Great Reset & CBDCs: The Global Elite's Plan!! I'm not sure what this means for the economy, and our savings accounts and 401ks.
If the policies voiced by Biden are actually instituted, everyone should be prepared. The idea is to increase control by creating as many poor who are totally dependent upon government for their welfare. That means Covid lock down forever, destruction of small businesses nation wide, and perhaps larger business, too.
This OP reminds me very much of a bit of bush poetry called "Said Hanrahan". Any economic event is a disaster for some, and a golden opportunity for others...but one thing's certain, whatever is being speculated, there will always be someone like Hanrahan.
Toward the end, he states the way to protect yourself is to "hold cryptocurrencies" the govt can't access. All they have to do is ban them, which would seem to be the logical choice if they compete with the govt/central bank version. Unlike a physical metal like gold or silver, crypto only exists in digital form. You have to exchange them with a willing buyer/seller or convert them to the fiat of the time for them to have value.
It's a little like ploughing your wealth into rare postage stamps...unless someone is willing to buy them at an agreed value that you are prepared to sell them for, they are nothing more than fancy paper with no more value than as raw material for decorative decoupage.
Of course the master leftist and number 2 on my list of worst presidents in US history, FDR, set the price of gold to $20.67/ troy oz. and then banned the ownership of gold to a token amount with some provisions for collectors, jewelers, artists, dentists and the like. He required all gold in excess of the provisions be turned in for dollars. Failure to heed could get you 10 years and/or a $10 grand fine. Then when most of the gold had been voluntarily confiscated, he defined the price of gold to be $35/troy oz. Effectively devaluing the dollar and inflating the price of gold so the gov could sell it as needed to the dentists, jewelers, etc. or trade internationally at a huge profit. Thucking fief. So, we’ve been down the alternative money control path before. Nothing new to see, keep moving.
Didn't work for India 2016 Indian banknote demonetisation - Wikipedia An Error Occurred Setting Your User Cookie Money quote: This amounted to the demonetization of 86 percent of the Indian currency in circulation Yes, it can happen here. plastic, not paper. Kinda like they use "over there" So. you won't be able to go to the bank and pull out whats left of your 'savings' - for use as toilet paper.
Canada has Plastic bills and a chip interlal for tracking of 50.$ and 100.$ ,, 1000.s are gone as with 1s & 2s ,, Been at this a while 1985 to date , .. Im in Pm's Au,Ag,Pb on one scale , on the other, H2o and ways to move it plus .. Sloth
Just wait until the next lockdown, they impose a banking holiday, convert your frns to sovereign digital currencies on a card and track everything. Guess the idea of a Guatemalan house keeper paying her cash is not in my future plans. drat.
Empty out your 401k. This is probably your last chance. Every few years they make it just a little harder to access your money. Eventually you wont be able to. 25 or so years ago it was "it was your money". Then "it is your money, but......" , then under obama "it was your money, you're to stupid to understand the stock market, the government needs to hold your money and keep it safe for you". They never accomplished this during the obama error. But he said it. If you do great in the stock market it's not fair, if you lose your ass it's not fair. So the democrats are trying to replace equal opportunity with equal outcome. Where everyone gets the same shitty outcome no matter how good or stupid your life choices are, aka communism.
Burn your family cash on tangible goods. More land, tractors, implements, feed, seed, green house, etc. Control the food, control the man. Works around the world from Mogadishu to FUSA.
Get out of debt and invest in real things. The next few weeks will be big. Two very different views on the future of the country and the way we will live our lives. Not everything, but a lot. I get more of a personal freedom vibe from Trump.
You now must start taking $ out of your 401K starting at age 70. You have 10 years to empty it. Or less. The IRS has just published new "death tables" (median longevity) used to determine the length of time allowed to remove your $.. The biggesr a chunk you pull the more tax $ the thieves in DC get. These dudes want that tax money - and they want it now! Sort of like this tune J.G. Wentworth TV Commercial, 'Bus Opera'
You cannot. My FIL (RIP) lived in the middle of Utah, yet had very little in the way of LTS. He did have a large garden, sheep and some cows (all named Happy) and some sheep, chickens etc. He had been in the PI during WWII and just after - and served for a short time in Japan as part of the Occupation Forces. His take based on personal observation in tow different counties/cultures ? What your **good neighbors** didn't steal, would be taken - at gun point - by the 'local authorities' as *taxes*.... His take again - what you don't have, cannot be stolen. This assumes land will not be seized for "back taxes" RAH once said "You only truly own that which you can carry in your arms - at a dead run.
