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>> No.30274542 [View]
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30274542

but hey, I get it. what’s the point in actually having value in our currency, right? not like draining the precious metals from the currency lead to the fall of Rome or anything...

>> No.30252052 [View]
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30252052

>>30249762
>who do I believe
/pmg/

>> No.30177967 [View]
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30177967

>>30177933

>> No.29445487 [View]
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29445487

It's bloody painful and I hate it. I hate that I have to borrow hundreds of thousands of dollars that I will have to spend 30 years repaying, regardless of boomers saying I should be grateful because
>muh low interest rates
I would rather pay 10% interest and be able to have no debt in 7 years than 3% interest and be in debt for the rest of my damn life with the bank staring over my shoulder and me hoping and praying my work remains stable. I hate central bankers so damn much.

>> No.22497518 [View]
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>>22497140
thank you. I do appreciate how early we are in this thing because I've studied previous G/S bull markets. the fact that we never recovered fully from the 2000 & 2008 crashes means a 'secular' bull market is sure to form because of how long the printer has been on. yet the acoomulation has been relatively not very high. this is counterintuitive but the reason is bc buyers are stupid and if something is cheap they will undervalue it, which is incidentally why metals get more desirable as they get more expensive.

up another $500 in the interim on these shit stonks of miners.

also google says a secular market is when the fundamentals are in place for it to go on for a long time.

>>22497307
crypto trades on nothing. silver and gold future prices, and associated miner prices is not the same thing at all. you can look at how banks are positioning themselves (net long/short) wrt silver and gold contracts and come to your own conclusions. crypto is an entirely emotional market

>> No.22436870 [View]
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22436870

WE'RE THE ROMANS AHHHHHHHHHHH

>> No.22436388 [View]
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>>22436225
>fuck you whoever posted this image here few days ago you piece of shit, you completely destroyed the roman empire and i couldnt look at it the same way since, i defected to the ostragoths and i feel like garbage now. jesus christ im so weak some meme image made me do this

>> No.21967778 [View]
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>>21967249
average height was like 5'5" but yeah i get you
>>21967077
the taxes they paid per annum were only two days pay, too

>> No.19965087 [View]
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19965087

>>19964342
Great post, anon. I'd like to also provide a daily reminder:
At the height of the Roman empire, the annual taxes were equivalent to TWO DAYS wages for the average citizen. This provided you with safety and quality of life unsurpassed by any country in the world up to that point.

>> No.19918174 [View]
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19918174

>>19918011
>>19918019

Here is what I will say. Why didn't we get consumer-price inflation in 2011? Why were the gold-bugs proven wrong? Because the Fed was able to redirect the expansion of the money-supply into asset-bubbles. But that can't happen this time. The real economy has been so damaged by their policies, that real unemployment, according to John Williams of Shadowstats, is now 40%. Helicopter money is about to become commonplace simply in order to keep people alive. All that money will work its way through the real economy, and high inflation is thus unavoidable. Again, yields were still 5% in 2008, so that bonds still had some sort of desirability; but, now that they are negative, foreign investors have no reason to buy them, and the Fed is going to have to monetize the debt completely; this, again, means massive inflation in the real economy. We are talking about tens of trillions, since yields simply cannot be allowed to go beyond 1%. Now, if you highly inflate your currency to that extent, and get yourself caught in a debt-trap, it _will_ be debased. It _must_ be debased. There is no way of escaping from that utter inevitability. America can no more prop up its currency from here onward, than the Romans could their debased silver coinage. This is why Turkey, Russia, China, have been hoarding gold since 2008.

>> No.19916747 [View]
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19916747

>>19916697

America is a land of consumers which lives by printing dollars to devour the goods of productive nations. Once the international community rejects the dollar, which it will do soon, America is done. It immediately becomes a joke and a nothing-country. It has no manufacturing; it cannot sustain itself of its own accord. Rome's military crumbled once it debased its currency.

>> No.19914744 [View]
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19914744

>>19914683

Debased Roman coinage was backed by the Roman army. Did not do the Romans any good.

>> No.19674196 [View]
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>>19674142

I tend to think that the argument that the U. S. military could prop up a hyper-inflated dollar is to put the cart before the horse. Rome collapsed when it debased its currency, and could no longer pay its soldiers. So I don't see why the U. S. will be any different. Especially when it has serious competitors like Russia and China who have been hoarding gold since 2008. They can't be wiped out like Gaddafi with his gold dinar.

>> No.19581533 [View]
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19581533

>>19581424

People forget that ancient Rome was the most powerful empire in the world, but that, when their money was debased, they could no longer pay their soldiers, and their society collapsed. No money means no military.

>> No.19565951 [View]
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19565951

>>19565898

>if the US currency implodes for no reason, does that mean the military might also disappears

I presume so, yes. This is what happened to the Roman Empire, at any rate. The later Romans debased their coinage again and again until there was no silver content left in it, and they could no longer pay their soldiers; upon which, they were promptly conquered by more virtuous nations. I presume that China and Russia will show their hand when they feel that there is no longer any danger of their suffering the fate of Libya or Iraq. All they have to do is be patient.

Britain definitely will not come out of this well. Our debt is enormous. Canada will do even worse; they sold literally all their gold reserves. Probably they will respond to the coming crisis by nationalizing their mines, which is a prospect which any investor in Canadian miners ought to be aware of.

>Regarding your second point about Europe: but would Europe also go to a gold-backed standard?

If the fiat system collapsed, including the Euro, I suppose that they would have to do so.



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