#21 ·
History repeats itself whenever fiat currency is involved. People flock to precious metals because they’re scared—and rightfully so—that the money printers will eventually wipe out their life savings.
The whole QE1 and Queen Mary 2 era was just throwing cash at banks to keep them afloat. It wasn't even meant to help the economy, let alone save it. 🙂
If you ask me, we aren't even in the second phase yet because the Everyman hasn't started buying gold. Around here, nobody understands this stuff outside of us on forums like this. Seeing a few "we buy gold" signs in US cities isn't a sign of a bubble. We can talk about hysteria once reporters are stationed at the borders interviewing people who are fleeing the country just to BUY gold. But unlike other speculative manias, this won't be about trading profits; it'll be a fight for survival.
Crises don't just happen by accident. The same people trying to "fix" the current mess are the ones who caused it in the first place. There's a reason for that. The wealthy get wealthier, while the poor scavenging for scraps don't have much to lose anyway. The real victims will be the remnants of the middle class, who are basically being turned into serfs. Location doesn't matter—America, Europe, Asia... it's all the same. The system is collapsing, and 99% of people are completely oblivious to what's actually happening.
As long as they stay blind, precious metals will keep shining.
The whole QE1 and Queen Mary 2 era was just throwing cash at banks to keep them afloat. It wasn't even meant to help the economy, let alone save it. 🙂
If you ask me, we aren't even in the second phase yet because the Everyman hasn't started buying gold. Around here, nobody understands this stuff outside of us on forums like this. Seeing a few "we buy gold" signs in US cities isn't a sign of a bubble. We can talk about hysteria once reporters are stationed at the borders interviewing people who are fleeing the country just to BUY gold. But unlike other speculative manias, this won't be about trading profits; it'll be a fight for survival.
Crises don't just happen by accident. The same people trying to "fix" the current mess are the ones who caused it in the first place. There's a reason for that. The wealthy get wealthier, while the poor scavenging for scraps don't have much to lose anyway. The real victims will be the remnants of the middle class, who are basically being turned into serfs. Location doesn't matter—America, Europe, Asia... it's all the same. The system is collapsing, and 99% of people are completely oblivious to what's actually happening.
As long as they stay blind, precious metals will keep shining.
