My boomer parents ask me if I put money in 401k, index fund, precious metal or real estates. My millennial colleagues ask me if I invest in ETF's, stocks, S&P 500 or NASDAQ. My zoomer kids ask me if I invest in crypto, Bitcoin or Doge Coin. My answer is the same for all three: No, no and no. There is one and only one asset and *drumroll* it's the US Dollar. Good humble green fiat of a US dollar.
Now you ask, why am I always soo bullish on the US dollar and refuse to touch anything else? Well, anyone with a decent amount of intelligence is able to understand. In my humble opinion, FDR did the right thing in 1933. Nixon also did the right thing in 1971. (If you are a history buff, you'll know what I'm referring to.) Reasons for both events is that those presidents are capable of understanding the high risk of manipulation when you let speculative assets be tied to backing up the US dollar.
I believe that in the next few years, we will be at another crossroad: The transferring of wealth from billionaire tech companies, real estate bubbles, useless crypto, and even soon to be obsolete social security and 401k, back into the hands of the people. When we emerge from the fallout of this 200 year crash, the only winners of the market is whoever has the most cash on hand. CASH IS PURE. CASH CAN NOT BE MANIPULATED BY WHALES. CASH IS DEFLATIONARY, AND THE FEDS ARE MAKING THAT A REALITY THROUGH QUANTATIVE TIGHTENING. CASH IS THE RESERVE CURRENCY (AND SOON TO BE THE ONLY CURRENCY OF THE WORLD). CASH IS KING.
Pass it on!
Now you ask, why am I always soo bullish on the US dollar and refuse to touch anything else? Well, anyone with a decent amount of intelligence is able to understand. In my humble opinion, FDR did the right thing in 1933. Nixon also did the right thing in 1971. (If you are a history buff, you'll know what I'm referring to.) Reasons for both events is that those presidents are capable of understanding the high risk of manipulation when you let speculative assets be tied to backing up the US dollar.
I believe that in the next few years, we will be at another crossroad: The transferring of wealth from billionaire tech companies, real estate bubbles, useless crypto, and even soon to be obsolete social security and 401k, back into the hands of the people. When we emerge from the fallout of this 200 year crash, the only winners of the market is whoever has the most cash on hand. CASH IS PURE. CASH CAN NOT BE MANIPULATED BY WHALES. CASH IS DEFLATIONARY, AND THE FEDS ARE MAKING THAT A REALITY THROUGH QUANTATIVE TIGHTENING. CASH IS THE RESERVE CURRENCY (AND SOON TO BE THE ONLY CURRENCY OF THE WORLD). CASH IS KING.
Pass it on!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.