Hyper-inflation is coming
I have tagged this under economics but also under food. You can print as much money as you want but in the end you can’t print food.
The way to hedge against this is of course to store extra food. Many are also finding a store of value. Historically gold and silver have been the way to ride out periods of hyperinflation. However, I cannot see you going to the supermarket with a gold bar or silver coins. Many are turning to Bitcoin which has rocketed from one dollar to nearly sixty thousand. Many people have become millionaires riding the Bitcoin rocket. There are also many other digital coins like Monero etc. But again, these are stores of wealth and not transactional.
What do I think? Well, I approach things from a Christian perspective and I am not here to give financial advice. My opinion (for what it is worth) is that we are in a period of transition before we go fully digital. This has been planned for decades and they are purposely crashing the economy. Is Bitcoin a psyop? I really don’t know but the fact that the likes of MasterCard and Banks are considering using it means that it is not as “alternative” as many anarcho-capitalists would suggest. It is supposedly peer to peer and blockchain protected etc. but I doubt that it cannot be compromised. I have misgivings. As a Christian I know that I cannot take my wealth with me and that it is essentially worthless. It must be used to help others through this crisis and if we can find a means to circumvent the system that is well and good. The longer we can retain independence from the system the better because it enables us to prepare and witness. If you think that PM or digital money can buy you more time to resist then by all means.
As far as digital money is concerned the weakness is two fold (even with a distributed blockchain) -firstly Israel has an internet kill switch (think here of Stuxnet) and secondly (more importantly) God has a kill switch in the form of a solar flare (micro-nova). When we get a global grid down all you digital currency will be useless as well as all your technology. So, by all means diversify but be careful. A new age is coming and you cannot buy your way in.
Here follows another video by Jeff and Lucy which is worth watching. He is of course spruiking Bitcoin and I wish him luck. It is a bit like owning shares that are shooting up. The only value they have is on paper until you actually cash them in you have not made a profit. Anyway, enough about filthily mammon.
Be Less White, Get Vaccinated and Stay Away from Cryptocurrencies!