Monday, June 17, 2024

“They Already Took your Assets! You Just Don’t Know Yet” - Luke Gromen (Video - 14mn)

  Often we're talking about the "coming" crisis as if it was something abstract which sometimes in the future will strike us out of the blue. Well, think again or more practically, read The Great Taking.

  The current financial crisis has been in the making for the last 50 years, since at least the "temporary" decoupling of the US dollar and gold in 1971. Now the money you have on your bank account is a lot of things before being yours. In the end you're just a lowly creditor to your bank. So that when the system goes under, and it will eventually, the money will shore up the bank first and what is left will be yours. Nominally at least since practically, you probably won't have access to it.

  There is much more in the video below, so well worth listening to. (The alternative is spending a few weeks in Argentina in order to understand how a post bankrupt country operates. Since it is not very fun, most people won't do it. Quite a shame.)

  Second part of the video when they're "bullish" about the US is short and can be listened to at x2 speed. I guess you've got to say something positive after you spill the financial beans!

 If you enjoyed the first video, here's another one, just as good.



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