Banking failure

[wrongway]

the difference between owning gold/silver and land in my mind is that metals may be have edge in inflation but you only get one chance to sell it, then it is gone. Land is a producing asset that will always keep producing something. Governemts can take land away and they can also make personal gold illegal. i don't know what the answer is but it is always better to have some money than to not have any money. been through that before, don't really want to do it again.

Economists are put on earth to make weather forecasters look good...

[errolanderson]

This tweet from the author of "Rich Dad Poor Dad" . Errol what do you think? I know you hate gold are we getting close to the time to buy gold?

[ATTACH]12159[/ATTACH]

Gold prices may sprint higher near-term on fear. But commodity prices generally are in-trouble. Inflation is one dead horse. Gold rallies won’t hold (IMO).

King oil may get crushed. King corn will be a drag on the grain markets heading into weather season.

Can I say arrogance and The Fed in the same sentence? Is the Fed actually going to hike rates now? Inflation is not the problem, rising out-of-control debt loads are the problem. Raising rates makes this situation worse. And the Fed is made up of about 1,000 PhDs. Good grief . . . .

And this stock market rescue plan is nothing but a load-of-crap. The bear market realistically hasn’t even started yet, but media tells us it’s already over. The banking industry is in serious trouble, (no matter how it is masked) and the Fed is making it worse.

A year from now, there may be many corporate carcasses to bury, but refreshing new names on block buying companies pennies-on-the-dollar.

My apologies for sounding so cranky, but this situation is getting worse because those in-control will not look in the mirror at-reality.

[wheatking16]

I don't understand the fascination with Gold, especially the physical; however, any investment should be considered relative to alternatives.

We can argue that there is no alternative to Gold, but I won't engage in a debate on this forum.

Of course, there is a lot of chatter about banks, gold and cryptocurrencies.

I prefer the utility of Bitcoin to Gold and pay little attention to the other cryptos.

This BTC/Gold chart is an updated version of what has likely been previously presented on Agriville. It was published in one of my newsletters.

A background:

Buddy is a bit of a gold bug and invests in the physical.

On October 27, 2021, he asked if he should own BTC or Gold.

I presented this chart showing my Own BTC/ Own Gold Levels.

At that time, the green line I where I would decide to own one or the other.

The green line represented the level where I anticipated one would outperform the other.

Since then, Gold has outperformed BTC.

The charts below demonstrate why it is prudent to understand your timeframe and not fall in love with your investment thesis.





Bitcoin has outperformed Gold since its inception; however, it has not been in a straight line.

Will that continue?

Maybe

[biglentil]

Biden: “Your deposits are safe.”

Also Biden: “You are not going to get COVID if you get the vaccine. It’s safe and effective.”

[jazz]

You can hear what Biden secretly thinks is happening.

https://twitter.com/okeefe_reborn/st...61101494636548

Weird how Biden sounds coherent during a secret recording. Real or AI fakery. Who knows.

[biglentil]

Better question, what will the starving hordes be using to buy with.

Govt is gonna have to rewrite the dominion lands act of 1872 to get that home quarter out of your hands.

Yes the Sask homestead protection act does protect your home quarter in the event of a bankruptcy if those rights have not been signed away.

During Weimer Germany's hyperinflationary period they used pm's, old jewelry, French Francs and other foreign currency. Most every household had a garden and people were generally much more self sufficient than today. There might not be the life raft of foreign currency in a world of fiat this time around. In Venezuela today trading in gold flakes is very common with most every little shop having a small scale.

[jazz]

If not tell me what will you accept for your grain when banks and the dollar are defunct?

Better question, what will the starving hordes be using to buy with.

Govt is gonna have to rewrite the dominion lands act of 1872 to get that home quarter out of your hands.

[biglentil]

You already own gold in your farm land. Far more valuable.

And will become more so once the USD fiat hegemony is broken.

Not much farmland fits in my pocket. All land in Canada is crown land, they are the land owner, we hold title in fee simple of the Crown. Unless a person goes through the formal process of claiming alloidial title of the original land patent on file at ISC for about 70% of all parcels. Then just maybe you will have a leg to stand on. However if you have a mortgage forget it. Mortgage in Latin loosely translates to 'Death Grip'. In such a challenging situation nationalization for the greater good will be pushed. Look how easy the populace was convinced to give up their most fundamental right of bodily autonomy with the jab mandates. 'Rich' farmers with large land holdings will be easy targets.


If not tell me what will you accept for your grain when banks and the dollar are defunct?

[jazz]

This tweet from the author of "Rich Dad Poor Dad" . Errol what do you think? I know you hate gold are we getting close to the time to buy gold?

You already own gold in your farm land. Far more valuable.

And will become more so once the USD fiat hegemony is broken.

[biglentil]

This tweet from the author of "Rich Dad Poor Dad" . Errol what do you think? I know you hate gold are we getting close to the time to buy gold?

[jazz]

SVB should have called themselves Slava Ukraine Bank, would have been an instant bailout.

Now y all know what the banks are holding. Canadian ones are holding a housing bubble, US ones are holding a tech and climate scam bubble.

Both are holding a consumer debt tsunami.

All are holding more speculative debt than any productive debt.

All are holding the govts bond bags for them.

[shtferbrains]

How do you get dollars out of krypto now silvergate is done?

Silver is up 10% from the lows last week.

Gold $100 from last Wed low.

[errolanderson]

HSBC just bought the UK arm of SVB for 1 British pound ($1.21 USD) in a last minute deal . . . .

[TOM4CWB]

Always seems to be a financial crisis when liberals and democrats run the show !

No Accident…

Climate Change…. The new green deal…. Is all about maximum disruptions… and disaster… feeding upon itself…. Double Down… WEF goal to depopulate the earth of humanity….

Astounding how deceived Western “Civilization “ has become!

Cheers

[TOM4CWB]

ATB and Alberta Credit Unions are all backed 100% by Alberta Provincial Government.

In Alberta We have the Most secure currency deposits on the planet.

We are very blessed that the 1930’s the Social Credit Government in Alberta created our own currency charter. The depression of the Alberta economy caused the need for our Alberta Government to create our own credit facilities…constitutionally exercised by our local sovereignty ….to hold our Canadian currency and back up that currency with the province’s assets .

Cheers