Meanwhile Back At Momma's
The US officially declared China to be a currency manipulator. It also added millions of dollars of tariffs on consumer goods from China. China responded by allowing their currency to drop in value. This means US exports to China become more expensive, and China's exports to the US become cheaper. I haven't heard if the drop in value of the yuan is enough to offset the increase in tariffs, but even if it is, the trade war has become overt.
It's more important than ever to have wealth in systems that will maintain their value over time, even during hyperinflation. Gold and silver are two great options for this as they have been stores of value for thousands of years. Also, they have no counter-party risk if you have the physical metals. Metals can't prevent hardship, but they should allow you to have purchasing power when everything gets messy.
Sometimes the world gets a little too hectic and scary. It makes me want to retreat to the safety of the house where I grew up. Tough times will come, but they're not as bad when you have family with you. For most of us, family is the driving force behind what we do. Whatever your priorities are, now's the time to clarify them and start making moves to protect yourself and your loved ones.
Not investment advice. Do your own research.
I like this song. Maybe you do too.
Wow... 110 Up-Votes and I'm the first to Send a Reply...???
We've all heard the Doom and Gloom Stories, but that's not what I see, coming our way...
I see Prosperity and Freedom returning to the United States of a Sovereign People...
August 8, 2019... 15.2 Hollywood Time...
I don't control who comments or votes. If I did, that would be a real trick! ;)
I think there's a lot of good things that can come out of this, but I think it's going to be a tough transition.
It's rare to receive Comments any more...
I suppose some people get more than others...
I just figure, most people are on Auto-Voting and never Read what's Written...
August 8, 2019... 16. 2 Hollywood Time...
I try to mix up the things I talk about as to invite new people commenting. Most people don't want to read about the same thing over and over again. They want something different and fresh. I don't always make it different, but I try to throw various topics in the mix. Maybe give that a try and see what happens.