Money & Economics

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One of my goals for 2024 is to try and get my head around digital currency. Honestly I feel like a caveman trying to understand the Interwebs when it comes to Bitcoin, tether and the like. It scares the shit out of me because if handled wrong by governments (naw, they wouldnt do that would they?), it will mean the complete end to freedom in so many ways. It could become the final straw to break our way of life.

This is a pretty good article that I'll need to read 5-10X to even scratch the surface.

On The Brink Of A Dramatic Change: The Digitalization Of Money
On The Brink Of A Dramatic Change: The Digitalization Of Money | ZeroHedge
 
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bigredfish said:
One of my goals for 2024 is to try and get my head around digital currency. Honestly I feel like a caveman trying to understand the Interwebs when it comes to Bitcoin, tether and the like. It scares the shit out of me because if handled wrong by governments (naw, they wouldnt do that would they?), it will mean the complete end to freedom in so many ways. It could become the final straw to break our way of life.

This is a pretty good article that I'll need to read 5-10X to even scratch the surface.

On The Brink Of A Dramatic Change: The Digitalization Of Money
On The Brink Of A Dramatic Change: The Digitalization Of Money | ZeroHedge
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It should be unsettling ..

Crypto concepts .. one super math genius who discovers a better way to decrypt and / or break encryption can result in the house of crypto collapse .. not certain if I would trust the core national currency to that potential threat ..
 
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bigredfish said:
One of my goals for 2024 is to try and get my head around digital currency. Honestly I feel like a caveman trying to understand the Interwebs when it comes to Bitcoin, tether and the like. It scares the shit out of me because if handled wrong by governments (naw, they wouldnt do that would they?), it will mean the complete end to freedom in so many ways. It could become the final straw to break our way of life.

This is a pretty good article that I'll need to read 5-10X to even scratch the surface.

On The Brink Of A Dramatic Change: The Digitalization Of Money
On The Brink Of A Dramatic Change: The Digitalization Of Money | ZeroHedge
Click to expand...
I really see a disaster headed our way. If we ever get like China, one push of a button could wipe out a lifetime of savings. Then the fight to try to get it back begins, and good luck with that...
 
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The Canadian government already ran a test run against the truckers and supporters juts last year remember? And they didnt even have a CBDC to make it easy for them.
 
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bigredfish said:
The Canadian government already ran a test run against the truckers and supporters juts last year remember? And they didnt even have a CBDC to make it easy for them.
Click to expand...

yup .. and now with anything over $600 require reporting, and inflation .. soon each trip to the local food mart will result in a report ..

Remember, Enrique Tarrio got de-banked in the USA before Jan 6th .. the former leader of the proud boys ..

Nigel Farage got debanked in the UK ..

So debanking already happening here and in the UK also
 
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Of course.
Water I got plenty of with good filtration. :cool:
Food storage is always a problem in urban areas. Especially here at the swamp. I’ve only got room for 3-4 weeks worth.

Frankly if it gets to that, we have an evac plan 20 miles from here with friends. Sm Farm, goats”, chickens, horses, plenty of stored food, and very defensible. I store excess ammo there now.
 
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Thank God I had that stored off site, otherwise it would have ended up at the bottom of the lake with the rest of the stuff on your boat that fateful day...
 
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Ssayer said:
What is this strange... "excess ammo" thing, of which you speak???
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Excess ammo is more ammo than you can store at your home.
 
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HA! nope. Traded in the bigger home for money in the bank and retired. Small and nimble is an advantage. If we have to evac I’m not leaving much in the way of $ behind.
 
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LOL, I had no idea a thread like this would exist on IPCamTalk.

I'll just throw something on the pile as a "gold bug from old times".

I don't know if you have all heard of Luke Gromen but his economic analysis might be seriously relatable to prepper/gold types. He is a guy who's not just screaming "They print too much money, she's gonna blow!!!" (which is is how I used to think).

Anyway, in about the first 10 minutes of this interview Luke and Chris explain that:

1) The economy is energy.
2) Energy is mostly oil
3) Oil below a certain price messes up the operations of oil companies (and this price is rising).
4) Oil above a certain price blows up the bond market (and this price is falling)
5) When the prices from 3) and 4) meet, its game over.
6) History says they will sacrifice the currency to defend the bond markets.

Seriously, this will make it real for you if you are still at a simpler level of analysis (as I was for a long time, I'm not bragging here).

Give the first 10 mins a whirl and see if if grabs you.

peakprosperity.com

Luke Gromen: Peak Cheap Oil Will Drive The Next Sovereign Debt Crisis. |

The ceiling is the oil price above which the US debt market crumbles. The floor is the minimum price needed to grow oil supplies. The ceiling and the floor are squeezing closer and closer…This was another barn-burner of an interview you won't want to miss.
peakprosperity.com peakprosperity.com
 
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Thomas Kenny said:
LOL, I had no idea a thread like this would exist on IPCamTalk.

I'll just throw something on the pile as a "gold bug from old times".

I don't know if you have all heard of Luke Gromen but his economic analysis might be seriously relatable to prepper/gold types. He is a guy who's not just screaming "They print too much money, she's gonna blow!!!" (which is is how I used to think).

Anyway, in about the first 10 minutes of this interview Luke and Chris explain that:

1) The economy is energy.
2) Energy is mostly oil
3) Oil below a certain price messes up the operations of oil companies (and this price is rising).
4) Oil above a certain price blows up the bond market (and this price is falling)
5) When the prices from 3) and 4) meet, its game over.
6) History says they will sacrifice the currency to defend the bond markets.

Seriously, this will make it real for you if you are still at a simpler level of analysis (as I was for a long time, I'm not bragging here).

Give the first 10 mins a whirl and see if if grabs you.

peakprosperity.com

Luke Gromen: Peak Cheap Oil Will Drive The Next Sovereign Debt Crisis. |

The ceiling is the oil price above which the US debt market crumbles. The floor is the minimum price needed to grow oil supplies. The ceiling and the floor are squeezing closer and closer…This was another barn-burner of an interview you won't want to miss.
peakprosperity.com peakprosperity.com
Click to expand...

Thanks .. Luke and Chris should be a solid discussion
 
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