Quote:
Originally Posted by MorTech
With this new Federal Reserve/USTreasury/BlackRock/Vanguard/State Street State-Ownership economic model, is there really any inflation hedge other than Crypto?
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Yes, a mortgage. Talk about nuts. The average age in the villages is 70. You can assuming you can make the payments get a 30 year mortgage. They can't consider your age. Chance of you paying it off is exactly the same as you hitting 100. Assuming you have good credit it is roughly 2.99%. We are being told inflation goal is 2% now if you comprehend doublespeak it is 3%. A no real interest loan. If, our currency is trashed, aside the dollar lost 6% of it's value this year, you will pay it back with reduced in value,perhaps far more reduced than we are willing to consider possible.
Crypto currency IS NOT an inflation hedge. The dollar is backed by the full faith and credit of the United States. For many of us that is losing it's value.
Crypto currency is backed by NOTHING. The creator, I don't recall the name, perhaps a shock to many, no one is sure who he or she is. In fact it may be a group of people.
My OPINION it is a classic Ponzi Scheme.
Old school perhaps. Land old real value. It is a fixed quantity. I've not, but I do have a friend someone who as far as I know is normal. He has bought 140 acres of undeveloped land in North Carolina. They have a stream with fish, wild game, nuts, and berries and have laid in a few thousand rounds of ammo.