Post by
iwpete on Dec 11, 2023 3:25pm
the age of abundance
We live in the age of abundance. That means there is a good supply of everything and the price of stuff will go down. I watched Jimmy Rogers yesterday and he figures we're going into a great depression, greater than the 1930's because of the debt. I'm 75 and I know where he's coming from. He recommends cash. The question is which cash. US dollar, Canadian dollar, Euro, Japanese. Who knows, but the debt is really due to the excess fiat money in the first place, so the dollar probably will go Weimar in a lot of places.
Now BIR probably did the stupid with the big div but the rest of the natgas stocks aren't fairing much better. And cutting costs is difficult, everything is automated, computerized, robotized and AI’d. Who is there to lay off.
My plan has been to own everything and then own the necessities, ones that have a single use scenario, like energy. Once it's gone it's gone. Gold and silver you can get second hand for ever. Money is printed everyday. Tech changes every five minutes. Bitcoin is the dark horse, my associate 3gens down recommended bit farm whatever that is. Property you have to maintain and pay taxes on. So own your personal property, have stuff you like, get a hobby, be kind, after all it’s that time of year... .
GLTA