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Everything posted by Pop321

  1. Same as capitalism. In its purest form it works until contracts for £50m are given to MPs brother in laws. Both work fine until you put people in charge. ‘Saving Capitalism’ and ‘Inside Job’ are a great little Netflix films. Highlighting the fact every Senator has about 6 people full time to ‘canvas them’ and illustrates when business say less government regulation…what they mean is less regulation of a particular type but more that stops competition and also more that protects big business. Some frightening legislation has been approved regarding commodities etc. Hence the bank bailout…private the profits but nationalise the losses. The failure of socialism is only the mirror of the failure we are seeing in capitalism.
  2. Socialism and capitalism died decades ago, both ideologies in their purest forms try to benefit the people…however nowadays it all about our leaders just feathering their own nest. Maybe easier if we blame everything on the Russians…..seen it on the news. That ensures we don’t start hanging our own leaders from lampposts. Just keep printing money….it is possible to print food, gas, oil, commodities? Prognosis isn’t good….hold on tight.😉
  3. In the past it was possible to earn more in savings than inflation but that’s half the story. The underlying capital also needs to increase each year otherwise in real terms the value of the capital and therefore the value of the interest drops. So you need to earn enough to pay me an income but also extra as well to add to the capital so next year I get the interest plus inflation on top of that interest. So that’s why investments eg shares have done better because they pay a dividend and the underlying value of the business although volatile in theory increases. So for example this year I get £100 dividend and next year I get £110 dividend. Whereas with cash I just get £100 a year and in 10 years that £100 each year isn’t enough. However interest rates right now are the lowest in real terms for centuries…so no, people currently cant just live off the interest unless they have huge amounts of money in the first place. And if they did it won’t be sat in cash. As an aside the interest rates we see now are completely unprecedented and it has created something that will blow up in our faces. We have avoided inflation by exporting manufacturing to cheaper parts of the world, that means the West consumes more than it produces….and that means they need to borrow. Borrowing has gone mad….the US gov owes huge amounts…indeed many parts of the world are wobbling and soon the macro economic picture will become more clear just how bad things are. Basically the Dutch, British and now the US reserve currencies eventually collapse and there will be a need to repatriate manufacturing to the West and that’s really painful for everyone….involves inflation, involves difficulty for the middle classes and can end in revolutions or what normally happens (to avoid revolutions) is countries find reasons to blame other countries. The next few months or indeed it could be a decade (because it’s a long economic cycle a knowing the time is not easy) we will see significant changes and a struggle to ensure the new reserve currency still involves to some extent a dollar. If millennials thought the last 10 years were difficult then soon they will see just how shafted they have been. One glimmer of hope is that house prices will likely fall (certainly in expensive areas)…..but only because no one can afford them. The best way to protect your wealth is to invest in inflation hedges and also work in a job that the salary rises with inflation. It’s possible to print money but as inflation begins to hit and ‘money’ is worth less then governments are coming to terms with the fact that we can’t print more gas, oil, commodities or food. Eg If I am the only one with the food it doesn’t matter how much money I am offered….the food becomes becomes the thing of value the money becomes secondary. Well….that’s my cheery Friday thoughts….🤦🏻‍♂️😂
  4. If coinbase goes bankrupt the holders money will be protected nothing has ever happened before where crypto disappears….oh wait, Quadriga CX….let me get back to you on that 🤦🏻‍♂️ My biggest worry on crypto was the speculation, driving a price and then the businesses using other people’s money to speculate on it. CEOs drawing a modest few mill a year but on paper worth billions. Only afterwards if a business collapses and everyone loses does it become obvious just how much a few mill is. Nothing compared to the overall CEO loses….but enough to retire on @ 50….job done. Crypto is totally and absolutely the future of money and in its purest form is really good….now we just need to settle on which crypto, whether that exists yet, manage money laundering measures and then what the price is. A price that illustrates it as a currency, a hedge rather than the price we have seen due to speculation that we have seen over the past few years.
  5. Agree…but I think it’s very considered bully the US and Putin. Neither are daft. I think what’s interesting is we think that paying for Russian oil in Roubles is a strange request. I think what is a strange request that everyone…and think about that, everyone ie Iran, China, Iraq, Saudi, India etc are all asked to pay for Russian Oil (or sell their own oil) in a foreign currency not even involved in the deal ie dollars. No one is stupid here (ie the US or Russia)….the US, like every reserve currency and every empire before it, now matures and sits on a massive deficit. The US therefore consumes more stuff than it makes….and whilst it’s fairly productive some of the things it’s producing aren’t truly useful physical things. So as it’s main export becomes its currency then its debt grows and grows. So it needs to repatriate manufacturing back from the East and slowly these sanctions will make that happen but it’s a painful process for those white collar workers in the US. Indeed it’s painful for the East too. The people just don’t know it yet. So best to have a proper nasty division in the world so the West can blame the East…as people take onboard inflation, take manufacturing jobs to feed their families, pay more just for basics… That’s why THIS war (and it’s a terrible war and a terrible thing Putin is doing) is in the news for 15 minutes every day but other wars aren’t. There is an agenda and a narrative and main stream media needs to support it. Putin gave the US an opportunity to sanction and divide…now it’s a battle for power and unfortunately and incredibly sadly humanity in Ukraine is not on either of their radar. There is a shift taking place and both sides know it. A new reserve currency will emerge and the US has been clever because now it certainly won’t be the Yuan or Rouble because the divide is occurring. That’s why sanctions started 17 seconds after the first tank rolled into the Ukraine. The EU not buying Russian oil will inflate prices but it won’t be bills in doormats that will be the worry for many of the EU countries it will be the cold winter. They will keep buying because at this point there is no choice. Longer term solutions will be funded as part of the repatriation of manufacturing (and making real things) to the West. And whilst all this goes on, nickel price rockets, metal price increase, food price increases, oil price increases….Bearing in mind the reality is currencies are all falling (effective a box of cornflakes is still a box of cornflakes and is always worth 3 eggs) prices aren’t increasing across the world but money is devaluing. However by the magic of manipulation gold hasn’t gone up much. So it’s falling with the currencies. That despite central banks have been buying huge amounts for 3/4 years. I imagine if the system snaps those holding real gold coins (or eggs, or oil etc) will be ones who retain wealth….whilst the general population end up with a lot less than they have today. I think I went off thread🤔
  6. I know to worry when this guy makes more sense than anyone else in the mainstream media. 😉 Corruption increasing. Media supporting. Just a few mad conspiracy theorists around which most people ignore…too complicated. Remember THIS war is worse than the others, humans in THIS war suffer more than other wars. THIS war is important, therefore THESE sanctions are important and should be supported….none of the others. This message is sponsored by the IMF, NATO and associated brands. Don’t worry though…the big boys will look after you. Prepare to own nothing and be happy. Anarchy anyone? Nah, X factor this weekend. Remember it could be worse…yadda yadda.
  7. I think the thread highlights my point. A whole day has past and STILL no one is hanging from a lamppost. And someone should be….what is more worrying whilst we argue about domestics (which I agree with and understand) the big picture is being played. And those running the world are more corrupt than ever before. West and East. Ask yourselves why is THIS war so bad, why is THIS war on the news for 15 minutes each night, why were sanctions introduced 15 seconds after the first tank went into Ukraine….and if you look at the mainstream media for your answer, then ask yourself again. Why every time peace talks start does Biden shout some rhetoric about war crimes, or BJ shouts something about a crocodile. It’s almost as though the war needs nudging along until Germany signs those new US gas contracts or at least to ensure a lasting long term East West divide…I wonder why? 🤔 War is terrible…all war including the Ukraine war. Once it stops we should talk about war crimes and retribution…but let’s prioritise getting it stopped. I would happily have sanctions tomorrow consistently against ALL aggressors and dictators globally tomorrow. But that isn’t the agenda, that really would hurt the top 1%….this is not a humanitarian action it is a politically economic one India is ‘slated’ for increasing their Russian oil supply. Indian point out they import less oil from Russia in a whole month than the EU imports from Russia in an afternoon. Hmm…best not confuse things with facts, just letting India know big brother is watching. I am not going to detail pages and pages of the steps required to protect the West as the reserve currency changes. Dutch, British, US empires all end. They have to end due to inevitable unsustainable deficits as a result of the country holding the reserve currency producing massively less that it consumes….debt means it breaks. This all started (as it always does) since the dollar disconnected from the gold standard and has been building since the 80’s. In brief ‘we’ must ensure a political East West divide so the new world order (likely a mix of currencies including the dollar) stays in the West in some form. If this was left 15 years the Yuan would be king and no one wants that. Certainly not big corporates who sponsor indirectly western governments. The process involves inflation, commodity war (the only real currency) and then in this case initial strengthening of the dollar and repatriation of manufacturing West (not great for the plebs but necessary) and it’s quite painful. Without ‘someone to blame’ leaders have in the past literally ended up hanging from lampposts when poverty kick in…and at least 1% of us (the important 1%) don’t want that. So look at the narrative, petrol and fuel bills are all now someone else’s fault….despite the fact this was all kicking off at the end of last year. And this hasn’t even started yet. All this is inevitable, the wide economics are all in place and the alarming worry is people accept what they are being fed Despite it being a pattern followed since the Roman Empire. I don’t even disagree with what might be happening it’s a bit like water finding it’s own level….but pretending it’s something it isn’t is the corruption. I may have gone off thread….I guess corruption and greed is the theme and domestically it’s awful but globally it’s a humanitarian atrocity. Shame those who lead don’t do so to leave a legacy for the greater good. I guess to lead at that level requires a certain person that really isn’t the sort of ‘nice and fair’ person who wins elections. Never mind…it could have been worse if ‘insert name opposition leader’ was in power. Divide and conquer.🤦🏻‍♂️
  8. Exactly. Whether I agree or disagree with your politics I need you to kick ‘me’ in the nuts every now and then to keep ‘me’ in check. At the moment it’s just a pretend political game and seemingly most of the population have been suckered in. Its not even a UK thing but a whole global western thing which is so corrupt and self serving that the little worker ants can’t see it. But don’t forget….’it could have been worse it could have been Corbyn’ And those that read that and think…’yes it would be worse’ as though I am missing something….that’s not the point I am making. I am saying the answer isn’t ‘it could have been worse’ it is that it should be better. I used to be bothered….now I just take advantage and I am better at it that most. And for that I apologise to Mr League because I add to the problem. To those who vote selfishly and think the answer is to blame a pretend liberal left or a government from over a decade ago then, tough, stop moaning, pay that extra NI, pay your tax, rent, student loan because the governments need those pennies for their scams. And I need you to pay those pennies so they leave me and my assets alone. Watching porn in the HoC…crying out loud. I bet the tax payer funds the phone, the monthly charge, the salary, the odd consultancy in the side…..serves voters right. The media should be calling for jail sentence even for a month…make these MPs pay. Nah, let’s not bother….did you see that funny fella in X Factor, he was great wasn’t he.
  9. Many thx for the kind comments in this thread…some hope maybe. Video was interesting but I think it’s even more deliberate than suggested and less incompetence. Although that tricky to tell 😆 Above response is an example….”eee….it would have been worse with Corbyn in” but in this case “eee…it is Gordon Browns fault” Brown, Major, etc all just pawns in a global disaster where the 1% who are running things are laughing at us. Some scraps to the media and MPs keeps them quiet. Where are the anarchists when you need them? At least 3 decades since we had a real opposition. Squabbling between numerous versions of the liberal right…but not even a true sense of capitalism just crony capitalism. As I say I don’t necessarily advocate a hard working class left in power…but I at least want one on opposition. Never mind…keep fighting, remember to vote for corruption and career MPs and don’t forget, X Factor this weekend.
  10. Agree as ever Bryon and interesting thread But unfortunately there isn’t a true choice. Hasn’t been for decades. People don’t understand politics. ‘Ee…it could have been worse it could have been Corbyn’ is about as political as anyone get…..it is worse and it’s almost funny. Labour have ensured they are unelectable by making themselves all WOKE talking about fringe pseudo intellectual issues….working mens clubs just thing they are unelectable. New Tories are bumbling wealthy idiots. The so called leftie BBC are run by an ex JP Morgan banker (not left at all, full establishment)….pretending to be ‘leftie’ when really making daft stories up about men with Cervix or not being allowed a Christmas tree up because upsetting a Muslim….so as to push people to the right. Sir Kier (yep…a sir in charge of the old workers party) probably gets behind closed doors with Boris and pi55 themselves laughing at the public. Pretend politics and pretend opposition. All to ensure there isn’t a real opposition to this corrupt system because if there was the Top 1% and ALL the MPs would be hanging from lampposts….proper revolution. But that won’t happen as we swallow the warm diarrhoea being spoon fed to us. Pay your tax and stay in student debt whilst the wealthy spend it on themselves and their mates and everyone stop moaning about house prices and woke lefties. We need a proper honest ‘take it or leave it’ opposition. It doesn’t have to be elected, it just needs to challenge the current system where MPs and government are corporate puppets and the regulations and policies are being forced through by those with the real power, wealthy corporates. Wont happen, X Factor new series is on, better things to do….I know let’s blame Russia for inflation and food shortages, phew avoided another revolution. That’s easy. My advice is to look at the wider holistic global picture. The history of empires, fiat currencies, the end of empires, agenda of the East, agenda of the West (and look twice at that one) and educate and position yourselves for the next 10 years. Who to vote for? Not that it makes any difference but vote for who you think will benefit those who need it most and not yourself. Some believe that is the right and some the left…that politics and a good argument either way but don’t just vote for who you think benefits you best. Posting a lot less lately on these threads because too many mainstream views being suckered into the media agenda, set by government puppets set by corporates. I will just continue to take advantage of the system others seem happy with and vote for…
  11. “Everyone was under pressure and people lost all sense of what properties were actually worth.” What idiot pays £2.7m for a house asking £2m….some have believed they are financially invincible Not everyone. In the 90’s crash those who saw massive falls were those who had bought and overpaid during the ‘melt up’. This will probably be the same as prices fall but inflation (sorry depreciating currencies) will help mask things a little. The world is changing. A lot of reading behind the lines is required from what we are being fed in the news ….there is a very big picture being painted and this is the thin edge of a very big wedge and not nearly restricted to a property ‘correction’.
  12. Debt driving so much. Leverage has enabled to hugely increase the economy and create wealth and drive technology like we could never have imagined. However it is targeted and very precise. By my 1970’s prediction we should all be now flying round on hover boards and working 10 hours a week whilst machines have created a futurist utopia for humans. Instead we work harder, have less and stress more….well I say ‘we’. Not everyone. Never mind…at least some benefitted.
  13. The idea in principle is simple. Encourages investment to encourage wealth creation which gives less state dependency for the investor and for the employers/businesses generating wealth. The question is whether investment needs such an incentive or whether such investment would happen anyway. 101 years in existence so I guess we will never know.😉
  14. I left it for now....been looking at mining stocks for now. But it is something I am considering still
  15. The principle of crypto and Saylor videos aren’t ‘news’ to me. I have seen most things out there already…. Ukraine is shocking and Putin needs to brought to account. Gentle words to save lives tomorrow and hard action once the tanks stop shooting. However, shouting ‘hard words’ from 8000 miles away whenever peace talks start seem a very worrying pattern and a quick ceasefire doesn’t seem to be a priority for the US but rather the creation of a solidified West and a common enemy. The US needs to sort the $100 trillion deficit and that’s going to hurt in the short term because it involves repatriation of manufacturing back into the West from the East. That’s a cultural shift from high paid ‘white collar’ jobs to lower paid blue collar jobs. In the short term selling it’s energy supplies to the EU will help that wobbly deficit It’s not an evil plan by the West but rather a cycle that happens for every reserve currency as the dollar prints itself into oblivion…and whilst the US won’t want to give up reserve currency status it would be helpful if that mantle was shared. Reliance on gold too will be interesting and revealing how central banks have been building up reserves for the past few years. The threat for BTC will be if it’s perceived as ‘assisting Russia’ and the US in their infinite wisdom ‘try’ to sanction against its use. The US will need to be careful though….it’s fighting lots of economic battles on lots of fronts. This isn’t to suggest Russia are winning the economic war, far from it…..they may end up just being a pawn for a consolidated East. Interesting times ahead and for the BTC advocates to see crypto being drawn in. It makes it more ‘real’ to those who may have ignored it previously.
  16. I am no coiner and I am a contrarian when it comes to the US ‘financial’ reaction to Ukraine. The East (as expected) are starting to look to trade outside of the dollar. That’s important for the US and although it will publicly protest it will actually help it manage it’s $100 trillion deficit and act like other (none reserve) currencies. What has surprised me is the inclusion of Bitcoin. I think that is significant…digital currency was always going to prevail in some form I just always challenged whether that coin even existed yet. The statement to include Bitcoin in return for the most real commodity all (oil) is significant. It puts it on the ‘list of options available other than the dollar’. So for me this is significant and an interesting few months for you coiners. Russia mentioning Bitcoin will solidify its position or depending on the US reaction may bring it under threat. What is has done at least for me (a non believer) is made Bitcoin a real player.
  17. Most appreciated. I will have a good look this evening. Reason I am bullish on gold (or maybe bearish on other stuff) is the pattern of central banks buying at the moment. They know that the Ukraine conflict may be over in weeks (hopefully), months or longer but the repercussions of sanctions has created a more permanent West/East divide which can be allowed to last many years. We are seeing a currency shift with oil already being reported as being purchased in rupees and yuan rather than dollars. I think a new reserve currency will evolve (soon or over 10 years) and during that time gold will strengthen. That will suit the US longer term so it can devalue and bring some real earnings back into the US economy and lower its eye watering deficit. So it’s only a little amount (say 20oz) for me but a hedge non the less. I will look into bars but I like the CGT advantage of coins.
  18. Some may say naive. I on the other hand would vote you in as a leader of the world. Genuinely. Hoping for a speedy ceasefire in this terrible invasion led by a mad man….and also in all other current wars, civil wars and disturbances across the world.
  19. I was at my farmers market and only had pound coins. They said they only accept bitcoins…and it had to be send through radio waves.🤔. I bought 2 hoover boards and a space suit. Joking apart we are entering a new world where sanctions etc have given a new permission. Rupees and Yuan have been agreed this week to buy oil, side stepping the dollar….I don’t pretend to know where this ends up but it could take many years for us to sort out the new financial order. Crypto will have a place, knowing which crypto is another matter.
  20. Helpful, thanks. Yep, not buying to ‘earn a fortune’ but rather placing a 3/4 lumps of cash into high yielding shares etc. And I thought rather than a gold miner it might be an interesting hedge for one of those lumps to be directly into the physical. Hopefully they can’t steal that away like other money. I knew its not free to buy and it’s interesting to see that spread. 👍🏻
  21. Any top tips for buying gold. I have researched Chards, ATS, Bullion by Post, Royal mint and their prices are very difference for the same coins. I want 20 x 1oz, 24 carrot (ie not 22ct) just to hold indefinitely. They are about £1495 to almost £1600. I really want the gold investment rather than pay any premium for any type of coin style. Any tips or experiences most welcome.
  22. Who can you help? Any and every human who needs and deserves it. That includes Ukraine. I wrote one thing….you read another. No division, no suggestion the invasion of Ukraine is a US plan (if that’s what you mean?) Putin invades Ukraine which is a terrible human disaster. They need help as do many around the world. They are our neighbours so we can help them more than others. FULL STOP. However, separately something else is happening. The reaction almost immediately from the US and the sanctions will create a divide for a decade. It not a clever greater political plan….it just is what it is. The US needs to restart manufacturing, produce more and consume less and its deficit is a problem because it’s the reserve currency. That means it won’t and hasn’t been able to self correct because the dollar will always be in demand even in recessions and deficits. The rest of us are allowed to self correct through the normal currency exchanges ie big deficit, pound drops, things made in uk are cheaper deficit corrects. So the reserve currency is a privilege to create massive wealth but in time always becomes a burden. The US can’t give up the reserve currency status because it will cause short term hardships for the population. Ie a shift from Wall Street to factories won’t be a glamorous journey….although in the end it will benefit the US. So since the Roman Empire and more recently Dutch, British empires it needs to be taken or at least be seen to be taken from the US. So now (even hopefully with a quick Ukraine solution) we have a lasting divide which allow a new reserve currency be established and hopefully what we see is effectively a world war with no fighting but all done from an economic position. Watch for more manufacturing in the US and increasingly us of other currencies being used to trade oil and gold In the meantime it is good to see so many registering for Ukrainians.
  23. Mentioned on another thread is that this seems to have been fairly well mapped out before it happened. All by the financials rather than political commentators My worry (and I need to be clear I am not saying my belief) is that this suits the US and China as much as it suits the pawns at play ie Ukraine (and Russia to a lesser extent.) I am no apologist for Putin….an evil man who has caused terrible hardship and death. Biden talks hard sanctions and keeps prodding whenever we see negotiations. Distancing ourselves from Russia ie no McD’s will create a cultural separation for decades….increasingly some believe the US are digging in and they want this to play out for a while. You won’t find this narrative in many places and the gold back or indeed oil backed rubel is coming as the first start of removing US dollar as the reserve currency. In the long term that allows repatriation of manufacturing to the west. Seemingly a terrible mess. I hope this guy is wrong and it’s just a madman…and China join and come to the rescue on Monday. However……my worry remains.
  24. I agree with the empathy on the ground. Just a correction…I said repatriate manufacturing from China, this thing hasn’t started yet. A shift from US dollars as a reserve currency. I didn’t say my belief was these things rather I said it was my worry. And my worry is this was predicted 3 years ago as gold reserves began to increase across the world. It’s the financial predictions that are alarmingly accurate around gold, oil and it alarmingly includes the invasion of Ukraine. Am I allowed to worry that there ‘might’ be two sides at play (neither of which are Ukraine) or isn’t that allowed?
  25. What is happening in Ukraine is terrible. Needs to stop. We will definately support them in some way. There is a lot of suffering and evil in the world and will this support extend and include other refugees? Still trawling the UK press for details… My worry is the US trade deficit is so enormously massive and they knew economic pain was to come. So someone to blame helps as in the short term politics. Sanctions will eventually (after years of inflation and hardship) help the US repatriate manufacturing back from China. No apologies for Putins evil behaviour but my worry is there is more afoot here and why we are seeing such a widespread sanctions campaign, whilst making it VERY clear no military campaign will follow. Syrian UNICEF donation site….and there are lots of others. https://www.unicef.org.uk/donate/syria/?gclid=Cj0KCQiAybaRBhDtARIsAIEG3kl4aE2CBESU7ShIP85uCHvsWKWFG4vDr0GyO13Jz9J8YXPN3K2D2G0aAi25EALw_wcB
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