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Veniversum 4 years ago.
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Careful Frank…if you keep calling Veni out like this he is going to question your credibility.
Veni, Beer, Doc: I think it’s a more fruitful debate if everybody is civil with each other, instead of calling partcipants ‘morons’, posting Straw Men, etc. Those are just the ones in front of my mind, not targeting specific participants over others here…
I would argue that Federal taxes are the real problem. From what I understand roughly 50% of federal taxes go to our war machine, none of which is wanted by the majority of americans (as evidenced with the election of peace loving Obama who then quickly became I’llbombya once in office) So, yes, this is theft. If you LITERALLY spend half of the federal taxes on things that the majority of PEOPLE do not want, that is theft. No way around it really. No argument to be made. Consent was not even given CONSTITUTIONALLY for the war in Iraq nor the war in Libya. Both wars have laid waste to once stable countries and caused MASSIVE refugee problems as well as the rise of ISIS. So, once again, these taxes are theft. The money is not used constitutionally, nor is it used with the people’s blessing. Incoming administrations that are voted in by saying they will break from the former administrations agenda and then just double down on all of it is where the crime really happens. It is theft, it is criminal, it is unconstitutional, it is not democratic. Two party theocratic oligarchy is what it is.
In the US, according to the most recent spend-o-rama pie chart, ‘Defense’ comprises 21% of federal spending http://www.usgovernmentspending.com/federal_budget_pie
At least in the Olden Days, we were honest and called it the Department of War, not the Department of Defense. Oh well, you know, 1984, War is Peace, Peace is War, Winston. What does the ‘Department of Defense’ do, anyway? Make defense? Hell, no, they make WAR.
Health Care, Pensions, and Interest make up 60% — there isn’t much of what is oft-termed ‘discretionary’ spending to cut, it’s mostly entitlements… and interest.
I’ll-bomb-ya? Never heard that one. But Obama, to his credit, has not started any large, expensive NEW wars, unlike his predecessors. Let’s not forget: Georgie Sr. & Kuwait : American Reality: Making the world safe for Kingdoms vs American ideals of ‘Making the World safe for Democracy’.. And ‘Junior’: Iraq and Afghanistan. Personally, I think a better strategy after 9/11 — on 9/12 — would have been immediate end to all foreign aid. No more money to Egypt. Or Israel. No troops on the DMZ. It wouldn’t save much money(<1% of budget), but would prevent people from hating us for supporting people they didn’t like, e.g. Israel. This used to be called ‘isolationism’. Friends to all countries, enemies to none.
And, true energy independence — total elimination of all taxes — corporate, personal income, and capital gains — for all domestic oil companies and anyone liquefying coal, including nuke plants used to generate steam for liquefaction (once fracking is overly expensive). I’d call this the ‘oil price drop bomb’. Truly the Mother of All Bombs to be dropped on our ‘friends’ in the Middle East — a kinder, gentler, ‘price bomb’, a true ‘revolution’ time bomb when their petro-economies would fall like dominoes & they’d have to work for a living, after overthrowing their princes and Imirs, of course.. Our response today, should be the same strategy with fracking — it should be an utterly tax-free enterprise. That’s the best way to f~~~ them. And none of our men die. Let’s call it the $15-a-barrel bomb. Then let the US oil *exports* begin for real fun and games — a true bloodletting! Watch their sovereign reserves quickly drop to zero… Then negative… OOPS, out of money! Hell, maybe we can get Saudi Aramco back too when the al Saud Kingdumb collapses — after all, it was ours before it was stolen! I generally dislike big government solutions that favor one industry, but in this case, after pancaking the WTC, I’ll be inconsistent. The lost tax revenues would have been nothing compared to the cost of Iraq + Afghanistan wars.
Just let Beer and Doc be ignorant. Old dogs dont learn new tricks.
Anonymous24Just let Beer and Doc be ignorant. Old dogs dont learn new tricks.
Doc literally dodges bullets. If I make a great point, he does not even try to refute if even when I call him out. He just ignores it as if I never even said a thing. This has happened in multiple threads over time. I guess he has read Sun Tzu the Art of War, because if he cannot win a battle, he does not engage. It is a comical, but effective strategy.
The working classes are better off than they were in the past. Mostly due to technology (productivity improvements). And more stable governments, albeit, kleptocratic ones.
At the end of the day, you seem to be arguing the anarcho-capitalist position: In such thinking, no taxes are valid; income tax is theft of my income; sales tax is theft. If I don’t pay taxes on my income, I’m thrown in jail, so you could argue I have no freedom. Property tax is theft. As stated previously, all of this is well and good IF all government services are provided by private entities — roads, schools, defense, police, fire, etc. Since they aren’t, you ARE using these services.
You seem to be advocating government comprise 0% of GDP. IF that is the case, how would you pay for these services? And how do you get from here, to there? Well, the only way would be to organize & vote it in, start a revolution, or move somewhere and start your own nation-State (Galt’s Gulch).
If you get in an automobile, you ought to have to pay for roads and their maintenance. If you call the fire department if/when your house catches fire, you should have to pay for that.
The working classes are *most definitely* NOT better off than they used to be. A single income used to support an entire household. Now on average it takes two incomes. Roads for the most part are built and maintained by private companies. Sorry to bust your bubble, but I know this for a fact because I used to be in the heavy equipment business. Most of the equipment used now is rental equipment from companies like RDO Equipment Co. They rent the equipment, or repair existing equipment. We do not need a middle man bureaucracy to squander extra dollars away. I don’t have a problem with paying for roads. I do have a problem paying for products I do not need and do not use, especially upon threat of violence. At what point are we paying enough taxes? 35% is income tax. Probably another 10% sales tax. Then we have to purchase licenses and permits, and insurance, etc. 50%? At what percentage do we all say “This is enough!” 60%? Really.. where do we draw the line? Why should anyone be working class? In the end like 40% of our check goes to the government mostly for services we don’t use or need, and then we get to make someone else rich by generating passive income for them while they ride the gravy train. I really don’t see why anyone would even want to be working class. I wonder how the ruling class is going to continue to convince people that they should be while asking them to accept less pay, less dignity, and support everyone above them. It’s too much.
You didn’t refute a single one of the irrefutable points I presented…all you did was question my credibility with nothing to back your claim up. That sir, is an ad hominem attack…its the equivalent of calling one full of s~~~ with nothing to substantiate your claim…just a little more politely Call it what you want, you can’t change what it is, and considering you dodged every one of the absolute bullet proof points I made in that post, consider yourself DEMOLISHED.
Indeed. I don’t see why anyone should spend 12 years delving into subjects that have knowledge they will rarely or never use, when they could be focused on things they have a passion for, and interest in, and increasing their skills at their focus.
Great idea…we should be asking 5 year olds what they want to major in. Oh…wait…
I didn’t “question” your credibility. You made your own credibility questionable by resorting to sophistry, Ad Hominem, and Straw Man fallacy. I don’t need to refute your points. I didn’t consider them relevant, except the one about guns, which I openly agreed with you on. I’m not going to argue with you just for the sake of arguing. If I have something to say, I will say it. You didn’t refute my points either, and mine were first. You haven’t demolished anything, you just wish you had because you are making all of this about yourself instead of about the subject at hand. Is your self esteem really so low that you need to feed an ego by imagining yourself demolishing some other person in an argument rather than the argument it’s self? If so, I really pity you. I won’t be responding to anything you say any longer. I don’t have to seek validation by beating someone in an argument. Rather, it’s my goal to mutually discuss the truth, arrive at a conclusion, and then together take action based on that conclusion to create a better world. It seems to me that it’s more important to you to cut people down, and I arrived at that conclusion because that’s exactly what you have been relentlessly attempting to do. It’s a good thing I don’t allow your opinion to constitute my self esteem. You have a right to your opinion, and I have a right not to care what it is. I do not need validation from you. It sounds to me like you need validation for yourself.
Careful Frank…if you keep calling Veni out like this he is going to question your credibility.
Veni, Beer, Doc: I think it’s a more fruitful debate if everybody is civil with each other, instead of calling partcipants ‘morons’, posting Straw Men, etc. Those are just the ones in front of my mind, not targeting specific participants over others here…
I would argue that Federal taxes are the real problem. From what I understand roughly 50% of federal taxes go to our war machine, none of which is wanted by the majority of americans (as evidenced with the election of peace loving Obama who then quickly became I’llbombya once in office) So, yes, this is theft. If you LITERALLY spend half of the federal taxes on things that the majority of PEOPLE do not want, that is theft. No way around it really. No argument to be made. Consent was not even given CONSTITUTIONALLY for the war in Iraq nor the war in Libya. Both wars have laid waste to once stable countries and caused MASSIVE refugee problems as well as the rise of ISIS. So, once again, these taxes are theft. The money is not used constitutionally, nor is it used with the people’s blessing. Incoming administrations that are voted in by saying they will break from the former administrations agenda and then just double down on all of it is where the crime really happens. It is theft, it is criminal, it is unconstitutional, it is not democratic. Two party theocratic oligarchy is what it is.
I have always been civil. I will call people out for using sophistry though, because it isn’t a valid form of argument. Straw man fallacy is particularly unacceptable because it supposes that the speaker made a completely different argument than he or she actually did. Ad Hominem and name calling are also disrespectful and so I believe people should refrain from those, however they do have freedom of speech so they will use it. I wouldn’t lower myself to use those. I agree with you about Federal Taxes, which is why I asked the question, “How much is too much?” If taking 50% or more of your pay isn’t slavery, then at what percentage is it? It’s way way out of control, and it’s only going to get worse if WWIII kicks off. This post is about work, so it’s only natural for it to have evolved into a fiat currency conversation, which is backed by labor. Laws compel people into the work force. If you had to sell the idea to someone that they should be working class, why should they? Really? I mean if you’re going to have half of your pay confiscated, lose your dignity by being compared to office wealth people, and get on a hamster wheel carrot on a stick financial stasis train running the engine full throttle in neutral gear, why bother? I think I’d rather be homeless and jobless than working class. Spend my days reading books. Either middle class or better. At least if you are homeless you might get to keep all of the money you make, and if you can avoid getting arrested for fishing or hunting you can make your own living. Get some seeds, plant fruit and nut trees in uninhabited forest areas. Drink fresh water. Everyone in my area that is working class are *absolutely* miserable. ALL of them. Not a damned one of them actually like their jobs. I don’t blame them. They live paycheck to paycheck. I left their job to learn code and become middle class. Once I get fully setup with learning my trade, I will probably leave the country. I can do my job from anywhere on earth, online. I agree that nations should have to compete for citizens. Eventually they won’t like losing though, and they will try to lock people down. As Andrew Henderson would say, “Go where you are treated best”
The hyperinflation of 1921-3 is still fresh in the minds of German people. Americans, thinking themselves exceptional, think themselves immune to the laws of economics and even basic mathematics in many cases, so I would wager that they will see a hyperinflation of their own.
Just let Beer and Doc be ignorant. Old dogs dont learn new tricks.
The hyperinflation of 1921-3 is still fresh in the minds of German people. Americans, thinking themselves exceptional, think themselves immune to the laws of economics and even basic mathematics in many cases, so I would wager that they will see a hyperinflation of their own.
I’m of German descent and it’s fresh in my mind. People are just comfortably numb. They are so comfortable and secure that they believe they are invulnerable. It’s going to be a rude awakening. At this point, I just don’t see how the money masters can keep the game going. Once you have printed so much money, it becomes worthless. History repeats it’s self. It’s terrible the amount of suffering the people have endured at the hands of the world central banking cartel.
Just a thought. No matter what currency is used or whether society will fall apart or not, there is one thing that is always there: you. If I am able to do what Cipher does in the future, I would work on increasing my value and using the knowledge I accumulate, I can expand my network of allies across a diverse group of people. If society continues, I can use my variety of skills to maintain a steady income. If society collapses, I am still a skilled individual and my network of people know that, so I would imagine I would be relatively well off.
Basically, whether gold, paper money, bartering, or bottlecaps, it is always us providing a product or service for someone else in order to get something in return. The more skills we have, the more opportunities we have to acquire whatever commodity or bargaining power we need. I choose investing in myself.
Veniversum: First, let’s discuss worldwide poverty. Poverty is in decline.
http://www.pewglobal.org/2015/07/08/a-global-middle-class-is-more-promise-than-reality/
In 2001, 29% of the world’s population were poor; in 2011, 15%. Bear in mind, ‘poor’ in this context, means living on under $2/day. In the ‘rich’ world of the West, specifically, the US, we are extremely rich. among the 16% of world population living on over $20/day. Indeed, many of us, are among the richest 7%, living on over $50/day — I am truly in the land of milk and honey. Granted, living expenses are higher in the West than in LDC’s.
Despite what the headline states, middle income, $10-$20/day, has nearly doubled from 7 to 13%. All of this in 10 years, and in purchasing power parity so as to exclude inflation caused by funny money (fiat currency for latecomers to the thread). So, while the majority aren’t in the middle, it certainly is increasing. God Bless economic growth.
Of course, none of what I just discussed, is ever even mentioned in the lamestream media. All they ever focus upon, is income INEQUALITY. Not whether a rising sea, raises all boats. And not on how many people are living in desperate poverty on less than $2/day. That is because this data, does not serve their political agenda.
Next, let’s discuss America. A detailed picture requires we look at the top, median, and bottom. http://www.russellsage.org/sites/all/files/chartbook/Income%20and%20Earnings.pdf
Everything was doing quite well until around 1970. Then income growth declined. For instance, from 1947-1979, the bottom 20% of household incomes grew 104%. From ’79 to 2012, it dropped 4.4%. Every other quintile showed increases; the second 20% showed a 4.2% increase; the third quintile, 13.0% increase.
So, the bottom 40% have been rather flat for ~35 years (-4.4 averaged with + 4.2% = ~0%). Before that, they experienced considerable increases. So that, is a far more precise definition of what I meant when I said the working classes were ‘doing better than they used to be’.
What happened since 1970, the year I was born? The oil embargo. True fiat currency. Increased global competitiveness in manufacturing; a transition to service industries; use of computers and higher demand for high-skill office workers. Now, low-skill workers are not seeing the income increases they once were. At the same time, there are MANY jobs for higher skilled workers that go unfilled.
I disagree about the single/double income. Women’s participation rate went from about 50 – 60% from 1978-2012 when this data was plotted. And they earn less. And I know plenty of Christians who have a 1-earner household with the simp in charge. How do they do it? The same way they did in the 1970’s. They don’t have a lot of extras; they have one car, a modest home, no fancy vacations around the world.
Now, what is the answer to income inequality? More laws?
Or perhaps the answer is NOTHING should be done — i.e. the lower 40% should gain skills and move up to the top 20% — that would be my position. Or learn to live on less. I live like the bottom 20% as far as spending and I’m happy.
There are a lot of other factors going on here too, such as rich men less likely marrying poor women and elevating them, say, an upper 20% marrying a lower 20%, but it would take forever to go into all that. It’s harder for women to find a simp to ‘marry up’ that many strata anymore.
The hyperinflation of 1921-3 is still fresh in the minds of German people. Americans, thinking themselves exceptional, think themselves immune to the laws of economics and even basic mathematics in many cases, so I would wager that they will see a hyperinflation of their own.
You should think german people are more aware of hyperinflation than americans, but actually the vast mayority over here is not aware of it as well.
I once had coffee with my dad, my mom and her friend…both teachers.. smart and read plenty of books and so.
It somehow came to that topic, because of her friend so i asked them.
“So how does money gets created in your opinion?”Their answer: “money gets created by work”. And that will be the regular answer over here in germany.
Work is the golden cow anyway in Germany. Before 2015 we didnt have a minimum wage and there were people working fulltime for less than you get from the welfare-system if you dont work at all. Im not kidding you, it really was like that until recently. Most people will work any job for no more money than they will get anyways, because you get shamed bigtime if you dont have a job in germany and will be outcasted. You are expected to work for 700 Euro a month, even if you get 800 Euros for doing nothing at all.
About gold:
Another example from Germany.
After WW2 1945-1948 you could buy a nice car for 2 gram of gold or a HOUSE for 3 gram of Gold.
Its just amazing how most people nowadays think investing in gold is stupid, but thats because they dont believe that the money-system will crash, which mathematically will happen 100%.
Although having gold was prohibited after crashes in the past often and they will probably do that again, where as silver never has been prohibited and is the better investment I think not only because of that but because throughout history the price of gold compared to silver was 1 to 15 and it was 1 to 3 at one time. Now its about 1 to 80. I would have a few more arguments to favor silver over gold, but not going to explain because takes too long and anyone can do that on their own too.
Goldman Sucks bought a ton of silver about 2 years ago, while telling everyone that precious metals arent a good investion right now, hehe these mfockersDont know whats going to be the best investion for the future, because it will be different this time. I dont go into details now, because this would take hours. Maybe precious metals wont perform so great this time…but the fiat money will do the worst.
Also property is at risk. Another thing 99% of germans dont know, we have no property rights basically. The government can confiscate our houses by martial law and even if they dont…at least my parents wont have to sell their house for 3 grams of gold at any time, because of me.
Anonymous24I’ll-bomb-ya? Never heard that one. But Obama, to his credit, has not started any large, expensive NEW wars, unlike his predecessors. Let’s not forget: Georgie Sr. & Kuwait : American Reality: Making the world safe for Kingdoms vs American ideals of ‘Making the World safe for Democracy’.. And ‘Junior’: Iraq and Afghanistan. Personally, I think a better strategy after 9/11 — on 9/12 — would have been immediate end to all foreign aid. No more money to Egypt. Or Israel. No troops on the DMZ. It wouldn’t save much money(<1% of budget), but would prevent people from hating us for supporting people they didn’t like, e.g. Israel. This used to be called ‘isolationism’. Friends to all countries, enemies to none.
Last I checked I’llbombya bombed the s~~~ out of Libya, and said he did not need Congressional approval because no boots were on the ground, so it was not a war. He has drone bombed people in at least 7 countries and changed the definition of combatants so that they would not have to count civilians who were in the vicinity of the targets that died as well. He has openly killed American citizens without trial. Continued the war in Afghanistan, continued the war in Iraq, supported rebels and maybe even ISIS in Syria. And the topper- He is the first Nobel Peace Prize winner in history to BOMB another Nobel Prize winning entity… So yea, I am gonna go out on a limb here and say that I’llbombya/Obomber are two great nicknames that are going to stick in the long run. (don’t get me wrong, I have no love for the Bushs or Clintons either, or Nixon as long as we are on the topic of presidents)
Other than that I enjoyed your post, and agree with you on most fronts. We certainly should have distanced ourselves from Israel long ago, and demanded they solve their problem with the Palestinians. Either by giving them citizenship, or letting them have their own country. Instead the U.S. keeps using the power of veto in the U.N. on Israel’s behalf to eternally deny Palestine statehood. Oh, and we should stop giving them money. They have been the number one recipient of foreign aid since 76, and they are a small and already wealthy country. If our excuse for destroying Libya was for humanitarian violations, then we certainly should be flattening Israel. Israelis killed about 2k Palestinians last year, and it never makes the news. Palestinians killed 41 Israelis and all we hear is “OH VEY! THE TERRORISTS!!!!”.
the knowledge I accumulate
that could be the best investion out of all, i agree!
Veniversum: First, let’s discuss worldwide poverty. Poverty is in decline.
http://www.pewglobal.org/2015/07/08/a-global-middle-class-is-more-promise-than-reality/
I disagree about the single/double income. Women’s participation rate went from about 50 – 60% from 1978-2012 when this data was plotted. And they earn less. And I know plenty of Christians who have a 1-earner household with the simp in charge. How do they do it? The same way they did in the 1970’s. They don’t have a lot of extras; they have one car, a modest home, no fancy vacations around the world.
Now, what is the answer to income inequality? More laws?
Or perhaps the answer is NOTHING should be done — i.e. the lower 40% should gain skills and move up to the top 20% — that would be my position. Or learn to live on less. I live like the bottom 20% as far as spending and I’m happy.
There are a lot of other factors going on here too, such as rich men less likely marrying poor women and elevating them, say, an upper 20% marrying a lower 20%, but it would take forever to go into all that. It’s harder for women to find a simp to ‘marry up’ that many strata anymore.
*Of course* worldwide poverty is in decline. That’s because the Federal Reserve, the World Bank, and the IMF are funneling all of the wealth out of the US into those countries, as well as businesses taking advantage of offshore tax loopholes, and corporations moving their business out of the US. All of the dollars are leaving. You can disagree about the double single/double income situation all you like, but I get my information directly from the people. Around here people don’t stand around and stare at their phones. They talk, and share their life’s experiences. I am absolutely certain that when they tell me it was much easier for a man to carry his family, that what they say is true. We’ve already also established that the cost of college has risen by over 1100%. Also you can compare the purchasing power of the dollar back then to now, and look at how much purchasing power people have lost. Look, income equality is not an issue for me. I also don’t believe that it is for any of the other participants of this discussion. I stated before, and will reiterate that anyone who calls for income equality can speak up, but no one has. I’m ok with people gaining the skills that they need to make themselves more valuable. My problem is not with people who build their businesses from the ground up with honest labor. My issue is with the legislation that clamps serfs into serfdom. If you want to perpetuate the wealth of the rich, and pay people money just for having money, that’s fine. I’m asking for the system to discontinue perpetuating the poverty of the poor, through the legislative mechanisms, and the financial constraints that are put upon qualifying a person for a higher income, and a more fulfilling purpose in life. I’m asking for the complete abolishment of the ten planks of communism in the US, and abroad, the backing of currencies with a commodity instead of labor, and the return of the bargaining power of the working class. I’d like to see hourly wages abolished. Personally, I’d rather get paid a flat amount for each job that I would accomplish, and not be limited to how many jobs I could do. Most of the freelance software developers I speak to, charge an exact amount for a job and refuse to work for an hourly rate. One in particular, told me he despises hourly rates because it creates a situation where the client attempts to manage his time. I can identify with that. As for living with less, hearing that type of rhetoric gets old. A person can only hear “accept less pay”…”accept less pay” so many times before becoming disgusted by it. It’s absurd that the people who work the hardest are rewarded the least. I’m not asking for it to even be fair.. but to be honest there was a time when a person could get an ordinary job and be financially independent. Now that’s a hell of a lot more difficult to do, as more employers are requiring college educations for even simple jobs now. As far as computer programming goes, there are going to be 3 times as many jobs in it by next year, than they have computer science graduates. If they want to get somethings done, they are going to have to take people in who know how to code. This is extremely fortunate for a person like myself. None of the issues that I have been talking about were just about me. I’m telling you that on a daily basis I am seeing miserable people. Everyone is demoralized. People get tired of getting a loan to go to school to get a job to purchase a car to get them to their job to pay for school and then never being able to have any financial independence because by the time they get money saved up, the car breaks down. The working class is tired of people who hardly work at all telling us that we don’t work hard enough. We’re tired of people telling us, after we’ve worked every dirty disgusting wtf ever job to live that we have this “too good to work” attitude, especially by people who believe they were too good to do the jobs that we do. The injury is bad enough, we don’t also need the insult. If the ruling class really wants to keep this game going, they need to first restore dignity to the working class, because if they quit, it’s game over. Division of labor will be ruined without someone providing the ungrateful spoiled children their every day needs. We want our respect back.
I suppose that my views on German views on hyperinflation were coloured with my understanding of the Bundesbank’s modus operandi that favoured low inflation even at the alleged expense of high employment. I was advised that this was so on account of fears of a hyperinflation.
I suspect that silver will outperform gold; that’s why 65% of my wealth is in there. Some of my favourite coins are doppelthalers from the German states that had a silver standard.
In passing, I have a bunch of 3,11gm (1/10 troy ounce) coins; perhaps you could advise me as to real estate purchases if the investing climate becomes favourable.
The hyperinflation of 1921-3 is still fresh in the minds of German people. Americans, thinking themselves exceptional, think themselves immune to the laws of economics and even basic mathematics in many cases, so I would wager that they will see a hyperinflation of their own.
You should think german people are more aware of hyperinflation than americans, but actually the vast mayority over here is not aware of it as well.
I once had coffee with my dad, my mom and her friend…both teachers.. smart and read plenty of books and so.
It somehow came to that topic, because of her friend so i asked them.
“So how does money gets created in your opinion?”Their answer: “money gets created by work”. And that will be the regular answer over here in germany.
Work is the golden cow anyway in Germany. Before 2015 we didnt have a minimum wage and there were people working fulltime for less than you get from the welfare-system if you dont work at all. Im not kidding you, it really was like that until recently. Most people will work any job for no more money than they will get anyways, because you get shamed bigtime if you dont have a job in germany and will be outcasted. You are expected to work for 700 Euro a month, even if you get 800 Euros for doing nothing at all.
About gold:
Another example from Germany.
After WW2 1945-1948 you could buy a nice car for 2 gram of gold or a HOUSE for 3 gram of Gold.
Its just amazing how most people nowadays think investing in gold is stupid, but thats because they dont believe that the money-system will crash, which mathematically will happen 100%.
Although having gold was prohibited after crashes in the past often and they will probably do that again, where as silver never has been prohibited and is the better investment I think not only because of that but because throughout history the price of gold compared to silver was 1 to 15 and it was 1 to 3 at one time. Now its about 1 to 80. I would have a few more arguments to favor silver over gold, but not going to explain because takes too long and anyone can do that on their own too.
Goldman Sucks bought a ton of silver about 2 years ago, while telling everyone that precious metals arent a good investion right now, hehe these mfockersDont know whats going to be the best investion for the future, because it will be different this time. I dont go into details now, because this would take hours. Maybe precious metals wont perform so great this time…but the fiat money will do the worst.
Also property is at risk. Another thing 99% of germans dont know, we have no property rights basically. The government can confiscate our houses by martial law and even if they dont…at least my parents wont have to sell their house for 3 grams of gold at any time, because of me.Jeff Berwick from Dollar Vigilante was recommending silver as well. He noted that governments have a tendency to confiscate the gold of their subjects and cited historical events where that happened.
In passing, I have a bunch of 3,11gm (1/10 troy ounce) coins; perhaps you could advise me as to real estate purchases if the investing climate becomes favourable.
Key is to be able to hold on to your silver during the crash.
Very likely prices for food will increase dramatically.
If you only have silver you will have to spend it in order to survive and wont get much in return.
Therefore I have a few packs of rice, noodles etc. stored. Alot of calories in the smallest spaces, durable for a long time. I eat about 10 packs of rice a year and so I would have to buy rice anyways. The packs are durable for 1 year, so i always have 10 packs of rice at home.I wouldnt even think about real estate purchases right now. The time when you were able to buy a house for 3 gram of gold in germany was immediately after WW2 was over.
When the crisis is over and future looks good and you still have gold/silver left, then will be the time for real estate purchases.Yes. My free time is nearly priceless. People who pretend not wanting to work is morally wrong are trying to profit off you.
Especially when you aren’t relying on the system to subsidize you.
Nothing wrong with working very little as long as you don’t have your hand out.
The Children of Doom... Doom's Children. They told my lord the way to the Mountain of Power. They told him to throw down his sword and return to the Earth... Ha! Time enough for the Earth in the grave.I see no reason to abstain from bleeding the beast so long as one is also starving it.
Yes. My free time is nearly priceless. People who pretend not wanting to work is morally wrong are trying to profit off you.
Especially when you aren’t relying on the system to subsidize you.
Nothing wrong with working very little as long as you don’t have your hand out.
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