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Baby Step #1

Musk might audit fort Knox. Anyone know what would happen if they pegged the price of gold to a different number?
Also, it looks like the metals are finally hitting some higher numbers for the first time in 10+ years.

Audit the fed next Elon.

What are you guys holding? Besides the severed heads of streetwalkers, I mean.

If you are wise you will listen to me.

Last week I heard Sam Altman was affiliated with this crypto outfit called World App. I'm a big fan of Sam and I had a little money to make a risky investment with so I thought I'd just quickly drop $1000 on it. It's called world coin (WLD). Now, they are moving away from WLD as a "currency" but it's still central to the World App concept, so I figured what the hell.

I did not approach this with a greedy heart or an evil heart. I just wanted to make a fun little gamble.

Crypto is so regulated in all the wrong ways (intentionally) that it has turned my life into a living nightmare.

That thousand dollars turned into about $900 immediately after various fees.

$850 resides on coinbase who locked my account and won't let me access the money
$20 is on coinex who won't let me withdraw it because i don't have enough btc to meet the minimum withdraw fee
$20 got sent to the World App which has since removed WLD from it's wallet, effectively deleting the money.

None of the support people help, they all give you the runaround. So my money went to three entities, one lost my money, one stole my money, and the other is holding my money (e.g. investing it) indefinitely.


By the way if coinbase goes bankrupt all money users have in their wallets is considered an insecure loan and those users will lose their money.

I really want to be clear that I am only giving you the highlights here. Just do me a favor and if you ever meet someone who is a crypto developer please, without hesitation, punch them in their face immediately. This is for titstitstits.


$ I am for crypto as a concept but I believe it's being regulated in a bad way in order to protect the dollar. So perhaps I am doing exactly what they want but on a personal level I advise you to NEVER GET INVOLVED WITH CRYPTO IN ANY WAY. Until there is a free market anyways.

$ Just to be clear you do need to use an exchange in order to trade crypto. My money was in BTC and had only been on the exchange for a few hours before it got locked.

Let's put aside for a moment that the Fed is a completely immoral, evil institution that should have never been created and the cycle of raising and cutting interest rates to manipulate the money supply is pure kikery at its worst. Also put aside that the widely cited inflation metrics (CPI, PCE) are just selective data sets to create a narrative. Again, kikery.

The Fed raised interest rates to curb inflation. They said they wanted it to trend towards 2% (based on their curated metrics). That would never happen unless they raised rates to at least 6% and sparked a major recession.

Now that the Fed will be starting with a 0.25% cut, it's possible inflation will trend upwards again. Government spending will never slow down. Individual spending isn't going down anytime soon. IIRC credit card debt is at all-time highs.

I think people are being led into a false sense of security that inflation has been tamed, when in reality the worse is yet to come.

How do you guys feel about it?

All it takes is for one of these burgeoning space companies to park an asteroid in orbit around earth. There’s more gold/silver in that rock that has ever been dug out of the ground. When you see an attack on a space company, that’s the money changers who don’t want to lose control of the banks.

https://youtube.com/shorts/0vsXhoCUMoE

So if you don't understand what's happening here the person is using leverage to buy a piece of property that is bigger than their income so that the percentage of the property that you can depreciate the first year is basically equal to your income which makes your income equal basically zero or as he says $11,000.

Now this can be done with any size income if you can find a small enough real estate investment you don't have to be making $200,000 a year you could do this with 40,000 a year if you could put $30,000 down on something and depreciate $30,000 a year against that income. You may also be able to do this by investing in real estate limited partnerships that are highly leveraged but I don't know if that's true so check that out first. Sometimes you can invest in an reit and the depreciation carries through but I'm not sure about that again so double check that. They're always changing these real estate tax depreciation laws but real estate depreciation is always one of the best things in tax code. It's why so many people have gotten Rich from Real estate like Donald Trump and others. You can sort of endlessly defer your income into depreciation until you just have massive numbers of properties kicking off so much cash that you can start paying income tax on that much larger cash flow and you just don't even care anymore.