The Dollar is Dying (corrected version) – Epi-3528
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As many of you know I have been teaching people to actually diversify their assets for a very long time. In fact my recommendations have been fairly consistent since 2008 when I started, adjusted only as conditions on the ground have dictated. For instance I added Bitcoin as an asset to hold, once it came into existence and I learned enough about it to recommend it. My basic recommendations for an allocated holding group of assets are and have been….
- Cash (dollars) for short term and mid term needs
- Precious metals as a wealth insurance program (at 5-10% of net wealth)
- Bitcoin held in self custody or ETFs in some IRA/401s, etc. (5% base net wealth minimum up to 20% or more)
- Typical well managed securities (stocks, ETFs, etc.)
- Real estate with minimal debt relative to your ability to service debt
- Non consumable preps – Hard assets like tools, gardens, guns etc.
- Consumable preps – stored food, water, batteries, fuel, etc.
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Notice there are 7 classifications and by a strict definition only two are “dollar denominated” assets. In other words even if the dollar dies, my land still has value. My cash though and dollar denominated securities (stocks) don’t.
Today we are seeing the reality of why I have always recommended this. You will also understand I hope by the end of this show, how much trouble the dollar is really in. To be clear I am not saying it is going to die, rather “reborn” in an attempt to save it, yes the dollar is about to be “born again”. That said the devaluation necessary to do it, will be brutal and wipe out massive amounts of wealth.
Join Me Today to Discuss…
- The game is now over, math says so
- We can not tax our way out of this reality
- We can not cut spending enough to get out of this reality
- The currency will have to be “rebased” something I have been saying since 2008, the end game is near
- The end is near does not mean tomorrow, next week or even next year
- The only things you can really do in defense
- I know many won’t believe me but buy bitcoin
- Yes also hold some precious metals, my advice on that has not changed
- Hold land if you can
- Develop your skill sets in a diverse manner
- Form networks of people to support and do business together
- Develop food production – may or may not be a garden type of thing
- Build a business
- You should still save money and have conventional investments BUT
- Some things you really need to understand as to why this can’t be fixed
- Again the math says so, this simply can’t be done at this point
- The problem is global and equally so among nations
- Good money will always and I mean ALWAYS push out bad
- Interest on the debt is over 1 trillion annually and climbing, with interest rates on a US bonds 1 month to 30 years at 4-5% with short term bonds paying better than long term bonds – link
- There is a tsunami of shortages and gluts coming over an over, this will get worse
- All the mega trends (education, automation, real estate migration, etc. are in effect)
- The final mega trend is generalized ignorance and stupidity in society (it is the Idiocracy)
- Final Thoughts
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Resources for today’s show…
- Find Me on Nostr
- Article Explaining the GrowNostr Initiative
- Join the Members Brigade
- TspAz.com
- TSPC on Discord
- TSPC Group on Telegram (group chat)
- TSPC Telegram Channel (just messages from me)
- Jack on MeWe
- Join Me on Odysee
- All My Recommend Bitcoin Tools and Resources
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- Vevor Compact Emergency Tire Inflator – Item of the Day
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I had a discussion with a African-American friend of mine who sent me a picture of Kamala Harris’s dad and he appeared to be a black man and I googled him myself later and he does appear black or I guess he could be mixed the article didn’t going to great detail on that
Her father is Jamaican and her mother is from India….
So, if her father is Jamaican and most Jamaicans come from west africa (according to wikipedia) then that would make her (almost)african. African by genes, but not by culture.
The point is NOT what her genetics are, it is what she claims to be and uses to pander.
Go back to her runs for senate, she never once said or claimed she was black. Like most scum she is what ever is the most advantageous to her at any given time.
Oh and if you want to play that card, we are all of African decent.
I grew up in Detroit in the 50’s and 60’s, and left in ’72. My family moved from the South after WWII. I grew up in a flat in Highland Park, about a mile from Henry Ford’s model T plant on Woodward Ave. Detroit was vastly different in 1953 when we arrived compared to today. The amount of wealth, the quality of housing, the diversity of industry was unbelievable. My point in commenting is that Detroit actually peaked economically just before WWII. It took the next 60 or 70 years to hit bottom. It was not just the ’67 riot, or the politics that followed that killed Detroit. Although, it fell off a cliff in ’67. Go back to ’65 and Cavanagh thought Detroit was the wave of the future.
After being drafted into the Vietnam war, and later becoming a professional student at U of Mich (it was the Fonda – Hayden era) I moved to DC to work for the Navy as an engineer in ’76. My first impression was how cheap everything looked in DC. The housing was terrible. That has all changed of course. What has astounded me in the last five years is how major cities and regions have managed to do to themselves in five years what was done to Detroit over a period of 60 or 70 years. I look at videos of the wharf area in San Francisco or Oakland and I cannot believe what I am seeing. Those places emptied in five years. These are major cities. I could never have imagined this happening in such a small amount of time. It takes a lot longer to create wealth than it does to destroy it. I keep looking at the destruction, and the factors are so obvious that I believe it is deliberate, but why?
The simple answer is wealth redistribution. The more complicated answer is that the international banking/NWO cabal run by the boys at Davos/IMF/WEF etc want to restructure the west to their own liking. Concepts like auto determinism, state and national sovereignty, and of course individual rights enshrined in ‘archaic’ documents like the Bill of Rights and Constitution MUST BE DESTROYED.
The new chess game cannot begin until all the pieces on the board are reset, thus the current dismantling operation. It’s a class/wealth swap, not unlike what history saw in Russia after the Bolsheviks took over and removed the Romanov family from power in the early 20th century. The stock market and real estate sectors are financial battle grounds in which we see this changing of hands. The DEI/ESG corpos are running this woke game because they now have the cat-bird seat in finance and cultural influence. The elimination of the family, history, knowledge, and asset management are just a few of their goals. The reset button on the west is being clicked repeatedly and will continue to be until the desired results are achieved.