Sep '23 (edited) in General discussion
Bitcoin, DeFi, Gold & Silver for Getting out of Dodge
Today’s financial world is over-centralized. It’s a fact, and it’s becoming increasingly clear by the week, perhaps even on a daily basis as I write. The roots of this go back pretty far, and many excellent books have been written about it – and so often been discarded as too contrarian, or not proven, or outright been dismissed as conspiracy theories. Well, with so many of them turning out to (unfortunately) be very true, and the financial situation getting more nerve-wrecking every day, it may be time to take a better look – and take a good hard look at solutions that are different from what’s clearly not working.
As if the events back in 2008 weren’t enough, the world has been pretending that it’s handled and taken care of by the smart and great bankers, bureaucrats and governments throughout the world.
Far from it.
If you cared to look closely – then and now – you would have realized that something was off for a very long time. That would at least include the late 1990s and the goings on around artificially low interest rates (to allegedly “keep the economy growing”) and resulting grave mis-allocations into pretty much anything “not affected” by those inadequately low rates. Fast-forward to 2007 for a glimpse of the ugly results this has been yielding: no-money-down mortgages, the disposal of the same through ABS or derivatives “packaging” that nobody really understands (nor understood back in the day when “it was done”) a consultant-dominated financial industry where true value and the most basic understanding of prudent business had been replaced with quickly pocketing some margin money for “selling a mortgage package” (or any other pile of fishy paper) in order to make a quick (paper) profit to show to your superiors or to your shareholders, or similarly risky and outright negligent behavior on the part of almost all the big players. Little wonder this cannot end well. We all know that. Every person should. These things have that nasty tendency to come home to roost; now they do. Even bankers and, politicians, or Fed officials should know that (and they know: you can see this when the failure and apparently orderly takeover of Credit Suisse by UBS and/or the Swiss government are hush-hushed and hardly even in the news).
“The farther back you can look, the farther forward you are likely to see.” The famous quote by Winston Churchill is one of the best pieces of advice for traders and trading, and also for pretty much everything else in life. It both should encourage you to find out what was happening (at least back in 2008, better yet in the run-up to that problem and why in a world of post-1971 paper currency the entire thing isn’t really surprising), as well as what you can do in order to not get hammered now.
Understanding the problem, or at least the basics and forces at work here, is your first step for finding solutions and navigating your course clear of it. This book can be a set of charts to help you achieve this. Beyond just pointing to the problem and explaining it, it also introduces you to alternatives that aren’t related to that problem. This problem being multi-faceted and consisting of today’s, if you will, worthless paper currencies together with the fact that these are also intertwined with one another and also based on a structure that is complicated by design – and may well be laid out that way in order to confuse and as a result discourage the person in the street to even bother looking into it –, a solution does not seem easy. It may even seem impossible to find. The opposite is true though, and this book will show you how to easily understand and see why.
Once you have learned about your options for dodging the problem, or potentially even profiting from it, and the type of solutions available, you will also learn how to use a number of the more complicated-looking solutions and tools available. Some of them are tech-based, some of them aren’t. There is even a number of ways to apply those tools without any computer or internet connection. So it doesn’t matter whether you are tech-savvy or not, whether you like or dislike all-things-internet, and whether or not you believe that today’s internet (in its also increasingly over-centralized nature with Facebook, Google, Amazon, Bing, Apple and Microsoft controlling what you can access, can find, can buy, or how you may use or can run your own hardware today) is itself part of the problem. Some of the solutions available can be applied basically just using a pen and paper, are better when adding some “analog” or 1980s-style technology like landline phones or a fax, copy machines, but absolutely do not require any computers, let alone smartphones or internet. (You sure can add them, if that’s your personal style or if you believe it makes things easier, or if you can’t write without auto-correct anymore.) Even then, this book is for you and can teach you to use and even profit from tools that may proof a great alternative – possibly the only useful alternative – to today’s train-wreck of mainstream finances, investing, communications or a whole lot of other systems that are centralized – or over-centralized.
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Bitcoin, DeFi, Gold & Silver for Getting out of Dodge
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