ARE YOU READY?!

in #economy8 years ago (edited)

in 1973 the lending rate was at 29.675 as of January 3rd, 2018 it was at 13.237 so less than half when they were very starting this program and it plunged just like the stock market recently did

What it tells you is the banks know they are insolvent, they won't loan out any money because they don't think if they are getting it back, and that what happened at the beginning of the year, NOT an accident

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This drop of confidence started in 2008 and now it just precipitated after we saw a drop in the DOW a month before

So what let the DOW etc drop that steep in an almost nose dive manner?

  • BITCOIN

They loaded up the "truck" of bitcoin!

Loaded it up so much that Mario Draghi had to come out and say

Hey, :)...we are really considering to get our hands on some bitcoin too, guys...he-hey,...let's do some internal loans with each others like the good old days he-he-he :)

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So now what we will see is an incredibly long period of volatility of the BTC as Europe will start to play the coin in a private ping pong game with America

At least for the Q1 and Q2 of this year before they open it for the public in September and then we will see an incredible run to maybe a 100K$ for BTC at the end of the year...

The dollar by then, if the banks loaded the mother on that coin, will slowly fade away as from now because they already started printing more dollars to buy BTC around the USDTether incident period just a few days ago

What it was is that more dollars were printed that will make it impossible for it be repaid as Bitcoin sucks it all inside

A major economic collapse could possibly happen by Q4 and ... well...I can't sugar coat it...we are screwed pretty much, as simple as it could be

The privacy coins will be taking out by a simple government decree

The precious metals will have to be converted into fiat and that's when they will get you

So what to do?

  • Go to war with different weapons

Meaning:

  • hold physical gold
  • hold some fiat money to buy some tangible good like real estate but hold enough to re position your self in the stock market, not yet but eventually after the super hyperinflation which will bring us back to the gold backed currency
  • Get out as much of debt, especially that variable interest rate and if you can't accumulate gold and silver to help you get out after the collapse
  • Food! buy everything that is naturally preserved for long time or well preserved content from rice to your cat favorite can...make a deal with the retailer for a discount on large quantities, usually they do
  • just look at where you are most vulnerable and act on it right away!
  • have an afternoon glass of wine ( I like the sparkly one hmmm) relax and think of an exit plan to another country, if you get interrupted by mr "Hey, what are you doing?"... look him dead in the eye and tell him...

I - AM - NOT - HERE!!

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No, really..lol, I don't know...nor is this a financial advice

God bless you and be ready

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