I will post this on Reddit soon.
Hi, I'm Captain Dave and new to reddit. I run Economati blogspot. Here's what you need to know.
Wall St is just a symptom of the real disease which is that we have gotten conned into accepting fake money as if it were real. Simple as that. Fake money turns everything good on its head. Fake money is the engine of corruption and the energy source behind the GDP (Global Debt Ponzi). Russia and China are no real threats to our national security but insolvency is. The fake money has allowed exponential indebtedness to occur and the debt is now going straight up. We cannot repay it and so we will have to inflate it away, and that will kill your USD based paycheck and your savings.
The powers that be have their power by virtue of standing near the well of endless new currency - the corrupt private bank known as the federal reserve. Using this endless stream of fake wealth they can buy everything from aircraft carriers to fake political loyalty to private thug police forces. Heck they can even buy votes from sheeple straight up. Unlike you and I, those doing the spending never have to earn a dime of it. So they spend it on whatever and then just print more.
Those closest to the wellspring get first access to newly printed currency which they spend at present market value. But as that currency gets into the economy, the money supply is diluted and thus those using it after the first have their fun get less and less purchasing power from it. Its like a kid on a corner selling kool-aid on a hot day. The first people to have some get full strength good stuff but when the pitcher gets 80% drunk and the kid runs out of kool-aid mix and sugar then he just refills the pitcher with tap water. He still calls it kool-aid but its not the same as it used to be, its weaker and thus requires 2 glasses in order to sate the desire for a tasty beverage.
OK so those are the basics in a nutshell and if you want more details you can scan through these sticky posts from my blog. I wrote them 10 years ago and they are just as applicable today because they discuss the REAL fundamental that controls things - the fake money supply.
OK so let's say you agree. What can be done about it? In the long term, simply stop contributing to a 401k seeking corporate match and tax delays. Your wealth stored in this fashion is theirs to use in their fractional reserve banking scam. The dying and desperate government will just end up stealing it anyway. Go do some research on all the banana republics, they always either confiscate or nationalize the pension system. This is why government puts an early withdrawal penalty on your 401k. They say they are taxing you like that because they care for you and if you believe that then I sentence you to listen to George Carlin for 3 minutes of raw truth.
Instead, buy physical precious metals and store them in your own physical possession. After all, people used to understand that in a crisis possession is 90% of the law, because the law ceases to exist. You know, like what we see happening at the state and federal level right now. So that's what you can do personally and at the same time it will be an act of patriotism because it will speed the collapse of the fake money system which is eventually going to collapse anyway.
But wait, there's more. If the system is allowed to collapse slowly then it will be on their terms and at a time of their choosing. They will have prepared for it and they will come out on top as a result. They will just re-start the Ponzi with them running the show again. History is full of examples.
If you really want to collapse it on the terms of the people, you need to GME it. This was already discussed with respect to silver and that is why I am writing to you, the good young people of reddit today. What you need to know is that silver is not the weak attack vector that you seek. Gold is certainly not. It has $10 trillion above ground supply. Silver is weaker but still there are trillions of dollars worth of above ground silver to feed a buying attack. You need to attack something that has little supply. In order to drive rapid change you need to drive exponential demand into something with low and not immediately moveable supply.
The REAL weak link is thus platinum. There is currently less than $10 BILLION with a B worth of above ground platinum. It is far rarer than silver or gold and we all know that value is supposed to derive from scarcity as it is the entire thesis behind Bitcoin. There is a reason that platinum eagles carry a face value of $100 while gold eagles are only marked at $50 face value.
Platinum is the Gamestop of the precious metals market, and precious metals are the kryptonite of fake money. If the dollar price of precious metals begins to skyrocket and people wake up to the fact that this is real money then its going to get a lot of real attention. If platinum goes up to 30 or 40 thousand USD per troy ounce then don't you think it will turn wall st on its head and slap it on the ass? Yes it would.
Is that even possible? Yes, we know that it is because bitcoin hit those levels and it's just a virtual currency. There currently exist 18 million bitcoins and market cap on bitcoin is ~$650 billion today. In contrast according to the jd bullion link above there are only 8 million troy ounces of refined platinum bullion on the planet today and it's total market cap is an unbelievably small $10 billion. Platinum, it seems, is far more rare and yet as of today far cheaper than bitcoin!! Since rarity is the investment thesis behind bitcoin, physical Platinum is a better bitcoin than bitcoin.I don't need a ledger if I have a physical token in my hand.
And if platinum took off then silver would follow much easier. Each dollar that goes into real money, which is gold, silver and platinum (AKA commodity money) is one less dollar that the establishment can use to further its corrupt agenda of making the rich richer and everyone else into a slave.
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