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Post by Cwi555 on Oct 21, 2022 2:00:10 GMT -7
Executive Order 14067, replaces the U.S. dollar with traceable digital. There are some obvious issues with that, but it's not the conspiracy theory some are making it out to be. If there is a conspiracy involved, it's more about how difficult it's been made to find and read the EO for yourself.
On the meat of it. The move is a mirror to several other world governments moves. It's not the stand alone devil it's made out to be. It's not good, but implementation is being hosed from the start. Incompetence reigns supreme within this administration, and this is no exception. It was written to dovetail into EU efforts to do the same. In short, before the Ukraine war and all the crap that has fallen out from it, this was already afoot. Neither Russia nor China would abide by such a world reserve currency. One could say this move had more to do with initiation of that war than we have been told. Look for Taiwan to have some bad days soon over this.
With such a restructuring of the US dollar base, the money under your matress will be flushed out or be made worthless. It's a parallel to President Roosevelt's Executive Order 6102 required U.S. citizens to deliver on or before May 1, 1933 all gold and silver at a set exchange rate. After Nixon killed the gold standard, this move was inevitable.
The use of currency has been under attack for some time now. The first pretense was the war on drugs. Then it became tracking terrorism, and finally catching tax cheats. In the end, all that was slide under our noses with too few complaining to matter. If you stop and think, those things required massive social upheaval. It's easy to demonize those things. With the social changes that occured. I think 911 screwed up their plans but they soon adapted and used it to their benifit. Regardless, 14067 effectively has the same punch as EO 6102. It forces those stacking cash for emergency etc to use it or lose it. The economy dropping after several trillion being added to the national debt probably forced an early release of this 14067.
Folks need to stop and apply some critical thinking to this. Yes it's bad, but how and for whom is important.
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Post by solargeek1 on Oct 21, 2022 19:55:14 GMT -7
Thank you for that post; I have not been able to keep up with the news due to family events and Ian Hurricane around my Mom's area.
I guess, being generally ignorant on $$ matters other than the basics and since we retired with 'enough' (then) and owe only our yearly property taxes, I have no idea how to take care of our $$. DH gets a good pension, I get a tiny one and both of us pulled SS on the first day as we believe in "no one is guaranteed tomorrow" and what we got was enough for today and tithing.
We have it spread for cash in different banks, a bunch at Fidelity in a safe structured fund, some at Vanguard. No PMs, no crypto, no stocks per se.
I am open to suggestions re $$, but our general working orders have been to have everything we need or might need (given that we are over 65) in any way shape or form without hoarding, get our land producing (mostly done), get the energy supply steady, be able to heat without gas or electric and those sorts of things. Log splitter was 1st and down the line from there.
My DS says T bills are the safests or CDs. We never dabbled and are not planning to start now.
Thoughts on where to put our savings?
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Post by sirderrin on Oct 23, 2022 14:19:11 GMT -7
Cash in the bank is just "numbers".... which is what they want to get control of through some form of cryto currency.
Cash in hand is just fiat money that they can make worthless......
Many think this is a great idea... but it effectively gives control of your money to whom ever controls the "numbers"
I think the recent oops by "pay-pal" stating they would fine anyone that posted something that didn't meet with their approval $2500 in their terms of service. Was a sign of things to come...
Stripping you of choice and control by removing the cash and outlawing most forms of free trade by passing ridicules laws, similar no selling of home made items etc.. that has been going on for while...
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Post by Cwi555 on Oct 25, 2022 1:01:12 GMT -7
Thank you for that post; I have not been able to keep up with the news due to family events and Ian Hurricane around my Mom's area. I guess, being generally ignorant on $$ matters other than the basics and since we retired with 'enough' (then) and owe only our yearly property taxes, I have no idea how to take care of our $$. DH gets a good pension, I get a tiny one and both of us pulled SS on the first day as we believe in "no one is guaranteed tomorrow" and what we got was enough for today and tithing. We have it spread for cash in different banks, a bunch at Fidelity in a safe structured fund, some at Vanguard. No PMs, no crypto, no stocks per se. I am open to suggestions re $$, but our general working orders have been to have everything we need or might need (given that we are over 65) in any way shape or form without hoarding, get our land producing (mostly done), get the energy supply steady, be able to heat without gas or electric and those sorts of things. Log splitter was 1st and down the line from there. My DS says T bills are the safests or CDs. We never dabbled and are not planning to start now. Thoughts on where to put our savings? As a general rule, I don't give advice on finances with a few caveats. No matter how much you may trust someone, never take the advice of anyone from the Internet. Always research anything you read. At the end of the day, it's your responsibility. Having said that, we are diversified. We have some crypto's, PMs, cash, and properties. Beyond that, we continue to stock long term food, and anything else tangible we can lay our hands on. Both our vehicles are paid for with less than 5K miles on them. Our house is paid for, but already the county is raising taxes on that. We put back twice the tax each year to assure we can keep up with the taxes on property. Medical bills with my condition are our #1 expense. Medicare is pretty pathetic, but thankfully we can swing it so far. I had a long term disability policy when this kicked off, and now it pays out. Anyone working still should not pass up such policies if available, though I'm given to understand they are not being offered much any more. We had bought a place in the Philippines for retirement, but we've recently sold it. Property is a good place to sink money if you can afford the taxes. There is no magic bullet or one size fits all answer as to how to handle retirement, medical or just aging out.
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Post by Cwi555 on Oct 25, 2022 1:06:38 GMT -7
They have no intention of going crypto, They are headed towards digital currency. Traceable digital currency. From what I've read, when issued, it will report back to a central data bank everything you do with it, all the way down to buying a pack of gum. Cash in the bank is just "numbers".... which is what they want to get control of through some form of cryto currency.
Cash in hand is just fiat money that they can make worthless...... Many think this is a great idea... but it effectively gives control of your money to whom ever controls the "numbers"
I think the recent oops by "pay-pal" stating they would fine anyone that posted something that didn't meet with their approval $2500 in their terms of service. Was a sign of things to come...
Stripping you of choice and control by removing the cash and outlawing most forms of free trade by passing ridicules laws, similar no selling of home made items etc.. that has been going on for while...
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Post by crashdive123 on Oct 25, 2022 3:17:14 GMT -7
They have no intention of going crypto, They are headed towards digital currency. Traceable digital currency. From what I've read, when issued, it will report back to a central data bank everything you do with it, all the way down to buying a pack of gum. We're already seeing it. The big push for ESG is on. Many places now no longer accept cash while many "creditors" are grading, or in some cases reporting your purchases. I hate the term New World Order because it just sounds conspiratorial, but when it is happening before your eyes it is hard to ignore.
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Post by Cwi555 on Oct 28, 2022 7:05:55 GMT -7
They have no intention of going crypto, They are headed towards digital currency. Traceable digital currency. From what I've read, when issued, it will report back to a central data bank everything you do with it, all the way down to buying a pack of gum. We're already seeing it. The big push for ESG is on. Many places now no longer accept cash while many "creditors" are grading, or in some cases reporting your purchases. I hate the term New World Order because it just sounds conspiratorial, but when it is happening before your eyes it is hard to ignore. Like or not, that's what it is. ESG Environmental, Social, Governance, began life as a metric for investors to evaluate the companies they invested in. It's long since been hijacked by the leftist and government, but I repeat myself. It's further been associated with crypto on the FX Markets.
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Post by olebama on Oct 31, 2022 17:20:53 GMT -7
Medical bills with my condition are our #1 expense. Medicare is pretty pathetic, but thankfully we can swing it so far. I had a long term disability policy when this kicked off, and now it pays out. Anyone working still should not pass up such policies if available, though I'm given to understand they are not being offered much any more.
we had a good long term disability policy, but they kept going up in the premiums and/or reducing the benefits. So they are not being offered any more.
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