Do you remember the famous line, used in most, if not all, the Star Wars movies. It’s most famously associated with Han Solo but was actually first said by our favourite character C3PO. Why do we like him best? Because he’s golden of course…
But on to more serious matters.
Right now the world is in the grip of a serious economic crisis.
The enormous debt bubble that has been building for many years now, has finally been burst by the Covid pin. Check out the 25 trillion dollar US national debt if you don’t believe us.
The American government, along with the authorities in many countries, including here in the United Kingdom, has been paying the nation to stay at home.
In the States, these furlough payments, or Stimulus Checks have amounted to over $300 million.
Seems like a lot of cash to be sure.
But that’s only a tiny 5% of the money the Federal Reserve has pumped into the economy to prop up a failing system.
The rest of the SIX TRILLION has gone to the people closer to the money supply than we are. The banks, financial institutions, hedge funds, bond companies and the like. The huge corporations and of course ultimately the stock market.
This is commonly described as THE GREATEST WEALTH TRANSFER IN HISTORY.
And rest assured, it isn’t flowing into our coffers anytime soon. Unless we do something about it, of course. More on that in a minute…
Firstly, let’s ask the question: Who is going to PAY for all of this?
We are. The bulk of the population who didn’t receive a red cent of this wealth transfer, will end up paying for it.
That means you and me, but more worryingly than that, it means our children and our grand-children will be paying for this for their entire lives.
Higher taxes, greater austerity measures, poorer social services, diminished health care, less employment opportunities and even shorter life spans in many cases.
The Death of Cash
This image above is from Australia but it’s a phenomenon that is spreading across the globe.
Banks are offering negative interest rates in many countries already. And so with little incentive to save cash in the bank, people will want to keep it closer to them. To stop people hoarding their cash under the bed, they are introducing measures to limit the uses of cash.
Why do you need cash they will say, unless you are a drug dealer…
Already in Australia, new laws forbid cash transactions above ten thousand dollars.
The Covid pandemic is only going to accelerate many of the issues mentioned above.
Then if you add into the mix these developments:
- Increased working from home
- Environmental issues
Then you can see we are looking at heady times indeed. Just check the news today of the rioting in the US.
Here in the UK we are considering a Universal Basic Income. This would be paid to every citizen, no matter if they worked or not. It wouldn’t be based on any criteria and it would benefit the entire population.
This idea is being mooted in many countries.
It would obviously take the place of several if not most state benefits which would result in a streamlined and more efficient system
Sounds good, right? Maybe not…
In our humble opinion, this is a bad idea, a very bad idea.
Fast forward into a potential dystopian future – the entire population dependent on a weekly payout from the state. Few jobs. No cash. All transactions automated and digital. Social isolation. Ultimate power in the hands of a very few people. The death of democracy.
So, what’s the solution?
The answer, or at least part of it, is to position yourself OUTSIDE the failing conventional system. Accumulate an asset that grows in value, that always holds its purchasing power and one that everyone understands – GOLD.
We are part of a community that is looking at huge gains over the last couple of years. Our gold business has just hit one million affiliates and gold is going global.
And all you need to be able to do to prosper from this is to share a video. You can do that, right?
There are so many ways to get paid with this…
So if you’re thinking about an online business with a golden future then give this some serious consideration.
My name is Robin Morton and I do not promote many opportunities nor I am a huge fan of network marketing in general. However, in the two and a bit years that I’ve been involved with this gold and technology business, I have increased my net wealth by many times that of anything I have ever been part of in the past. Not bad for a guy who was virtually homeless following a business failure just a few short years ago.
To Your Success