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!
You can shout “Conspiracy Theory” as much as you want but I guarantee you that we are facing a digital blockchain currency next year. I predicted as much last year on the 18th of September when the Fed started REPO. I told my son that soon millions would be unemployed. I did not know they would use a virus as the scapegoat.
The coming monetary system will capture everyone. They will either convert or bail-in on all savings. Once you are in the system there will be no escape. Non-compliance will result in de-banking. They will track and trace everything. They will be able to tax everything. They will be able to block any purchase they do not approve of.
You should be giving thoughts to alternatives right now….such as this website that lists business that accept Crypto, silver, cash or barter as payment. It is a start. We need to see an explosion of websites and business like this.
Make local contacts with farmers and local farmers markets. People need to start building alternatives. Different ways of trading. Rely on community and build relationships based on trust and mutual benefit. Start building alternatives now.
Silver prices set by the U. S Mint are at $67 and not available, for regular normal liberty one ounce rounds. Time Magazine shows N. Africa as a new grow zone moving into the Great Reset with underground water resources as the key. Paypal sees 3X demand for cryptocurrency than estimates as the globe pivots to digital currency.
Brian Gerrish, Mike Robinson and David Scott with today’s UK Column News.
START – Compulsory face masks and a new anti-obesity drive Teachers’ unions call for compulsory face masks for schoolchildren… What is really driving the Covid mask policy…? As Covid infections fall away to almost nothing, masks become compulsory…? Government’s creeping regulations are taking more and more power over people… Asthma UK produces revised mask advice, lacking in factual information UK Column viewer email regarding the danger of masks Official mask advice is reckless at minimum – still no risk assessments provided 15:26 – My Last Will and Testament: Covid threat to last for ever…? Chaos continues: Vietnam evacuates 80,000 from city after 3 positive Covid-19(84) cases CV testing is creating much of the hype and furore surrounding the ‘pandemic’ UKC viewer email regarding Covid-19 and high level NHS opinion on Covid… 20:56 – NHS to benefit from £13.4 billion debt write-off…? Where is the money coming from…? David Scott writes to the Scottish government with NHS debt write-off questions October 2018: SNP to write off £150 million of debt from Scotland’s hospitals Precious metal: gold hits a new record high in UK and USA as Dollar freefall accelerates Jim Grant (Grant’s Interest Rate Observer): a most curious juxtaposition ZeroHedge: is the ‘monetary moment’ sparking a loss of faith in FIAT…? A new historical time is upon us: what will happen next…? All of this is happening under the smokescreen of Covid… West Sussex County Council: an ‘Economy Reset Plan’ is in the offing The ‘great reset’ is coming down to the local level – more ‘climate change’ agenda ahead BBC: Covid agenda pushed hard but virtually nothing on the state of economy BoE Chief Economist Andrew Haldane: there had been a V-shaped bounceback 40:55 – Defence Secretary Wallace: we are putting Space at the heart of Britain’s defence Russiagate Fake News: Steele dossier now completely debunked 47:03 – BBC: what the heroin industry can teach us about solar power Almost 80% of Afghan opium now comes from the South-West, including Helmand BBC report suggests opium production is part of the ‘green’ economy Afghan opium production virtually stopped in 2001 under the Taliban… 53:27 – Free to Disagree campaign launches in Scotland Hate Crimes Bill makes it possible for people to be prosecuted over remarks made at the dinner table Still no definition of ‘hate’… Book recommendation: The Politics of Heroin by Alfred W. McCoy