by theluckycountry » Mon 15 Dec 2025, 00:35:20
$this->bbcode_second_pass_quote('Armageddon', '
')They all want gold
Something our beloved troll wishes he's bought, along with kub and plant and a host of others no doubt. That will teach them to stick their heads in the TV set all night. Do the wealthy watch the 6 O'clock news? Of course not, they are enjoying cocktails or dressing for a night out. The biggest wealth transition of a decade and most missed it. It had to be that way though, for I remember calculating 15 years ago about, that 50,000 middle class people with an investment of $100k could have bought up every ounce of silver on the Planet.
This is why we need the huge stock market bubble, and for the Millennials, the Crypto bubble, even the RE bubbles. All the excess wealth people have beyond their consumption must be isolated because the resources of the planet couldn't hope to absorb it all. Gold and Silver are canaries in the coal mine, they are no different to Copper and Steel and oil and food in that they reflect the scarcity of natural resources among 8 Billion people. When the crunch comes and this debt super-cycle ends all those digital and fantasy assets will drop like stones, reflecting the actual value of what underlies them. Crypto's, Hope in a transition (their way). The stock markets, bloated debt ridden companies making unnecessary products for the most part. Luxury cars, satellites for internet access, home delivered trinkets. And the overinflated City RE markets, the Dream that we can all continue living a 20th century lifestyle like when oil was a third the price and global population half.
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.