βοΈ THE "GREAT DEPRESSION" IS COMING... WHAT SMART PEOPLE ARE DOING RIGHT NOW! πββοΈ
First off, I'm not a financial advisor (most are broke as fuck themselves) and be sure take everything I say here with a grain of salt. πββοΈ
In my opinion, we are straight heading toward a "New Depression" in the next few years.
What the difference from a recession and a depression? A recession is widespread economic decline that lasts for at least six months and a depression is a more severe decline that lasts for several years.
I'm not here to scare you but to prepare what is yet to come. πββοΈ
This will not happen overnight and it will take a few years for this to happen. Yes, we will see a bounce and the stabilization of Stocks, Equities, etc... etc... and things of that sort after "Trillions of Dollars" are being printed around the world to "prop" up the "illusion" of economic growth. However, this is all fake!
"So Charles, what should we all do and how do we prepare ourselves?"
I'm going to make it real simple for all of you... Start STACKIN' Cash, Gold/Silver (Precious Metals), and Bitcoin.
Can Gold/Silver and Bitcoin still go down from here? Hell yes it can through deflation, paper and leverage manipulation. π
Don't go rushing into these so called "Assets" right away and the "game plan" would be buy them when they take massive dips or you can dollar cost average down. π π
There is a huge opportunity here to prepare for the greatest financial crisis that will start to happen in the coming years. π
Less than 1% of people will take this advice and for those who will listen... will be able to come out of this "bad situation" very easily.
We are heading toward tuff times but it doesn't have to be that way... keep it simple by saving cash, gold/silver and bitcoin and at the end of they day, you will be ok.
With that being said, it's going to be ok guys... start being positive and smart... and this "little speed bump" that we're all are about to experience will behind us in no time at all.
Keep on STACKIN! π
~ Charles Fuchs
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I'm torn between the hyperinflation theory that most gold bugs believe in and the milkshake theory from brent Johnson. Defaltionairy collapse leading to hyperinflation or the USA sucks up currencies from around the world like a vacuum. The debt vortex lol
Its going to be interesting times... it can go either way but the "end game" is going to be a reset of the whole economy monetary system :)
Ya bro, I don't know why everyone gets so depressed over it. I think it's exciting lol I see it as an opportunity!
I agree, a huge opportunity... to bad most people won't see it like us π
cash == king
gold == robust, stable
bitcoin == ??
i think nobody really knows what bitcoin really is.
Save haven ? No!
Secure investment? No!
Crisis-proof investment? No, not really!
Doomed? I dont know!
Fraud? who the f*** said that?
Curse? mine definitely!
Please mention me if a true definition exists.
π€£
You're right, my definition:
Bitcoin = Everything against the "debt slave system" LOL
pretty close to the truthπ
Good definition.
Agreed. Buy a little each week or each paycheck and slowly start saving! Good call @stackin
... or one can wait for the huge capitulation similar we seen last month on bitcornnns lol
Perhaps I am going to save some gold, silver and some Bitcoin. But for fiat currency perhaps I kill some. Since the government keep printing it, no reason for me to keep more. Also I will buy some land away from the cities. In case of zombie apocalypse I had something to with off-grid.
Don't forget to have a gun for those zombies haha
Hahaha, I got my artillery ready.
How about saving some Hive as well ? ;)
Depends, I'm trading a lot of Cryptos right now arbitraging like crazy lol
I think nothing is going high to everytime, its changing with time by demanding, land- full value, gold- half value and clothing- negative / zero!
I like my nikes though lol
I'm hoarding BTC and ETH, and it seems that soon Celsius will accept PAX gold to earn interest, so maybe I'll soon start buying tokenized gold in the form of PAX gold and earn interest from it. Getting ready for this depression that is coming...
Great advice Charles!
We got some time... but it's going to get bad in couple of years here is America... I would like a prepper these days π