The stock market crash in 1929 was engineered. It was designed to take our choice away, knowing the only way we could continue to protect ourselves from inflation was through the gold standard.
This made the way for the Federal Reserve in 1933 to transition from the gold standard, to what we have now, which is a highly inflationary standard of living. Our dollar is still supposed to be backed by gold, but is there reason to believe it is? Fort Knox has not had an audit since 1953, which to me is very concerning.
What is happening now is that we are facing the end of the dollar; therefore, we will be moving toward or into a crypto crisis. Which is just another system I feel that is doomed to fail.
Expect “just” another financial crisis in order for the banking system to initiate our next new currency. The last financial crisis in 2008 left the Fed without any tools to save us in a future crisis; they infused almost a trillion dollars last time in order to save the economy. It’s said they no longer have that tool.
In order to protect what assets you have left, diversification is important, and being debt-free helps. Otherwise, check out silver and hold cash in small denominations in case of a bank shutdown. Store food if you feel inclined; we could be in for hard times. Possibly for three to five years until the system works through new currency changes.
Bill Utrup
Dolores