In this video, I talk with author and economic analyst John Sneisen about the recent hike of interest rates at the Federal Reserve to a laughable high of 1% which is the biggest increase in a decade.
The Fed is desperately trying to push interest rates up (though not doing a great job of it) in order to drop them out and as they do, artificially stop the economy which must fall by fundamentals from doing just that.
However, after 2008 going into 2012, the Fed had to lower interest rates 5.5% and today they would need to lower it far more, but they would go negative if they did so which would be an epic deal breaker. So we are seeing panic on the part of the Federal Reserve and it's quite unlikely it'll sustain itself much longer.
But of course due to the level of manipulation in the monetary system as well as the markets, the fundamentals are off the table and it's impossible to say when exactly this crash will happen, we just know it will and it has to.
The wizardry at the Fed is not rational by any standard and it's going to end in vast debt servitude and poverty. This is why people need to be educated on what fiat truly is and protect themselves from the coming collapse.
As Bitcoin skyrockets and people tap into the vast undervalued gold and silver markets, we are just starting to see the beginning of the dollar exodus and the mass adoption of alternative currencies and assets.
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The system is already corrupted and as you guys mention every central bank have already failed in the past. Also, thank for the advice for looking into the precious market.
Silver is on sale! You just have to remember they have rigged that market too. Buy what you can afford to hold and pass on to the next generation if you have to.
I am curious Fishyculture about your opinion, at which price do you think Silver can go?
I am about silver due to its intrinsic value. I can make life saving medicine with my silver bullion. I do not mean hypothetically, I can MAKE it, and I can teach ANYONE how to do it. Cheap, simple, effective antibiotic, antifungal and antiviral. Most people do not even care, do not want to know how to make it and will freak out when they find out they might turn blue if they make it and / or use it wrong. Truth be told, I do not use what I can make, I buy top quality stuff that will not turn me blue. But if SHTF, I will be a 1 person hospital. THAT is real value, and what is that worth to you? If the day comes there is no doctor, no clinic, no ambulance, but YOU can make the medicine your family needs, what is that silver worth to you?
OK, that is why I do not care what dollar value people put on it, when I have enough extra to "invest" in anything, I pay the current price for silver. If the day comes that silver is fairly valuated, it will be because the dollar has finally devalued, so why try to price a precious metal in terms of a devaluing currency?
A measure I find more useful is the gold to silver value ratio. Silver ought to be about 16 ounces per ounce of gold. When THAT number gets close, it is time to stop buying silver. Right now it is about 79 to 1.... a BARGAIN.
Silver is much more rare than gold, and is being overused. I think I'll start gifting my children silver and gold jewelry.
@fishyculture, I had to google search what you were talking about 😂😂😂BUT now I know that silver has anti bacterial properties - I'm def adding that to my emergency kit (after serious research on how).
:)
I LOVE when I can turn someone on to something awesome. I use Sovereign Silver brand, I am not a sponsor for them or anything I just think they have a top quality product. We give the kids silver for Christmas and birthdays, my oldest grandson calls the "big money." That amuses me endlessly lol!
Love your philosophy and thank you for this long comment ;)
Hey it makes for some nice money in the bank intrest rates at least 3% would be good again
Whenever I walk by my grocery store bank and see the banner advertising the APR I laugh. Shouldn't we be ashamed of less than 1% interest rate? It's like wearing a wonky crochet sweater just because you made it yourself.
LOL love that analogy!
Great content, "interest"ing perspectives... see what I did there ;)
I think the "flight to safety" and "flight to quality" that investors always cite as the reason money shifts from stocks to bonds to various currencies is happening but REAL people are finding cryptocurrency feels like it is higher quality and safer than what the banks are doing. And of course, the "professional investors" call THAT a "bubble."
I have to disagree about bitcoin's value being related to scarcity. I believe it is exactly the opposite. Bitcoin is being divided, division is also infinite but we need a currency that reflects the abundance of the Universe. Cryptocurrency fits that description. We "Austrian" style thinkers have to shift our mindset from "scarcity means value" to "abundance means value." THEN we will catch up with the real potential on our hands.
At this point all new currencies are valued in partt because they are not US dollars. people are sick of gov. fiat!!
Yes! Just like you said in your video ❤️❤️❤️ Love the idea, makes me want to invest here, and sell services and products using SBD.
Do you think that the Dollar crash is imminent? I mean people say that for years, maybe decades but it hasn't happened yet. On the other hand I do believe that 2018-2020 will change the world drastically for many reasons.
It is imminent because fundamentally it must happen. This is a symptom of a fiat system. Every fiat system has collapsed, but they keep trying it and in most cases to even crazier extremes.
It's been manipulated off for decades, but it doesn't change the fact that it must happen and as they're running out of opportunities at the Fed and will to go negative to attempt to put it off more, countless countries around the world are swapping out of the USD and it has caused panic in the financial sector.
I discussed this with Ron Paul in an interview last July. It's not about putting a date on it, it's about stating the obvious.
I guess the consequences will be enormous. What is your solution to this?
As I mention as well in the video, my solution is food, water, shelter, self defense, gold, silver, Bitcoin, tangible assets and most importantly, self sustainability and financial responsibility as you cannot have freedom without responsibility. People have to take it upon themselves to learn and then apply their own solutions.
When you say food, water, shelter and self-defense it sounds like you expect society to break down á la The Walking Dead with the majority of people turning into murderous savages. Is that the case?
@flauwy we must be aware of our food, and water now. Grocery stores sell pesticide ridden GMO's and call it healthy. Knowing your growers and growing your own food is the only way to protect yourself. As far as self defense? I'm more scared of a crew of parents with hungry children than I am of a silly zombie. Food is actually abundant, we just have to learn how to profit from happy and healthy people.
If you would know The Walking Dead you would understand my reference: When society breaks down people are the greatest danger you can encounter. The zombies are mostly irrelevant in that show.
I suspect the crash has been ongoing for many years, they keep blaming some natural disaster or starting another war to minimize the impact, but I feel like we are doing a slo-mo crash and burn.
Do you think that the slow-mow crash is accelerating now?
It seems to me the cryptos are putting more pressure on the illusion that "all is fine." I am not sure that is really acceleration or just the effect of a "sudden realization" on the part of the masses.
thatsva great news one..thanks for sharing money news providing..best of luck..
Thanks again for your steady reporting on the state of the failing dollar! Upvoted 20%
Prepare for a bigger wave of cryptomania :)
im not sure if a dollar crash looms... like in 3 months... more like a year or so...
Hello. You did a great job and sorry for didn't donate.