I've read some interesting takes elsewhere and I'm inclined to think that there's something to the theory that Powell, Yellen and the f-ed up leviathan we call the federal government are doing all of this on purpose. They know that continuing to raise rates is going to cause banks to collapse and the theory is that is exactly what they want. Why? Because it is the perfect "crises" they will use to force us into Central Bank Digital Currency and do a phased ban on physical cash.
Joel, perhaps you and Messrs. Bonner, Dyson and Denning could provide your insights as to what you will do beyond owning a lot of physical gold and real estate if the government and central bank take that kind of control? I'm guessing Mr. Bonner has a lot of money outside the U.S. banking system, but from what I read this is going to be a very common tactic used all over the world and it's coming very, very soon.
I'm still hanging in there (going on 3 years) with the Biotech/Gene Editing side of Early Stage Trader (now Exponential Tech Investor) portfolio. Been a VERY bumpy ride, mostly downhill unfortunately. But hey - if your gonna swing for the fences...
You are truly a kindred spirit. I subscribed to Early Stage Trader when Brown launched it, but it did so poorly in the first year I opted out. I fear that "opting out" won't be an option with FedNow.
I tuned in to make a comment and the first thing I saw was someone else making the same comment and someone else agreeing. If I were a central banker wanting to control the entire system with CDBC, this looks like the playbook. Thanks for all of your comments.
I've read some interesting takes elsewhere and I'm inclined to think that there's something to the theory that Powell, Yellen and the f-ed up leviathan we call the federal government are doing all of this on purpose. They know that continuing to raise rates is going to cause banks to collapse and the theory is that is exactly what they want. Why? Because it is the perfect "crises" they will use to force us into Central Bank Digital Currency and do a phased ban on physical cash.
Joel, perhaps you and Messrs. Bonner, Dyson and Denning could provide your insights as to what you will do beyond owning a lot of physical gold and real estate if the government and central bank take that kind of control? I'm guessing Mr. Bonner has a lot of money outside the U.S. banking system, but from what I read this is going to be a very common tactic used all over the world and it's coming very, very soon.
Hi Mark -
JB has some good stuff on a consistent basis IMO.
I'm still hanging in there (going on 3 years) with the Biotech/Gene Editing side of Early Stage Trader (now Exponential Tech Investor) portfolio. Been a VERY bumpy ride, mostly downhill unfortunately. But hey - if your gonna swing for the fences...
You are truly a kindred spirit. I subscribed to Early Stage Trader when Brown launched it, but it did so poorly in the first year I opted out. I fear that "opting out" won't be an option with FedNow.
I tuned in to make a comment and the first thing I saw was someone else making the same comment and someone else agreeing. If I were a central banker wanting to control the entire system with CDBC, this looks like the playbook. Thanks for all of your comments.