Just got off the phone with some like-minded friends. They’ve all been in different sectors throughout the years, and we all met back in basic. The amount of change occurring in the fiduciary aspect of major players right now is spastic at best.
The billionaires have been established as the founding fathers. The amount of money they have in both liquid and unrealized assets have cemented their place in history. They speak of the future, they will be the ones history books look to as a Neo-Colonial founders of modern society.
On another topic, we spoke on personal wealth management. Retirement, 401k’s, coffee canners and the such. We all agree that if people didn’t pull their money out pre-2020 election, it will continue to plummet into a point where it won’t be financially smart to even hold cash in banks at an interest rate of .05 at best, .03 at standard. The inflation will hit a point and in the span of no more than one hour, it will explode. Or, in this case, implode.
If I were me, and I am advising anyone listening, I would pull every red cent out of the banks and coffee can it. It may as well be useless soon, but in the time between now and then a run on the banks will occur and you won’t even be able to ‘fall back’ on cash to buy enough essentials to survive the financial nuke about to drop.
Don’t get precious metals unless you have your own coin making forge. Nobody’s trading bars on the streets and cash will only be used as fire starter soon. If you must, save bottles and caps. They hold intrinsic value at a unique rate capable of being an impromptu currency. There’s a limited amount of them and glass bottles are decent modes of water capture, among other liquids.
This seems like a farce or satire, it’s not. This kind of thing is talked about more than you think amongst people like myself and my friends and their friends of friends and so forth. It’s public satire in some popular culture, however that is mainly because those who know that they are actual forms of decent currency know that a run on the bank equivalent on bottles and caps would make them less of a currency contestant vs. say batteries (which are very close to being the next currency).
Food for thought for the board.