by theluckycountry » Sun 09 Feb 2025, 20:32:35
When the Entire Western World made private pensions law in the 80's, when interest rates were astronomical, I saw a poster on the wall of a lunch room that claimed I'd be retired as a millionaire by age 55. I didn't believe it for one minute, it was preposterous, and at the time I had no idea about interest rate cycles or financial markets. Obviously I had missed all the entrainment propaganda on TV and was instead relying on common sense.
That was beginning of one of the biggest financial scams in history. The looting of workers wages to create a massive pool of wealth the elite could manipulate and suck on as the years passed. The reality of this was no more obvious than during the GFC when the markets (and pension payments) were slashed in half. Some people woke up at that point and took their money and went into RE. But that was a trap too, and they only exacerbated the bubble there.
I went to Gold early in the 00's because the mainstream media denigrated it. Why? Because obviously they couldn't make any money out of it. Just follow the money, it will tell you what's afoot. Is it going from your hands, your control, into the hands of strangers? Have they changed the laws, quietly, to ensure you have no redress? They did that with common stocks a decade or so ago. You buy them, but by law you're not the owner. You are a beneficial owner, the real owner, who has full control of them, is the brokerage house. If they decide to sell them for peanuts and buy US bonds (to save the nation) you have no say in the matter.
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.