by AGXIIK and Renozep, TF Metals Report:
Our friends are back with another excellent guest post to start your day. I’ll add some thoughts on the PPI and other information to the comments section but, for today, here’s something different to consider.
FISCAL NON-CONFORMITY IN THE ERA OF FINANCIAL LASSITUDE, by AGXIIK and Renozep
In case anyone forgot that Social Security will go tango uniform in 9 years and thinks the payments will drop only 25% will be in for a rude surprise.
TRUTH LIVES on at https://sgtreport.tv/
If demographics, worker wages, higher employment levels and payroll taxes will fix this we might be shocked. Politicians must make hard choices soon and, as we’ve seen, they’ll fold like the $5 lawn chair you bought a Dollar General going out of business sale.
When 25-30% of the US population votes for more social security and medicare they will get it.
RENOZEP, the editor of these occasional articles, found the following videos that shine a spotlight on the Costco Precious Metal phenomenon, something that many are seeing as a way to bypass serious declines in future income streams.
After I saw the videos and visited our local Costco, I was unable to find any of the 10 ounce Royal Canadian bars but they must be out there somewhere. Bullion sellers and local coin stores had better prices.
I returned to Costco for Silver Bars and THIS happened! – YouTube
Costco is selling RCM .9999 10 ounce silver bars. Did Costco get APMEX to buy 2 months of American Silver Eagles at wholesale to stock this retail giant?
Capital Gains Taxes Loom Over Blue States – Welcome To The Great Reset | Armstrong Economics
Here’s something to ponder whether you live in a high, low or no tax state. The usual suspects eye capital gains as a way to pay for things the government cannot afford right now. If your income is low enough, gold and silver can be sold with virtually zero capital gains. Your accountant can guide you on these decisions.
Precious metals have no counter party risk, can be held in a Self Directed IRA or bartered or sold quietly. Even Gen X and Millennials are buying gold and silver. If you live in a state with a combined capital gains rate of 50% or higher this message is for you.
DDB and Al tell you why the present job and business economy will not fill the social security trust fund. Not enough jobs or payroll taxes.
Why Nonconformity Cures a Sick Self and a Sick Society – YouTube
Second passports, gold, silver, bitcoin, bug-out locations and GOTS are all means to repudiate the criminal normalcy of the social media world where everyone is just another sheeple.
Is Schiff is selling something. Yes, as his article noted. Hundreds of companies are selling something and some sell silver and gold.
Like all of us, he’s a non-conformist.
When Social Security runs down or runs out of money what are you doing to do? Governments take the most desperate of measures when facing the inevitable reckoning of gross fiscal mismanagement. When their various schemes like Social Security and Medicare are depleted, devalued and dissipated by the inevitable math that afflicts all forms of financial Ponzification, we get left holding the empty bag.
Here are some options:
Buy land: A good idea if it’s income producing, in a tax friendly venue subject to the rule of law and not overburdened with excess taxes and regulations.
Semi non-conformist: Buy stocks? That’s a good idea provided the market is amicable to your investment objectives and you have time on your side .
Conformist: Buy bonds? That can be a sound investment if bond rates are higher than inflation and the debtor has a solid rating.
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