American Economic Collapse

[Jehovahsloyalchild]

China just made a huge announcement about its plans for Taiwan. Russia and China solidify its hold over Ukraines minerals and the USA dollar is near extinction. Advising to invest in Gold. Does anyone think that is a wise decision or should we trust that Jehovah will see us through the economic collapse?

 

[a watcher]

The American government has confiscated gold before. It will do so again.

 

[Jehovahsloyalchild]

The American government has confiscated gold before. It will do so again.

I figured it was pointless. I will put my full faith and trust in Jehovah as I know that is what he wants his children to do. Regardless of what happens in this temporary life I have faith in his coming kingdom so whatever befalls me even death is only temporary as I have hope that Jehovah will ressurect me

 

[Watchman]

I have commented on this before, but if a person has a lot of money in the bank or in retirement funds, stocks, or whatever, financial managers usually advise one to diversify and spread their assets around. Wealthy people probably have gold, at least paper gold, ETFs. The gold bugs insist you have to have the physical metal. But I expect when the hammer falls that the powers-that-be will criminalize owning gold. Silver might be a better alternative. Besides being cheaper it might be easier to use as money. I don't think they can as easily outlaw silver. I mean how many households have dinner silverware? But, needless to say, all things considered, faith will be the only currency of any value when it comes down to it. And now is the time to build up our faith reserves.

 

[MickHewitt]

faith will be the only currency

Watchtower: 'We have a deficit'!

 

[The God Pill]

Undoubtedly there will come a point where precious metals are outlawed however gold and silver have more temporary utility than any medium of exchange as fiat papers approaching worthlessness more by the day, crypto is reliant on the internet and the banks and governments can cut you off from your bank account, cards etc with gold and silver they have to either physically seize it from you or scare everyone in your environment into being unwilling to accept metals in trade those can be done but are more intensive and take more time for the government than the other mediums.

Water, food, fuel and means of defense should be a priority but precious metals are still pretty far up there in places one should allocate any surplus fiat. I ordered a 10 oz silver bar the other day I'll see how stacking goes this time around. For flexibility in trade I suggest acquiring a variety of scale bars and rounds such as divisible silver coins you can snap into quarters, 1 oz rounds, 2 oz rounds, 5 oz bars and 10 oz bars. Silver spot price was really cheap (premiums are twice what they were a few years ago) a few days ago but it went up a bit this morning. On rounds silver eagles are ludicrously high priced compared to private minted coins so best to stick to the generic rounds for now. 80 oz is nice as far as rounds as that's 5 lbs and you can fit them in four 20 round contaners.

Stacking is fine as long as one remembers a mere lover of silver will never be satisfied, and that a person's life does not result from the things he possesses. You're investing in retaining your purchasing power and prolonging your time window of trade that window eventually will close nonetheless.

 

[Melinda]

Warning...I know nothing about the stock market even though my husband invests I have never understood it. Every alternative news outlet that I follow are warning that our dollar is worth nothing more than monopoly money...everyone is saying hurry hurry invest in Gold and Silver. Heres my question why would Gold and Silver companies sell their Gold and Silver for monopoly money?

 

[Watchman]

Warning...I know nothing about the stock market even though my husband invests I have never understood it. Every alternative news outlet that I follow are warning that our dollar is worth nothing more than monopoly money...everyone is saying hurry hurry invest in Gold and Silver. Heres my question why would Gold and Silver companies sell their Gold and Silver for monopoly money?

Good question. The answer is, monopoly money is the only thing considered legal tender.

 

[The God Pill]

The American Silver Eagle 1 oz silver coin is legal tender in the United States, and is the official silver bullion coin of the U.S. Mint. The Silver Eagle has a face value of one dollar, but is independently traded on its silver content and for other factors like mintage and condition.

Warning...I know nothing about the stock market even though my husband invests I have never understood it. Every alternative news outlet that I follow are warning that our dollar is worth nothing more than monopoly money...everyone is saying hurry hurry invest in Gold and Silver. Heres my question why would Gold and Silver companies sell their Gold and Silver for monopoly money?

It's simple time preference as economist phrase it retailers have a shorter/high time preference than consumers retailers are making there money off of a mark up (premium) which allows them to access around 120% of the liquidity of there inventory for the acquisition of goods and services or for reinvestment into more inventory to grow there business consumers on the other hand have a longer/low time preference they are willing to fossilize monetary energy and forgo its use till they sell or trade the metal in order to avert the decline in purchasing power of saved fiat currency left in one's bank account. Metals are low risk vs stocks but there job is not to make money for you like stocks there purpose is to hedge against inflation. Money is a means to ends different people have different ends with different timetables. A retailer can even hoard silver and gold better than a consumer if he has twenty customers he can acquire his own personal silver and gold several times faster than the average of his customers through the profits.

 

[SeaGull]

Warning...I know nothing about the stock market even though my husband invests I have never understood it. Every alternative news outlet that I follow are warning that our dollar is worth nothing more than monopoly money...everyone is saying hurry hurry invest in Gold and Silver. Heres my question why would Gold and Silver companies sell their Gold and Silver for monopoly money?

That seems logical, - but they will trade it anyway!

Also, My thought would be:

IF - I'm holding some very precious commodities -
like water and non-perishable food.
WHY - would I trade it for silver or monopoly money
WHEN - my holdings are only going to go up in value,
while everything else will decline
( quart of wheat for a days wages, and all that)
BUT - the conclusion that everyone is coming to, is keep building your "faith reserves"
[ I think that is what you are saying ,too !]

 

[MickHewitt]

That seems logical, - but they will trade it anyway!

Also, My thought would be:

IF - I'm holding some very precious commodities -
like water and non-perishable food.
WHY - would I trade it for silver or monopoly money
WHEN - my holdings are only going to go up in value,
while everything else will decline
( quart of wheat for a days wages, and all that)
BUT - the conclusion that everyone is coming to, is keep building your "faith reserves"
[ I think that is what you are saying ,too !]

I went years without tv: I love tv now alway's have really. Why do I say this? After all the years I did not watch I seen an episode of 'South Park' an episode about the acceptence of matter as money, be it paper, gold or other shiny things.....The episode includes an alien ship leaving an opportunity to steal an immense amount of 'Space Cash' only to test them worthy of further intergalactical knowledge....... the way we failed was so real! Lot's of chortling excellence. Comes with adult warning!

 

[The God Pill]

That seems logical, - but they will trade it anyway!

Also, My thought would be:

IF - I'm holding some very precious commodities -
like water and non-perishable food.
WHY - would I trade it for silver or monopoly money
WHEN - my holdings are only going to go up in value,
while everything else will decline
( quart of wheat for a days wages, and all that)
BUT - the conclusion that everyone is coming to, is keep building your "faith reserves"
[ I think that is what you are saying ,too !]

Yep one should wait till several other fields are well covered before considering stacking.

 

[SusanB]

The American government has confiscated gold before. It will do so again.

No doubt. Being safe or secure in this system is just an illusion.

 

[Watchman]

The American government has confiscated gold before. It will do so again.

That is not really true. When Roosevelt came into office in 1932 most of the banks in the US were either closed or on the edge. The British were buying US gold as much as they could to bankrupt the US. And depositors were requesting withdrawal in gold. Roosevelt ordered gold held in private hands to be sold at the market price of $20 an ounce. Confiscation implies no compensation. And each private citizen was allowed to hold 5 ounces. Because the dollar was pegged to gold, the next year the US raised the peg to $35 an ounce, devaluing the dollar but preventing a run on gold.

 

[MickHewitt]

Watchtower: 'We have a deficit'!

This Ponzi scheme held in numerous offshore British colonies: This financial empire of fifth column tentacles embeded in global cartels, corporations, religions must now be waking from their hegemonic orgy to a sobering realisation?
When an initiant is walked into Masonry he is given a blindfold and holds the hand of the initiator. The horn that understands ambiguity (intrigue) is the hand that guides not just them but even our Watchtower. What I am saying is he must be aquainted with scripture........am I wrong in thinking not just he but his associates are awakening and seeing Jehovah's judgements unfold and if so it's not too late for them look at the patience Jah is showing? Just as we are awakening could it not also be true for them? They must be scratching their heads?

 

[The God Pill]

So a citizen declines to hand over there metal for paper back then? It's the government you're dealing with fines, imprisonment, death if you resist all because you don't worship fiat. The whole notion of voluntarism is missing in this "compensation" equation. The mafia could threaten someone into selling there home when they wouldn't otherwise that isn't noble just because they didn't leave them with nothing. Needless coercion is just great it seems to stateolaters.

 

[Back to True Worship]

China just made a huge announcement about its plans for Taiwan. Russia and China solidify its hold over Ukraines minerals and the USA dollar is near extinction. Advising to invest in Gold. Does anyone think that is a wise decision or should we trust that Jehovah will see us through the economic collapse?

We can only do what we can do , buy silver and gold and other precious commodities is a safeguard , but even having plenty of it cannot buy what is not there...with the shortages. of food and supplies failing and with their destroying food processing plants and even cattle , we have to wonder just how bad it will get...the bible is very clear that many will die from war , famine , pestilence and those who survive will pay a high cost for whatever remains left over. The time of test will no doubt include trying to force us to partake of Satans worship by means of food and shelter.
Faith and Love for and in our God is the only thing that will keep us alive forever, we may die from war or famine or disease or from the test of our integrity. Thus by our understanding this we can prepare our heart and mind for what is coming by building upon our most holy faith. Like the early Christians we may be thrown to the lions as it were, but as Paul put it ...we are thrown down button destroyed, we are persecuted but not left in the lurch,...2 Corithians 4:7-12.

 

[The God Pill]

Little tip on gold one company manufactures bars of gold that are grids of tiny bars that can be snapped apart into individual units they're called combibars. It's the most cost effective way to stockpile 1/10 oz units of gold as a 1 oz gold combibar with 10 1/10 oz pieces costs 10% less than buying 10 1/10 oz gold coins. They also sell grids of 1 gram bars in 20, 50 and 100 gram grids these are more liquid/better for bartering than grids of 1/10 oz units but the gram ones aren't as cost effective premium wise especially the smaller the grid option.

 

[BagdadBill]

Excuse me but, didn't Robert King repost something like this not so long ago? RK don't let your head get big.
We've been saying this for a while now. They tell you what they are about to do. I don't know why but they announce it, that way you can never say you were not informed. They tell you.
When I left AZ I had to leave over $1000 dollars worth of canned food behind because of the weight. God will replace it. This I know.
If you haven't been listening to me thus far, buy food. Gold will be worthless because you can't eat it. It won't warm your buttocks nor fill your belly. Buy food and store water. Don't worry about water going stale. You can always boil it.

 

[MickHewitt]

Excuse me but, didn't Robert King repost something like this not so long ago? RK don't let your head get big.
We've been saying this for a while now. They tell you what they are about to do. I don't know why but they announce it, that way you can never say you were not informed. They tell you.
When I left AZ I had to leave over $1000 dollars worth of canned food behind because of the weight. God will replace it. This I know.
If you haven't been listening to me thus far, buy food. Gold will be worthless because you can't eat it. It won't warm your buttocks nor fill your belly. Buy food and store water. Don't worry about water going stale. You can always boil it.

Thanks for that about water......I have for over 4yrs now held gallons in containers wondering about it....I have got purifying tablets as there is a stream just 300yds away....cheers Bill