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Financial Underground
financialunderground@nostrplebs.com
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We are more interested in getting the Big Picture right than gambling with short-term trades in rigged markets.
According to Forbes, there are around 806 billionaires in the US with a combined net worth of about $5.8 trillion. Even if the US government confiscated 100% of their assets with a wealth tax, it wouldn't even cover federal spending for just one year. It certainly wouldn't change the trajectory of the debt spiral, which is now an unstoppable trend.
For thousands of years, gold has always been mankind’s hardest money. That all changed on April 19, 2024, and most people have no idea. image
Savers face the daunting task of outpacing inflation AND the capital gains tax just to maintain their purchasing power. That’s made saving an impossible task for many people. Previously, people could simply save in money, which was either gold or a derivative of it. There was no need for a dentist, a construction worker, or a taxi driver to also become a hedge fund manager to try to keep their heads above water.
How will you save for the future—or retirement—when the US dollar loses 50% of its value every nine years, in the best-case scenario? In reality, you probably have much less than nine years before the US dollar loses half of its purchasing power again. That’s a big problem EVERYONE will have to address soon.
Let me put it into the simplest and most concise terms. 1. Central banks create fake money out of thin air and loan it to governments at interest. 2. Governments use violence and threats of violence to extract taxes from average citizens to pay the interest on the fake money the central banks created out of thin air. 3. Like the mafia, they can deploy violence to ensure there is no competition to their privileged racket. That’s the unvarnished truth about central banking. In short, it’s the business of usury and tax farming.