entered many of the circles I follow and they are saying this in terms of this weekend.
Anyone hear anything?
14442268? ago
Nothing here.