silver coin

Buying Wealth with Fiat Currency!

By X15 | Gold Silver Fiat & Crypto | 19 Jan 2024


I use fiat currency to purchase wealth, gold, silver and crypto. I try and do this when I have extra cash. A lot depends on the income from selling online. When I have extra currency I might buy a few junk silver dimes. Or if I have made a few big sells I may buy a couple of Silver Eagle 1 oz Silver coins. Or I might a bit of Cosmos, or Forth or Bitcoin, usually Bitcoin. I do not own much of it. As the old saying goes in investing, I don't spend more than I can afford to lose. That is how I HODL gold silver and crypto, small amounts when extra cash is on hand. Slowly it all builds to a little nest edge of protection against the Fiat Currency and as the entire Central Bank Fiat Currency (Corporation Currency) is nothing but debt. It continues to be in my personal opinion worthless. I get rid of my extra fiat currency as fast as possible.

Having said that!

If you do not have cash in your possession what will you do when the banks do not open and no ATM work. If you have a crypto card you can draw on that maybe. But if the electronic ledger system goes down for only a couple of weeks as banks and the system collapses because we have the "black swan" event of a bank bail in. Where you wake up Monday morning and find out you are a unsecured investor in the bank and they have taken your cash. "Bail In" written into law after the 2008 debacle. I find it very interesting that so few people have any cash to buy food or water if their happens to be a "black swan" banking event. 

How will you eat? If there is no way to get cash out of your bank?

I'm not even suggesting buy gold, silver or crypto but rather have cash available in the event banks are closed for two weeks or so. What will you do?

The young people love their cards and their phones to pay for nearly every item they buy. Yet this could come back to haunt many people if you have no cash money and no access to cash money. 

So you see I  have argued against my own premise, get rid of excess cash as soon as possible. That is because I am not young and do not need as much as they require. The weak I.O.U. note known as the Federal Reserve Note has lost it power, its has retained only two cents of value since its creation out of thin air over 100 years ago. Even Communist Chinese leader Mao knew the moment Nixon to the dollar off the gold standard that the US Currency was doomed to failure as all fiat currency throughout history have done.

So I spend my extra money on the three assets I mentioned. Trading fiat currency for wealth.

If one thinks about it logical it seems very odd to be pointing to the most circulated currency in the world is is totally worthless. We are bankrupt as a nation with a worthless currency. We are the new banana republic, Congress creates money like it grows on trees and Biden has somehow schemed a unlimited budget for 2024. DUH! It doesn't take a genius to see where this is going. 

Our world is not created by the people but by the money system. Our is a just debt. We are nothing but people in debt. Most everyone under the age of 40 has big debt. 

We work to serve the system of debt slavery. Plain and simple. 

 

 

 

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X15
X15

I'm just curious about a lot of things.


Gold Silver Fiat & Crypto
Gold Silver Fiat & Crypto

Just rambling about any of the above or all at the same time or nothing at all.

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