Posted:
#1
The USD will melt down, unlike we most of you can imagine
Any and all assets will go with it, if based on the USD or connected to performance of the US economy. You have a big fat 401k or IRA? Gone... as most stocks will take a 50-90% haircut. Oh yes the dollar prices of such stocks will go up, but that will do you very little good when a gallon of gas will cost $100.
If your net worth is in real estate, or gold or silver you will do better than most. If you hold foreign currency that is Basil III compliant you will do well. If you think that etf's of such assets will help you, will are in for a big disappointment.
You must hold the assets in your hand or in your safe, or have a deed to the actual land. Anything less is just a promissory note. Stocks of real solid blue chips will do ok... we are talking basic goods and commodities.
If you have debt, well don't worry about that. Soon owing $300,000 on your mortgage will be laughable. If you do not have debt, you should find debt somehow. Get those borrowed dollars and buy real assets now.
What to buy right now? Silver and Gold, my preference is Silver. Best choice will be to buy Iraqi Dinar... it will revalue to the upside soon. When it does, that will trigger the meltdown of the USD.
Banks and government treasuries all across the globe currently hold USD as the world reserve currency. Steps are already being taken to de-dollarize the economies across the globe. As trillions of dollars are being dumped, well you can see what happens when everybody is selling and nobody wants a falling currency.
You can thank our idiotic government over the past 50 years for pissing all over the USD and printing as if there is no consequences. Did you really think that being $18 trillion in debt would not have dire consequences?
Call me crazy if you wish... I am ready, are you?
0
As for your comment.....let's do the math. In 1946,a gallon of gas was .25 cents and was $1 in 1980. It is now $3.80 on average and around $4.15 in Cali. It took 34 years for it to quadruple from 1946 to 1980,,and another 34 years for it to quadruple again in 2014.So in 34 more years(2048) it will be around $16 bucks a gallon.I doubt it will ever go above $6 bucks a gallon as they are predicting all cars will average 50 mpg in 10 years.As vehicles become more efficient,the demand will fall.Ever heard of natural gas for cars? A barrel of oil is just over $106 bucks and they can produce 19 gallons of gas per barrel,so for it to even go above $6 bucks a gallon on average is a stretch. Yeah,i guess in 100 years it could be $100 bucks a gallon in your world,but will you,me,or anyone living now really care?
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