Investors of means should also move assets out of the country because a new Democratic Administration in 2029 will likely also look to tax those who have to give to those who have not.
Unfortunately, whether we like it or not, chaos is coming eventually. I suspect there will be one more successful bail out costing 10 Trillion before the "system" is overhauled and the fallout will lead to violence. The violence will be worst in Europe and the UK.
Gold is the "biggest answer" as it has been for $4000 years and thats WHY banks hold it and are buying it. However silver will be an answer for the middle classes who just wont have the cash when gold is $10K/oz plus to own it, let alone own it outside of the USA. But BTC may work and should be a part of the "plan". Productive farmland will also be worth it. Trend Following funds will do very well if there is an inflationary boom or scarcity driven shortage. Cash in mixed denominations to last for a minimum of 3 months is a must. Commodity stocks might work well in any inflationary scenario.
In a deflationary bust the game is over and in a very nasty fashion for anyone in a city or nearby surrounding area or for debt holders............ which is WHY a deflationary bust will not be permitted to happen if it can be avoided. Thats why I think there will be one more large coordinated massive bailout.
Possibly a 1 - 3% allocation to Bitcoin may help over the longer term. I am certain I will be shot down in flames for suggesting this by the author of this substack, but we need a new neutral reserve asset, and I see few contenders aside from Gold. Only trouble with Gold is there are only so many ounces one can stuff up one's rectum should one need to get out of dodge in a big hurry...
I don't think Michael would shoot you down at all. He strongly supports gold as the key asset and also thinks bitcoin is another good bet (although still a bet).
I agree fully gold is not as portable as it once was. Thats why you need a small amount for emergencies but any significant holding needs to be outside your tax domicile, preferably split between 2 different locations and not in any form of a bank vault. I would go much higher in BTC...... my crypto exposure is currently 10-12%,
Investors of means should also move assets out of the country because a new Democratic Administration in 2029 will likely also look to tax those who have to give to those who have not.
Unfortunately, whether we like it or not, chaos is coming eventually. I suspect there will be one more successful bail out costing 10 Trillion before the "system" is overhauled and the fallout will lead to violence. The violence will be worst in Europe and the UK.
If the U.S. dollar is massively devalued and not the reserve currency how do investors protect themselves? I don't believe gold is the only answer.
Gold is the "biggest answer" as it has been for $4000 years and thats WHY banks hold it and are buying it. However silver will be an answer for the middle classes who just wont have the cash when gold is $10K/oz plus to own it, let alone own it outside of the USA. But BTC may work and should be a part of the "plan". Productive farmland will also be worth it. Trend Following funds will do very well if there is an inflationary boom or scarcity driven shortage. Cash in mixed denominations to last for a minimum of 3 months is a must. Commodity stocks might work well in any inflationary scenario.
In a deflationary bust the game is over and in a very nasty fashion for anyone in a city or nearby surrounding area or for debt holders............ which is WHY a deflationary bust will not be permitted to happen if it can be avoided. Thats why I think there will be one more large coordinated massive bailout.
Possibly a 1 - 3% allocation to Bitcoin may help over the longer term. I am certain I will be shot down in flames for suggesting this by the author of this substack, but we need a new neutral reserve asset, and I see few contenders aside from Gold. Only trouble with Gold is there are only so many ounces one can stuff up one's rectum should one need to get out of dodge in a big hurry...
I don't think Michael would shoot you down at all. He strongly supports gold as the key asset and also thinks bitcoin is another good bet (although still a bet).
I agree fully gold is not as portable as it once was. Thats why you need a small amount for emergencies but any significant holding needs to be outside your tax domicile, preferably split between 2 different locations and not in any form of a bank vault. I would go much higher in BTC...... my crypto exposure is currently 10-12%,
Hyper inflation or default. The debt is about $350,000 per working taxpayer as I recall. MMT, yeah right!!
Forget Rand Paul. Loser! My fiscal mentor is Wiley E. Coyote.