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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Now the us govt is insolvent and the usd is toast..since 08 it has been a scorched earth policy .
There is nothing left to rebuild upon..now it is a start from scratch proposition..that means real hard times for everybody including billionaires because the usd that their fortune is based upon is toast. It is like confederate money.
And all the structures that are built based upon the usd are toast as well.
My house is worth 1m usd..and that usd is worth zero. Or 20oz of gold at 50k an oz...but who has 20oz of Gold to buy it? Remember banks are all but gone..it might take you a year to earn an oz of Gold. So maybe you.will take an oz or 2 of gold for yer house if you need to.
Social wefare and entitlements..blown.away with the wind..
Pensions...zip..gone broke
Last edited by tabs; 06-18-2021 at 10:01 AM..
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