Post by
BullionGirl on Aug 29, 2021 4:35pm
JUST TAKE A LOOK AT THE REAL WORLD !
The coronavirus epidemics are just the final nails in the coffin of government competency. Around the world governments have been printing money in a attempt to project normalcy. Does anyone think things are back to normal ? For years now they've been trying to buy prosperity. Things don't work like that. Governments are not the solution of our economic problems. They are the cause ! And now there is growing concern over inflation and hyperinflation. Look at the fundamentals. Investors are so concerned about interest rates.The fact is that interest rates CAN NOT move significantly higher for the foreseeable future! The latest figure I saw for the US national debt was $44 trillion! Every 1% increase in the borrowing cost means the government would have to pay an ADDITIONAL $440 Billion in interest ! It would eat up too much of its revenue! They cannot afford it. Higher interest rates would also kill the economy. So how are governments going to deal with these enormous piles of national debt ? INFLATION ! Inflation is caused by government spending and it is the friend of governments. Governments will use inflation as a way to reduce the real value of their debts. And Government also gets the added bonus that inflation will kick all the tax payers into higher tax brackets! Of course, the public are always expendable. When prices go up, it's not that things are actually worth more, it's that your government play money is actually worth less and less. So that's the state of the world and this is the future to come. The only way people can protect themselves is through acquiring REAL ASSETS that will gain value in terms of your government play money - real estate, precious metals, commodities. Some people have been pushing cryptocurrencies. These are simply high tech computerized electronic boxtops. They are little more than Ponzi schemes. Their operating principle is to get in early, and more importantly, get out before everyone else does! I own a lot of shares in Fury. I bought them because Fury holds a lot of precious metal in the ground, has a management that (at the very least) you have to admit thinks BIG and has a technical team with the geological expertise to find a lot more ! What's in your portfolio ?
Comment by
pennyflipping on Aug 30, 2021 6:39pm
Who needs to take their meds now? If you believe this bunk, then get ready for the governments to confiscate mining assets. LOL Fortunately fury and the spincos management are doing a great job at making these properties worthless. Must be part of the loooooong game.. Maybe they could also run for office since they would be in good company.
Comment by
montydog on Aug 31, 2021 9:04am
I thought you had sold up and moved on?