The dollar collapse is inevitable.
- it is an evil, energy sucking enterprise, and those can only go on for so long. (universal law, they eat themselves)
- no fiat currency has avoided going to zero (but it doesn't mean it can't be the first)
- but really, we have entered the hock stick portion of the graph, and humans do not work well when prices jump in 10x. Gas $2 -> $3 ok. Gas $5 to $50 not ok.
Bix Weir, roadtoroota.com has the best information on the manipulations in the market.
Basically, stocks are traded at least 5:1. There are five shares traded for every one real share. DTCC failure to deliver is a common occurrence. If it was my exchange, if i saw a failure to deliver, i would shut the whole thing down and find out where the false share came from. But, like i said, its common.
Comex gold and silver are traded at least 100:1
Similar things are happening with crypto exchanges.
Trading is happening when all the people you know can't get in.
Exchange volumes are not real... as in, one exchange is trading on another exchange, and claiming the volume.
In this video they talk about what the exchanges are doing.
So, by my thinking, retirement accounts are doomed, as stock markets and bond markets crash, then fail, then burn.
That leaves PMs, land and crypto.
And most land is going to be ... revalued as bankster money disappears.
Since i believe cryptos are the future of money (for all kinds of reasons) i believe it should be a large part of anyone's portfolio.
So, yes, i believe Binance, Upbit and Huobi are doing it.
There are also signs that these groups are doing their best to build a cushion (in other words, get the coins they say they have)
I'm not so sure about the dollar. I mean, nothing lasts forever, but as I said, people have been saying the end is near from before 1980. I made this video in response to what you said about it.
Let me know what you think. I guess the key part of my case is, what's to stop them turning it into something a bit different just like they did in 1944 and 1971?
Thanks for the info about manipulations. I do remember hearing that stuff about PM especially. One organisation, might have been JP Morgan, got caught out with rehypothecation, and their response was "yeah... so what? Everyone is doing it." I always like to hold physical when I can, and never silver certificates or the like.
I remember the day I walked into National Australia Bank and asked about gold certificates and the woman put on a smirk of disbelief and said she'd never heard of it. Some bank, right? In the end, that was the best thing she could have said to me.