Warren Buffett On Retirement

[Jacob Petersheim]

Long but good. Brutal, but honest.

"Retirees Who Ignore This Are Headed for Disaster"

Of course he is probably talking to people with more money than most of us.

 

[Mary Stetler]

What happens after hyper-inflation

 

[Jacob Petersheim]

Hmm, the video has gone "private." I wonder whether there was a copyright claim or something.

 

[Don Alaska]

Hmm, the video has gone "private." I wonder whether there was a copyright claim or something.

I can see it, and I have all kinds of privacy stuff on the computer.

 

[Jacob Petersheim]

I can see it, and I have all kinds of privacy stuff on the computer.

I was referring post my post #1, I can't see that video any more.

 

[Don Alaska]

What happens after hyper-inflation

I once read that the Federal Reserve was patterned after the Deutsche Bank. It was intended to inflate the currency over time and collapse in about a century. We have passed the century mark for the Federal Reserve, and it seems to be on its last legs. We'll see what happens next. The Dollar has one advantage over the paper Mark--it has been the world's reserve currency for several decades, and people all over the world still hold Dollars. That is why we are still afloat--we have been exporting our inflation to other nations. If the BRICS Alliance gets a substitute currency going that is widely accepted, the Dollar--and the U.S. economy--will be history. I think that is what Trump fears and that may be why he is using the economic power of the U.S. while it still exists. and why he is trying to get cryptocurrency going here.

The idea in the video about the government seizing precious metals is something I have been concerned with for some time. Although I don't think the U.S. government will come into most people's home after metal, they conceivably will come after those with very large stashes should the need arise, and they likely will make trading in gold, silver, and other metals illegal as Roosevelt did when he gained the Presidency with a simple Executive Order. No law was even needed. They probably would seize any IRAs or 401Ks holding gold and silver as well.

 

[Mary Stetler]

Hmm, the video has gone "private." I wonder whether there was a copyright claim or something.

you could probably type in Warren Buffet and the title in the youtube search. He has had quite a few common sense items on recently.

 

[Mary Stetler]

I once read that the Federal Reserve was patterned after the Deutsche Bank. It was intended to inflate the currency over time and collapse in about a century. We have passed the century mark for the Federal Reserve, and it seems to be on its last legs. We'll see what happens next. The Dollar has one advantage over the paper Mark--it has been the world's reserve currency for several decades, and people all over the world still hold Dollars. That is why we are still afloat--we have been exporting our inflation to other nations. If the BRICS Alliance gets a substitute currency going that is widely accepted, the Dollar--and the U.S. economy--will be history. I think that is what Trump fears and that may be why he is using the economic power of the U.S. while it still exists. and why he is trying to get cryptocurrency going here.

The idea in the video about the government seizing precious metals is something I have been concerned with for some time. Although I don't think the U.S. government will come into most people's home after metal, they conceivably will come after those with very large stashes should the need arise, and they likely will make trading in gold, silver, and other metals illegal as Roosevelt did when he gained the Presidency with a simple Executive Order. No law was even needed. They probably would seize any IRAs or 401Ks holding gold and silver as well.

Our 'Freedom' is an illusion. We have been used from the get go but it was a good run while it lasted. I was born at just the right time in just the right place and I still have my little farm.