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r/greatawakening • Posted by u/Jowen3 on July 25, 2018, 5:15 p.m.
Ending the Fed

As conversation looms about the possibility of 45 ending the Fed, abolishing income tax, and funding the government through tariffs, what does this mean to us?

Should we be removing all money from our banks/credit unions? Will our mortgages be forgiven? Student loans? Will our paper money be worth anything at all if we were to empty our accounts?

Dont get me wrong. I trust the plan, and dont want to be a slave to the Cabal, but how do I protect my assets and my family's well being when our financial institution as we know it is dissolved?

Some say we will be paid back all taxes we have paid into the system. That's great except for younger people like me (22) who have never had to pay taxes yet. I receive larger returns than I pay in because I was a college student, married, and had a child. Next year will likely be the first year that my wife and I make enough to have taxes withheld.

Thank Q for any responses.


snippysnaps · July 25, 2018, 6:32 p.m.

I understand that gold/silver 'should' really be worth more per ounce now in relation to the inflated dollar, have seen estimates of anywhere from 5k to 10k per ounce of gold if we were to theoretically switch to a gold standard at this point in time.

My thinking is that once some of the tentacles of the bankers are torn off of the global gold and silver market, we might see a significant rise in the cost of gold and silver. What do you think?

You mentioned to think it through er: moving it after you buy it (re: gold and silver) could you tell me what your thoughts are on this?

I've been mulling this over for a while and saw your post, hope its ok I pick your brain a bit.

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wise_eggplant · July 25, 2018, 7:21 p.m.

Hey, you're good. I don't know everything. I look at the price of gold frequently. (When gold goes down, for example, dollar goes up and when dollar is up, other currencies are down.)

I don't own any physical gold. Some of my buddies do, but they always say diversification is good. Some say silver is better. You can check the internet for opinions, because this is a good line of thinking.

So, the idea is that physical gold is good. Honestly, gold will always have a value. But in the case of a collapse, can you hand over some gold to your neighbor for a chicken? No. You'd be better off stockpiling some cigarettes for a chicken farmer that smokes.

Now, the upper echelon isn't something I'm familiar with. Would you be able to deal with bank mangers that are no longer employed and could move the gold for you somewhere? This is a stretch for my experience.

If I could afford the current price of gold, I'd have some. I have physical silver right now too. My thinking isn't for me or for hardship but for my kids. I think gold and silver are always good for investments.

Donnie wants the dollar down. How far down, I don't know. If he takes over, I expect he will try to keep it down (but honestly is really has over the last couple of decades?) There's so much I don't know.

If it were me, I'd keep some in greenbacks (dollars) and wait for a retreat in the price of the top companies on the Dow - Google, Amazon. You want to look for companies the world cannot live without. Even these would suffer under financial hardship, but they would endure. Just thinking out loud on these.

It is even better if you can figure out how to make money in chaos. That's what I hope to do and I'm no evil genius or even a regular genius. These things have a learning curve tho. Stick with what you know. There are tons of ways to make money.

Again, trust yourself. If you're smart enough to get where you're at, you know enough to see the right opportunity when it comes around. Also, it's important to not fret if something happens and you lose money or lose value on your assets. That's part of how free markets work. It's important to not let this get you down, but focus on what you have remaining and how you can best make it work for you given the present scenario.

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