If you don't own some of God's money that they can't print more of, Gold metal that you can hold in your hand, you are going to lose your wealth. The up and coming areas of the world value Gold metal and they will want Gold for their manufactured goods in future not Monopoly paper from the morally bankrupt US and it's European, Canadian, Australian and New Zealand vassals. That's why banks have been loading up on Gold. If you bought Gold five years ago you would have seen its value in terms of most Fiat currencies rise by 50% but in reality that simply means that the Fiat currencies were hugely debased by QE during the last five years.
But God's Word says differently. James 5 Go to now, ye rich men, weep and howl for your miseries that shall come upon you. 2Your riches are corrupted, and your garments are motheaten. 3Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days. 4Behold, the hire of the labourers who have reaped down your fields, which is of you kept back by fraud, crieth: and the cries of them which have reaped are entered into the ears of the Lord of sabaoth. 5Ye have lived in pleasure on the earth, and been wanton; ye have nourished your hearts, as in a day of slaughter. 6Ye have condemned and killed the just; and he doth not resist you.
Ezek. 7:19 They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumbling block of their iniquity.
It may be useful for a short while, but ultimately useless. There is a greater wealth.
Some interesting quotes and charts. When bear market articles hit substack, that's my "reverse shoeshine" indicator. Let the nibbling of HQ blue chips for long term horizon commence.
Thanks - have you seen Webb's latest. Just posted it.
https://georgewebb.substack.com/p/malones-big-domane-lie-is-crashing
EXCELLENT post. Need to digest after the first read, then read again, and save.
If you don't own some of God's money that they can't print more of, Gold metal that you can hold in your hand, you are going to lose your wealth. The up and coming areas of the world value Gold metal and they will want Gold for their manufactured goods in future not Monopoly paper from the morally bankrupt US and it's European, Canadian, Australian and New Zealand vassals. That's why banks have been loading up on Gold. If you bought Gold five years ago you would have seen its value in terms of most Fiat currencies rise by 50% but in reality that simply means that the Fiat currencies were hugely debased by QE during the last five years.
But God's Word says differently. James 5 Go to now, ye rich men, weep and howl for your miseries that shall come upon you. 2Your riches are corrupted, and your garments are motheaten. 3Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days. 4Behold, the hire of the labourers who have reaped down your fields, which is of you kept back by fraud, crieth: and the cries of them which have reaped are entered into the ears of the Lord of sabaoth. 5Ye have lived in pleasure on the earth, and been wanton; ye have nourished your hearts, as in a day of slaughter. 6Ye have condemned and killed the just; and he doth not resist you.
Ezek. 7:19 They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumbling block of their iniquity.
It may be useful for a short while, but ultimately useless. There is a greater wealth.
George Webb claims the SVB failure is connected with risky loans for projects in something called "computational biology":
https://georgewebb.substack.com/p/malones-big-domane-lie-is-crashing
Yes, I have the same feelings about him; but his output is at least thought provoking!
Now it is all over. 401k. Over. Stop feeding these animals your money.
Some interesting quotes and charts. When bear market articles hit substack, that's my "reverse shoeshine" indicator. Let the nibbling of HQ blue chips for long term horizon commence.