For the elites of ancient Rome, extravagant tastes, decadence, and the pursuit of luxury in all aspects of life were societally accepted norms. Wild animal hunts called venationes were held by the upper echelons of society, giving other wealthy Romans the chance to hunt rare animals that had been captured and shipped from around the world. Not only that, but the chance for commoners to marvel at creatures they would never hope to otherwise see in their lifetimes.
Currency is just a mutual agreement. One of the nation's value can be observed by its stability, and how it treats its own people. The greater the inequality the more unstable if becomes, simply because no one enjoys being a victim and a scapegoat for someone else.
The best case scenario is a nation made up of people that believe in it, and pull together.
Life isn't all about currency, but of collective will of its nation. More simply; life is meant to be lived with feet on the ground, instead of juggling abstract concepts of power and money.
Life could be much much simpler if we did away with the bullshit, and learnt to live well (not in excess as the elites did, but sensibly, sustainably, and joyfully. It's not a fluffy dream if we want it, and we learn to stop pretending that anything anything more valuable than first and foremost meeting the basic needs of all. We really have it all backwards, worshipping and wasting energy on things that doesn't sustain us)
Good luck to you all. I'm a nobody, I don't have the power to change the course of this sinking ship of humanity, but it does feel rather silly to witness nonsense take place with so much effort and misplaced sophistication.
Precious metals are a way to hedge against value loss in your other assets, but much of the talk about the end of the dollar sounds like children describing what they would do if they could fly. US debt is approaching $30 trillion. That is about one of every six dollars worth of currency on the planet. If the USD sinks, it will drag the other monetary systems with it. I have almost $20K of gold on hand. How long could I live off of it, even if I could prevent its theft? There aren't many countries that are self-sufficient with food and energy. Canada, the US and Mexico will be "squating in tall cotton" while the rest of the globalized system collapses. I can't do anything about it so I refuse to let it freak me out.
65% of the American population are living paycheck to pay check. Obviously they won't be buying any gold. In fact, I'd venture to say that only people in the top 5% of Americans can afford to buy Gold. So why do you, and all sorts of other so called financial experts keeping droning on and on about buying Gold? And in addition to my criticism of your Gold buying advice....once the world goes to a Digital currency every single once of Gold as physical Gold or Paper Gold will have to be turned over to the tyrants. Frankly I'm not impressed with your lesson plan.
I don't live in the US but every western country and many others around the world would be affected by the USD collapsing. The currency where I live may very well be taken down with it. If there was a financial collapse, the first priority would be getting consumables - food, toothpaste, toilet paper, gas, etc. If you tried to pay for these with gold, you'd likely find the cost extraordinarily high. If I have extra food to sell and you have gold, I know which one of us is more desperate and who's getting the better deal. You're not going to starve to death clutching your gold, right? So before you buy gold, stockpile what you think you would need, as it is very cheap now compared to what it will be right after a collapse. It needs to carry you through to when a new, stable currency comes in to replace the old currency and the economy starts working again. It is possible to stock up to 20 years worth of food if you have the budget, the know-how, and the room.
I see gold and other PMs (precious metals) as a store of value that I can use in two different scenarios. One - as a store of wealth that I can trade for whatever new, stable currency eventually takes the place of the old currency. This can take years, and new currencies can fail a couple times before one finally sticks so sell PMs only as/when needed. New, supposedly stable currencies have lasted 20 years before collapsing themselves and being replaced by new new currencies.
The second scenario is if you need to leave your country. If you have physical gold, a kilo (2.2lbs) is worth over $64,000 USD currently. 4 of these little bars would be a quarter of a million USD right now, or the equivalent value of any other currency. That's enough to set you up nicely in a new country. So it's very packable wealth. Of course you can also keep your PMs in vaults in other countries so it's already there and secure, waiting for you (silver is another potentially good PM, but you wouldn't want to carry it - you'd need 80kg/176lbs of silver to equal the value of 1kg of gold - better to have that in a vault in a your back-up country of choice!).
PMs are only something I buy with "extra money". They're security, like a home security system, or home/car/life insurance. More important are stockpiling consumables, keeping my car in good running order, my house and appliances in good repair (so if there's a collapse of any kind, I don't need anything for a long time, as it may be hard to find a new washer/dryer, or roofing shingles, or spark plugs, or whatever), paying off debt (having lots of room on credit cards and lines of credit may come in handy - it's impossible to be approved for credit when your in a situation where you need it!), etc. I keep cash on hand (in case of the banking system going down temporarily or a run on the banks) as well as some in the bank for illness or injury that would prevent me from working for a while, or for other emergencies. So PMs are just a small part of a larger, overall strategy and only for two specific use cases.
Yes I do agree that the DE-DOLLARIZATION of the Yankee Greenback dollar as the world's single reserve currency has already begun. The Yankees shot themselves in the foot with extravagant totally unrepayable government deficits & most importantly IMO, by also using the dollar as a weapon against the Yankee enemy states. This alone totally disqualifies the Yankee currency from ever again holding GLOBAL SINGLE reserve currency status IMO. The Yankees will be forced to raise their own interest rates to defend their declining dollar in future but it just will not work IMO. Time will tell.
Great article. Agree de-dollarization is increasing at a faster pace. Now even France publicly stating they want to distance from the USA. Monetary reset coming. Gold is always the best bet in times of uncertainties.
To say that the decline of the dollar is the reason for the increased acquisition of gold by Central Banks is folly. This gives people a credible solution to the problem, and they who read and internalize it will cease to dig deeper. There is no doubt that a further consolidation is in effect, but the reason why is not quite so easy to come by. Funny that the record levels of acquisition began in 2019, but not at all is it coincidental. If one wades far enough out into the waters, the murkiness begins to fade, as the deeper waters tend to be less tumultuous and thereby more clear. The entire mission is the gold. The control and power exerted and overused in the process are just byproducts; the mission is the gold. So then you have to understand why. Why pursue the gold? From our very limited perspective, and from an absolute lack of understanding of our origins (which understanding has been deliberately kept from the general public, probably for good reason), we think it is the pursuit of wealth, power, and control. But there is something larger at play here. The elitists push for power and opulent wealth didn't begin with Mayer Amschel Rothschild. It didn't begin with the Romans, or the Egyptians. It began at the beginning, and was never about wealth; it was about the gold. But aren't these the same? Gold has no inherent value, but only the value that we ascribe to it. And why do we ascribe so much value to this shiny metal? Ask the Inca... The reason that they are pursuing it more intensely, and they are saying the quiet parts out loud now, is not because they think they have amassed enough to where nobody can touch them. It is because the time frame draws shorter and they have a deadline. By now anyone reading this should know that most of the corporate world has been consolidated into the hands of BlackRock and Vanguard. If you've dug a little deeper, you understand that BlackRock and Vanguard are Rothschild agents. So you begin to understand that the entire consumer-and-financial-related corporate world is consolidated into the hands of the Rothschilds. Now why is the question. Though the Rothschilds own this corporate world, there's somebody else who owns the governmental world. If you've dug deep enough you know they are actually synonymous because all governments are corporations. But, there are the consumer related corporations and then there are the government related corporations. To know who this other group is one only need to look as far as what group occupy is the vast majority of upper level cabinet positions in the United States. One group owns one and one group owns the other. There has always been, since the beginning of our recorded time, two warring factions. But then when you make the connection you understand that even though there are two groups, they are simply two factions of the same group, and that it is actually only one group that owns everything. But you have to go back far enough to find out who that group is. I leave this comment with this. John D Rockefeller was a Rothschild agent sent out in order to obtain control over America, basically. John D Rockefeller's Masonic Creed states, " they can never know what we've done. If they find out they will turn against us and there will be nothing that we can do to stop them.... we who from Heaven to Earth came..." Now, if you know, you know. But if you don't know, I urge you to look around, outside of Google obviously, and find out the significance of this claim, this label self-applied by John D Rockefeller, this, "we who from Heaven to Earth came." Before you dig however, make sure your relationship with the Creator is cemented, and that you truly know who he is. Because you won't like the answer that you find. But there is no reason to dislike it, because it simply is what it is. Sorelle, as always, thank you 🙏 Namaste.
Why is not there any new post recently?
why did u guys stop writing?
The newsletter is well-written and persuasive in conveying the intended message, although I do have a minor issue with the research that was conducted prior to its creation. Specifically, the term "vomitorium" does not refer to a place where wealthy Romans would regurgitate after overindulging in food and drink, but rather to the exits in Roman theaters. There is no evidence to suggest that Romans had dedicated rooms for vomiting as a display of their wealth. Nonetheless, the argument for investing in precious metals is compelling and it is advisable to diversify investments across multiple assets in the current economic climate.
Only problem I have with this gold buying is how do you sell it in the future? This article and others like it, are based on a stable transaction market. What is stopping the US from devaluing it or confiscating like in WW2? What is stopping the government from freezing your (gold) assets, like happened in Canada’s trucker protest and their bank accounts were frozen.
Gold won’t put food on the table…