This was recorded yesterday. We discuss particularly the outlook for the dollar and why it will be printed in increasing quantities, to rescue banks and zombie businesses
Thank you Alasdair..and thank you especially for starting this substack forum it has been quite honestly life changing. One incredibly eye opening revelation was to learn while we all get out of credit be mindful of what we jump into ( other assets priced in dollars/credit)..I'm thinking real estate ; exactly correct. When sold it has no more value measured in dollars than the similar houses in your neighborhood, so what have you gained ( I guess if you move to a poorer neighborhood). This is not to mention all other increases food,energy, other forms of paper assets etc...anyway I am only repeating what we all know, just wanted to say a great big thanks....I'm buying physical Gold as fast as I can ..and only keep enough credit for daily living..
Superb and to the point ( As Ever ) - I notice how ' Maxmark ' in his initial comment , noted that what you had to say was - " A Bit Gloomy " . Yes , somewhat ' BUT ' it is a truism that " The Truth " as in this context more than often , if not almost certainly - " Hurts " . Far better though to know what's lurking around the corner in order that we can all prepare as best as possible - rather than be " Wise After The Fact " and not have done anything by way of protection .
Thank you Alasdair..and thank you especially for starting this substack forum it has been quite honestly life changing. One incredibly eye opening revelation was to learn while we all get out of credit be mindful of what we jump into ( other assets priced in dollars/credit)..I'm thinking real estate ; exactly correct. When sold it has no more value measured in dollars than the similar houses in your neighborhood, so what have you gained ( I guess if you move to a poorer neighborhood). This is not to mention all other increases food,energy, other forms of paper assets etc...anyway I am only repeating what we all know, just wanted to say a great big thanks....I'm buying physical Gold as fast as I can ..and only keep enough credit for daily living..
Thank you have a great weekend 😊
Superb and to the point ( As Ever ) - I notice how ' Maxmark ' in his initial comment , noted that what you had to say was - " A Bit Gloomy " . Yes , somewhat ' BUT ' it is a truism that " The Truth " as in this context more than often , if not almost certainly - " Hurts " . Far better though to know what's lurking around the corner in order that we can all prepare as best as possible - rather than be " Wise After The Fact " and not have done anything by way of protection .