The economy will collapse - tanks in the streets

[The Sage of Main Street]

I am likely the happiest person here with zero anxiety about anything .
Plus family and health .

I started Gold and Silver stacking in a big way in 2019 .

Without going into details or boasting , I have cumulatively invested a big six figure sum already and continue to add all the time .
Although I need never worry again about any financial matters, I have a feeling that my current holding will be worth three times present -- minimum-- and anything up to hundred times more -- very quickly .
Let's say within three years maximum .

So Halfabrain , stick that wherever and smoke it .
And goodbye America .
But as I am a world citizen with world mentality , I have no allegiances so great that it bothers me a jot which nations fail and go bust .

I can follow the Sun and quality living exactly as I choose .

Urine-Colored Rocks

Gold is also a fiat currency. The American government is behind the goldbugs' Ponzi scheme. It sells off its own $14 trillion (and growing) worth of gold to pay the interest on the debt.

 

[Hafar1014]

Urine-Colored Rocks

Gold is also a fiat currency. The American government is behind the goldbugs' Ponzi scheme. It sells off its own $14 trillion (and growing) worth of gold to pay the interest on the debt.

Gold can drop in price

 

[Invisibleflash]

A new financial crisis is imminent. That should cause the market to focus on the downsides of artificial intelligence. Its role in driving up unemployment. Many office jobs could disappear rapidly during the next recession. How many will be gone in five years?

The problem is urgent because the market prices in the future today. If investors believe unemployment will be extremely high and the economy will have collapsed in five years they will adjust bond prices accordingly well in advance. That means governments could go bankrupt much earlier.

If nothing is done the coming years will be grim. Any solution?

Governments may deploy the military and tanks in the streets to prevent anarchy. Just as nearly happened in 2008. Perhaps Trump is aware of this but chooses to blame crime instead??

 

[The Sage of Main Street]

Gold can drop in price

Fie on the Fiat "Free" Market

Then the government holds its gold until it can force a rise in its value, just like their friends in Big Oil suspend production until they can get a bigger profit margin.

 

[Cassandro]

Fie on the Fiat "Free" Market

Then the government holds its gold until it can force a rise in its value, just like their friends in Big Oil suspend production until they can get a bigger profit margin.

I don't think the US is selling its gold, especially not at book value ($42 per ounce).

 

[Ringo]

 

[FireFly]

US Dollar is Crashing!

Deficit & Debt Rising!

Trump's Economy in a Tailspin!

Job Loss Rising!

5 million workers making $35k+ can't afford Shelter!

Increased Homeless!

Inflation Gold Prices Soaring!

Auto delinquencies are up more than 50%!

Wealth Gap Exploding!

National Guard Not helping Clean-up Disasters!

National Guard detaning harrasing 4 citizens for every illegal!