Comments by "Nattygsbord" (@nattygsbord) on "Metatron"
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western currencies are floating currencies not backed in something
They are backed by the government.
Western currencies are floating currencies not backed in something finite and material like gold, silver, or other precious metals
The scarcity of a thing doesn't give it any value. If burn a sack of collected butthair the stuff will not increase in price despite its more scarce. Its rather the consumer demand that makes a product valuable. People could be willing to pay thousands of dollars for useless stocks in a bankrupth company if they just imagine the stocks got any value.
* floating currencies not backed in something finite and material like gold, silver, or other precious metals but rather faith in our government our money can either depreciate or gain value over time.*
Guess what? Silver and gold also floats up and down in price. So if you buy gold when it is expensive and you sell it when the price is low, then you will lose money. I know Youtubers who bought Silver at $50 and sold it at $20.... and those people have lost thousands of dollars.
So precious metals doesn't preserve any purchasing power. Its also useless in an economic crisis, since people want shit to eat, they want medicines, they want guns, they want firewood, or batteries.... but a silly coin is just fucking pointless. And no one on the street is carrying 1000 Euros in their pockets so you can sell a 1oz gold coin at a fair price anyways.
If I would store wealth I rather buy useful stuff I could need and that others want, and are willing to exchange things for.
And if I was a rich person I would rather buy forrest, housing and land so I atleast could get some rent income each month - something that is impossible to get with gold.
Gold is overpriced. Its an ugly metal. It got almost no industrial fields of usage. Its garbage. One could just as well speculating in hockey cards, paintings, or buying furniture on Ebay.
let's say a financial collapse for instance; all of your money in the bank would be rendered practically useless. If you truly want to prepare, then it is best to allocate some money now periodically to buying gold and other precious metals as their values stay relatively constant, independent of currency shifts.
This is what clown-"economists" like Peter Schiff, Max Keiser, Mike Maloney, Marc Faber, John Williams and Jim Rodgers have predicted in the past as well, and their predictions have failed. Peter Schiff have promised hyperinflation and doomsday in America for a decade now, while the dollar is strong and the silver price have crashed from 50 dollar down to 18 dollars today. So people who bought silver at the top have lost almost two-thirds of their wealth. For them it would obviously have been better to have saved their dollar or bought government bonds than listening to useless Austrian school economists.
And if an economic crash would happen, I think it would be far more likely that the economy goes into deflation than inflation... so I rather pay off my debts than borrowing as much money as I can to buy useless coins.
The Trichet plan for Europe has been deflationary, and governments have been forced by the EU to run surpluses - which means that they have to take in more money in taxes than they pump into the economy by spending. And that in turn creates a nice balance sheet for the government at the expense of the private sector, who suffers from declining amount of money in circulation, less money for consumers to spend, less profits for companies, lower wages for workers or layoffs - which creates unemployment that push down wages when competition for jobs increase... and when people have less money, consumption, profits and wages will fall even further... and companies have to lower prices so people can afford to buy, but that also lowers profits for companies. So prices fall and the economy is in a deflationary circle, that harms people without jobs, money and who are sitting on large loans.
Historically Kings and various monarchs hoarded gold and silver
This was because medieval armies depended much on mercenary armies, and those troops wanted to be paid regardless if the king they fought for won or lost the war... so just giving a paper note saying "I promise to pay in the future" wasn't good enough, so therefore kings used gold and silver.
However, in a modern economy those metals are useless from a monetary standpoint. Silver does atleast have great industrial properties, but annual global silver production is more than enough to cover global demand for coins and jewelry, and to also leave more than enough over for industrial use. Furthermore is there a limit on how far up the price will go, before industrial companies will start using other cheaper metals like copper or aluminium instead. And a high rise in silver prices would also make people happy to dump inherited silverwares out for sale on the silvermarket and thereby making the price of silver to drop.
And the future for gold as a monetary metal seems even more dark to me, since it is a metal with extremely few industrial uses. Its a soft and heavy metal, and not that pretty for jewelry. Its price is overvalued because clowns have fooled people into believing this useless metal could save them if the world economy would collapse.
But the metal got no "use value" to borrow a Marxist term. You cannot eat it, it doesn't keep you warm... its useless in desperate times. In most economic crashes no one used it either...in Argentina people used paper dollars instead of the argentinian dollar, in Russia they also used dollars instead during the fall of the ruble.
So the gold is soon to be dead as a monetary asset when people stop believing in it. It really got no intrinsic value. Its scarce, but pretty useless - unlike silver wich is much more the opposite.
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First of all I wouldn't make a youtube video telling everyone that I got food to plunder. But besides that I would buy food and toilet paper, because they add no costs to store up... you don't buy any more food or toilet paper, you just buy them at another time.
When it comes to finances my priority would be to pay off as much debts as possible, so a crashed economy would harm me as little as possible if I lose my job. So buying gold coins with borrowed money is just complete idiocy. The Eurozone is more in favour of debtdeflation and austarity measures than hyperinflatition or even high inflation.
I think a weapon is a good thing to have to keep muslims away when the police is useless, and a guard dog could also be nice. Having electronic sensors and a smart electronic security system is also a good thing to have if one could afford it. And if you are stupid enough to own useless gold or silver coins (which are useless items when people are starving and rather want food, heat, guns, and batteries) you could dig your coins down into the ground, and if you are afraid of metal detectors you can make life difficult for thiefs to find the coins by also digging down metal garbage at random places so the metal detector constantly gets false alarms.
And forming a local militia to protect the village in the case of unrest could also be a good thing, so houses don't get looted by robber bands.
And if I was extremely rich and had my foodsupplies, my guns, and my debt free life. I could add more things to my list - for example an electronc home security system with glass break detectors, laser trap alarms, security cameras, automatic lightning up of the home when no one is home etc.. and also add up some window fences, a wall (preferbly with broken glass in the concrete so it becomes painful to climb over it), and bushes around the home would added to deny insight, or removed so an intruder can get spotted early on.
When going out, you should just blend in with the rest of the population. If thugs see that you are rich they will just try to rob you, and your weapon needs to be hidden underneath your jacket and easy to access for you. So if a thug comes closer, you can fastly demostrate that you are armed and hopefully he will just turn around and try to attack oldies and women that are simpler prey for a local gangster.
And if you own wast amounts of money I say government bonds is a safe place. And owning forrest and farmland is also safe investments that also generate a yearly rate of return on the money you have put into it. Same thing could also be said with housing, which you can rent out.
Cash is also good to have available at hand. Retards who believe in hyperinflation can ruin themselves buying gold and silver, paintings and cars for money they dont have.
But as I said, I am more of person who rather fear deflation in Europe. And I also think peak oil got more of a longterm deflationary effect on the economy, and if America would go belly up again I think deflation would also be the problem again.
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Vikings long, strong, brave, manly, skilled sailors. Admireable in many ways, but would never have been able to take on a large organized army head on.
The Vikings usally only had an axe and perhaps an helmet. And some perhaps also had a shield And the lucky richer Vikings could have a sword and some armour stolen from a killed enemy. But Vikings didn't have anything more than that. Their equipment were shitty and their tactics were primitive compared to real European armies. So they had to rely on speed and surprise and take their fast ships near the coast and make a hit and run raid of plunder before anyone could strike back at them.
So the viking woulve been crushed by the roman. The romans had better weapons and armour, better tactics, more experience in real combat instead of killing unarmed civilians, the romans also had better organization, they roman army also outnumbered the vikings, and roman engineering was also superior.
The vikings were pirates more than organized army. They were not like the mongols or teutonic knights
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