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Re: XARD - Simple Trend Following Trading System

xard777, Sun Jun 12, 2022 4:12 am

Chilling on a Saturday afternoon on my leather recliner reading "Too Big To Jail", (gone old school with a hardback copy) about the world's local bank HSBC and the biggest drug-trafficking organization in the world. It is amazing how not one banker went to jail and that their 1.9 Billion dollar fine amounted to only five weeks' worth of profits.
Xard777

If in the very near future the banks decide to (temporary) hold onto your money and allow you access to it via the ATM at say 300 buckeroos per day then those of you that have say 100k in their accounts would have to allow the best part of a year to get their funds out of the bank that is providing the ATM spits cash out every day. Other account holders with way more money, well you are just royally fucked to put it politely. Also, how much would those funds be worth during a period of hyperinflation?

Just remember cash is trash, paper money (Fiat) intrinsic value always goes back to ZERO (There has never been fiat currency that has not). Also, paper currencies is NOT money, they are the illusion of money based on faith, and when (not if) people lose faith in their currencies, that is when hyperinflation takes over very quickly.

Hard assets (your house, rental properties, and businesses) are only good if they are invisible (hidden behind an LLC), paper treasury notes are worthless.
Only metal wins out the test of time (Gold & Silver, that is your real money). The worst thing that the US did was come out of the gold standard (they did not have a choice as they did not have enough gold to pay the bearer due to all the excess printing of US Dollars - Stupid is what Stupid does and Big government is Big on Stupid).

In 1913 the Dollar was worth a Dollar, four years ago a dollar was worth 2 cents, under resident Biden your guess is as good as mine. The more a government debases its currency (prints more) the less you can buy with it (and resident Biden has printed a shit load of it - for every action there is a reaction and those chickens are coming home to roost).

Quantitative Easing (QE) gave us an abundance of printed dollars that the banks used as liquidity to give out loans, mortgages, and record bonuses. The end result, was the 2008 crisis followed by QE2, QE3...

Now we have Quantitative Tightening (QT), and the Feds are buying back the bonds (100+ million per month and more). Add inflation to the mix and we have the perfect recipe - just sit back and watch the souffle hit the fan :-)
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