Dirty Frank
Well-known member
Thought this little tidbit was interesting
The return should be illuminating
The return should be illuminating
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Bold Move Cotton
- Thread starter Dirty Frank
- Start date
I still think crypto will crash harder than early 2000s tech bubble. No idea when but it is has nothing backing it up and is purely gambling. Buy gold if you don't trust currency. That won't go to zero.So the key is to diversify your money now before our economy gets worse.
I have to learn how to buy Bitcoin now.(Or is that an over reaction?)
Here lies the problem, I think, with everyone's impending crash worries. The USD is manufactured by the Federal Reserve, and the second it's manufactured, interest is charged on it. That means the US population is paying the interest debt to the Reserve for other countries to hold the money. I actually believe Americans will be better off when it isn't a global reserve currency. Instead of using countries like Greece, Venezuela, and other wildly financially corrupt countries to prove a point, why not look at the current economic condition of the two countries that were global powers. Neither France nor England are bankrupt. Not to mention, the US can choose to spend less on military, which is currently around 50% of it's federal budget. Spend less on military, donate less to the Federal Reserve, attract more investment, live happily ever after.
I could be 100% wrong here, just my theory.
I could be 100% wrong here, just my theory.
At 4:30 to 4:40 the comment "If a country tried to get oil without using USD, the country would need more freedom in its life" Hint or what?
That leads me to recall an event / interview with Saddam Hussein and there was something about him selling oil direct to another country without the USA getting a cut. Considering the impact I found it surprising that the story wasn't being pursued.
A lot of the video is over my head. I understand math and to a degree accounting (Math + Law). To me economics is three dimensional chess being played in the dark but I see a lot of decks being reshuffled in the future.
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