Originally posted by captaind
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Off Season: Financial Discussion
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Last edited by Topcat; 06-17-2019, 07:07 AM.
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Originally posted by Topcat View Post
Silver makes a lot of sense, along with real estate and any other investment with tangible assets, along with your own personal tangible assets. I'm afraid a crash is coming, and it's going to be a big one, folks. The 800-lb. gorilla in the room is the over $2.5 QUADRILLION total worldwide debt, much of it derivative exposure. Did you hear of the U.S. bailing out Germany's Deutchebank a few months ago to the tune of $360 billion, to prevent it from crashing? And even AFTER the bailout, the bank still has a $49 TRILLION derivative exposure. And they're not alone: Goldman Sachs, $42 trillion in derivatives; Morgan Stanley, $32 tril; Merrill Lynch, $31 tril. And there are many more. When the entire system finally crashes, and it will, all those without any tangible assets will run to the banks and try to pull out their money. Good luck.“Less is more? NO NO NO - MORE is MORE!”
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Post apocalyptic world would have no value of currency other than barter of goods/services. Tangible assets like water, food, energy, salt, etc would become invaluable.
The strong will oppress the weak.
Shit we are already there!My 2021 Adopt-A-Bolt List
MikeDub
K9
Nasir
Tillery
Parham
Reed
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Originally posted by like54ninjas View PostPost apocalyptic world would have no value of currency other than barter of goods/services. Tangible assets like water, food, energy, salt, etc would become invaluable.
The strong will oppress the weak.
Shit we are already there!Last edited by Topcat; 06-17-2019, 12:16 PM.
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We've invested in land, multiple states & 1 foreign country, with multiple water resources on each property with most including mineral rights.
Assests like gold, silver, platinum, precious/semi-precious gems with will be strong currencies. That's if you have the physical assets not the market equivalent.
Power will be huge. Our property in Colorado, where we break ground next year on our retirement home/ranch/compound, will have a solar/wind power plant, internal water filtration system, and a buried 12 month power cell.
My 2021 Adopt-A-Bolt List
MikeDub
K9
Nasir
Tillery
Parham
Reed
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Originally posted by like54ninjas View PostWe've invested in land, multiple states & 1 foreign country, with multiple water resources on each property with most including mineral rights.
Assests like gold, silver, platinum, precious/semi-precious gems with will be strong currencies. That's if you have the physical assets not the market equivalent.
Power will be huge. Our property in Colorado, where we break ground next year on our retirement home/ranch/compound, will have a solar/wind power plant, internal water filtration system, and a buried 12 month power cell.
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Bitcoin and all that shiat is what is going to cause the next economic crisis... It has the great depression and 2008 crisis signs written all over (Overvalued stuff that is worth nothing when everybody tries to cash it).
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Originally posted by foreigner View PostBitcoin and all that shiat is what is going to cause the next economic crisis... It has the great depression and 2008 crisis signs written all over (Overvalued stuff that is worth nothing when everybody tries to cash it).
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Alright. So i just put in some work in this thread. I dont want a bunch of off topic threads on the main forum. And i think you guys tried to move this discussion into a new thread but its pointless if those climate posts are still in the thread about finance. I have moved all the global warming stuff from this thread and into the climate thread on the OT forum.
So go there and talk about it there.
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