Countries Are Dumping US Treasuries

    
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Alan Brown
Alan Brown
7 months ago

I watched and listened to the entire video, but I don’t understand it very well. He says he wants to turn debtors into lenders. Loaning money to people is easy, but what if they don’t pay you back. There’s nothing you can do except maybe ruin their credit rating. I don’t understand how buying gold or silver is profitable. You have to pay someone a fee to buy it for you and you have to pay someone a fee to sell it for you. I’ve never seen a grocery store or any store for that matter where you can pay for your purchases with gold or silver, unless it’s silver coins and then they only allow you face value. Buying real estate might be a good investment if there’s someone who has the money to purchase it when you want to sell it. You can’t eat the dirt and survive very long and there’s no guarantee it’s going to retain it’s value. I think the market is going to be flooded with foreclosures before very much longer. That would be the time to buy, but then you have to be able to hold on to it and maintain it until the economy gets better, if it ever does, and hope you can get your original investment plus maintenance costs back plus a profit. Lot of unknowns in that. I’m 74 years old and don’t have a long life in front of me anyway and I can’t take anything with me when I leave this earth, so I don’t guess it matters too much in my case. I hate the world I’m leaving behind for my grandchildren, but I don’t know what to do to change it at my age. I’ve got a life insurance policy I took out in 1975 that was a sizeable sum of money at the time, but now it’s not so much and the premiums have gone up tremendously on it as I’ve aged.