Saturday, August 24, 2019

Financial System Doom Porn

I noticed the price of gold was moving up again after a long dead spell, so I read some financial news for the first time in many months. I will be happy to unload my precious metals for some actually valuable things if the trend continues. I won't buy gold, silver, or crypto currency again. Instead I'd buy productive assets or more useful commodities like green coffee beans. (See the "Build Your Ark" post)

The mainstream media reads like ZeroHedge these days since the corporate media would prefer to elect a Bolshevik versus whatever Trump is supposed to be, so they've adopted the Doom Porn style for financial reporting. I do think it's correct, basically. The current system is done, and the "they" want to replace the USD with something else. When the British Empire kicked the bucket, and the Pound was replaced as a reserve currency it was devalued by 2/3 over the span of a few years. The USD will probably face a similar fate but when that's going to happen is anyone's guess.

I do think it's pretty likely that the markets will crash severely like the dot com bubble or the housing bubble because they always do. It's also pretty likely there are corporate crimes and financial fraud going on because it always is. Your fate is not enmeshed in this crappy fraud ridden system borne of multi-generational inbred psychopaths. I'm guessing there might even be a severe recession or depression relatively soon.

I'm still pretty heavily mired in the beast system, but I've managed to get a foothold and am working to climb my way out. Ostensibly an economic depression would impair my plans, but maybe not. If all the funny money going into funding makework corporate activities went away, people might actually do useful things, or try to live a more virtuous life. Many people remembered the great depression, for example, as a time of family and friends even though it was a struggle.


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