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Between now and June will many people run to fixed Indexed products? If so how do the informed think what would happen within the insurance industry if Congress defaults on debts?
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FWIW it seems that I am hearing more ads that push gold and other precious metals as a "safe haven" to protect assets against inflation and financial collapse.
Any wonder then that the rise of crypto, as store of value and medium of exchange would be upsetting this grip hold that has existed throughout more modern time.
The average person has no idea what goes on in the economy, and the forces that control its cyclical nature. Just like everything we know, most events run in cycles, annual seasons, sun-rise/sun-set, high tide/low tide, life and death, etc. with highs and lows that include "boom and bust" economic cycles.
I found the documentary "The Money Masters" very interesting and educational. It explains how currency and mediums of exchange were formed, who really is controlling or attempting to steer this new world order and the forces behind what impacts and shapes economies in general. Evidence the annual mega-rich get-together at Davos, where "higher thinkers" due to their mega-wealth think they know best and offer their view on how the world needs to change, lest we doom ourselves based on half-truths or unfounded science.
Many of us who have been swallowed by this political sham game, will claim this is only a politically motivated historical point of view. Politics, unfortunately is the smoke screen we have been fed to cover up what really goes on. Maybe I was less enlightened than most, but it revealed who and how controls the economy and the money, and it's not the politicians who have been bought and seduced by this money (power).
Any wonder then that the rise of crypto, as store of value and medium of exchange would be upsetting this grip hold that has existed throughout more modern time.
Precious metals aren't really investments, imo. They're more like a savings account in case shit happens.
No chance of that happening. We send 4 billion dollars of aid to Israel which is the largest recipient. Cutting that is politically not possible. Zero chance.The other ones are much smaller and it wont make any difference. We also give aid which is conditional in them opening their markets to US products. Cutting US aid means immediate US job losses at Boeing and more job openings at Airbus. No one is voting for that.How's about no more foreign aid until we're out of debt? Some of the nonsense the crooks spend money on is ridiculous!!! Why the hell should we borrow money to send to Pakistan for transgender studies? Cutting out crap like that's a good place to start on "the budget". There's a whole long list that Rand Paul puts out every year.
[EXTERNAL LINK] - Dr. Rand Paul Releases 2022 'Festivus' Report on Government Waste | Senator Rand Paul
I see all my hard asset investments as a hedge, and generally view my commodities as solely a hedge, so I would agree with you.
I could make an argument that lithium or cobalt could be a wise investment with this move to EV's, though I haven't myself.
Would you call that an investment, or still no?
lolzor I break bad