Figure 1: Prior trading of Gold and Silver before the Nixon announcement
This is a two year data point period (circa 1968…1971) when the FED was inflating, they were trying to convince countries not to convert their US dollars into gold (they especially put pressure onto France to not convert), Nixon stepped in and slammed shut the convertibility door. Nixon also knew the FED would print money like the wind once he did this.
Once they closed the convertibility door, they unshackled the constraints of their power, now they can print as much as they can and fund whatever they like.
To capture the world, you capture the US, they’ve succeeded, for the most part. Now they’re going full steam mostly out in the open with their plan of gobal take over.
The charts show the fait currency unpegged, losing value, not gold or silver going up, it’s your currency being debased and devalued.
Both Buffet and Munger (and their cohorts) praise the authoritarian policies of China. Many people higher up the pyramid of power do, whilst it suits their agenda.
See’s Candies and Coca-Cola are not considered healthy by any amount of imagination, however, a dose of individual liberty is.
If you want to increase your chances of getting Type-2 Diabetes (amongst other health complications), buy Buffet’s products.
He also praises fait currency whilst on the other hand, complaining commodities don’t produce value. He also criticises inflation yet has stockpiles of cash. He’s a rent collector. He is just a figurehead bust of BRK these days, not so much the portfolios.
For somebody who doesn’t care about Bitcoin, he sure mentions it a lot.
It’s a good thing people are more rebellious and independent these days, I fully endorse gaining a good understanding of BTC before trading it or deciding to ignore it. Finding a secure job is hard these days, the UK is facing another recession and things are looking bleak financially. If i’d have followed the likes of this man I would be worse off.
I can tell you I have benefitted from a stable income through mining crypto. I’m slowly getting to the point where I am covered if i lose my normal job or if I fall sick and claim sick pay that won’t go very far.
The world is struggling badly financially and this guy is promoting further struggles. If you feel you can earn money with BTC go for it carefully and good luck to you.
Maybe I should print that chart on a T-Shirt or an NFT
“Circular economy” (you may also see it called “shared economy”) is coming, that means renting and reusing, that means more control over you, that means a quantified society, that means tracking/monitoring you. That means costing you more if you step out of the agenda.
Bitcoin doesnt do anything to avoid that scenario. You would have to desocialize, decomputerize, and detach yourself from everything to do what you like. Probably moving to third world country and living there simpler life.
Eliminiating cash (and thus the interest rate floor) and tracking / controlling every spend is their utopia, and they’re going to get it. Then tie that in with social behaviour, it’s already been done, just in another country, and creeped into others via other methods.
Your cars (new ones being sold) are no longer private, for your safety, and a very rich source of telemetry and control, 5G also greatly expands that telemetry and control network bandwidth.
I guess there are valid benefits to some services, 5G for example could enable real time traffic monitoring and create a kind of network where all cars in the same vicinity can be “aware” of each other and adjust their driving accordingly.
2 cars speeding towards a cross section from different directions and having an accident could be easily solved and thousands of other accidents could be avoided thanks to cars being in real time communication. this is the kind of selling point that will get us hooked into buying/investing in it.
It’s interesting because a computer would be able to respond quickly when the car in front has to break suddenly, I guess whatever manufacturers create these 5G cars will have to encrypt the the network and only use data that is relevant to avoiding accidents and not personal data.
I’m pretty confident that the complete opposite will happen and the increased very obvious push for more surveillance and control will actually lead to very strong push back that destroys big brother and brings back a new era of privacy, repairability and ownership.
Even China bought up a lot of US mines, Molybdenum and others. Then you have EPA clamping down on permitting. The legal fights over water rights and local residents have already put some startup mines out of business. They had some of the largest deposits of minerals, shut down, sold off cheap, high cost of legal fights for years. I saw them file for bankruptcy and sell out. Shareholders, written off under a bus.
You cannot have your green pie in the sky and eat it at the same time.
You think the price of electronic goods is accurate? try adding another 25%, The Mines in the African countries where the materials are have terrible conditions because they are not paid enough to mine the materials. Everyone in the mining area town/village is falling ill due to constant heavy metals in the air and the miners have frequent accidents resulting in injury and death in some cases.
Their future quantified society depends upon electronic tracking, but they absolutely don’t want the concept of a nation, they want interdependence and control globally. They don’t want decentralisation and diffusion of power, they want it concentrated and centralised.
They’re working on the same direction in lockstep, just navigating the complexities of each nation’s legal system by punching holes in it or navigating around it or legallising it up and out.
