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I think it is some guy having a forum on the internet where he can talk for 20 minutes and hope people will listen.
At the end, Warren Buffett talks about people possibly resorting to the behavior of hoarding cash since negative interest rates make physical cash worth more than cash in the bank. That's an interesting concept, but not really new.
If interest rates are -0.5% or +0.5%, who really cares? It still means that bonds and cash really suck next to equities. A negative rate won't make me want to hoard cash or take up a gold position. The are are other things that would make starting a position in gold look good, but absolutely nothing to make me want to have more than $1,500 or so in cash on hand.
He's not really pumping gold, but just pumping his youtube channel.
The views he puts out on collapse and bank runs and people getting locked out of their ATMs are also interesting, but to have it happen in a major country or the US just seem far fetched. The ability to pump out paper currency is too strong to have that happen as more than a glitch or minor event.
I don't like the idea of getting rid of the $100 bill or 500 euro note because the idea of that being a way to fight illegal narcotics is stupid. It might make it reasonable to do large "cash" transactions like selling your personal car or boat or some guns in gold, but for most people, it would be stupid. I think the US should bring back the $500, $1,000 and $5,000 bills. Maybe even the $10k note. It would be a chance for social engineers to put all kinds of people on currency.
Oh no! Christopher Green.... the same know-it-all conspiracy nut who was carrying on about the Boston Bombing being a false flag attack. Christopher is like Alex Jones on steroids. In his mind the government is to blame for EVERYTHING under the sun. We are living a real life George Orwell 1984 book.
Sure enough he's calling the EgyptAir disappearance a false flag. Hilarious!
interest rate ain't high so I have it mostly in cash, he recommenced gold but other then gold what should you invest in?
US is a powerful country, USD collapse won't happen that easily will it?
I love that guy! I never heard of him before so I watched some of his other videos. I don't agree with some of what he says, but he is very passsionate about what he does.
I don't see dollar collapsing or being replaced by gold or any other currency for a long time.
Surely SDR basket will be more important and we may see some currencies gaining a little bit, Euro for example.
What gold bugs don't get is our financial system is so complex that gold or any other precious metals basket can not let our world function sufficiently.
But if you believe the FED or other central banks will weaken these currencies further you can have a chunk of your portfolio in gold or gold mine stocks...etc.
Or real estate can be attractive as well, i'm always saying this.
With weak supply RE will go up and may outperform stocks!
I love that guy! I never heard of him before so I watched some of his other videos. I don't agree with some of what he says, but he is very passsionate about what he does.
LOL What that he says do you agree with? That the Boston Marathon bombing was a "false flag" US government attack on itself? That any plane that gets hijacked is a "false flag" US government orchestrated attack?
LOL What that he says do you agree with? That the Boston Marathon bombing was a "false flag" US government attack on itself? That any plane that gets hijacked is a "false flag" US government orchestrated attack?
None of that stuff. I agree with him on the economy as in it has been papered over since 2008, and that we are heading towards a bigger crash than 2008.
I agree with him on the economy as in it has been papered over since 2008
What does that even mean?
Since 2008 the unemployment rate has dropped, the economy has (slowly) expanded, retail sales that drive the economy have risen, credit card delinquencies have fallen, the stock market has risen, corporate profits have gone up, bankruptcies have dropped.
This isn't a great economy by any means but compared to 2008 is night and day.
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