JPMorgan Sees Argentina Economy Facing Prospect of Hard Landing

[steveinbsas]

Klaus Schwab has predicted the former as a result.of a cyber attack.with as.much certainty as Anthony Fauci predicted a viral pandemic in 2017.

Schwab is the founder (1973?) of The World.Economic Forum and the.:brain" behind :The Great Reset.

The WEF is leading the charge to replace.papar currency (including the dollar) with CBDC (CENTRAL BANK DIGITAL CURRENCY) so that every dollar or peso spent can be trackef and recorded.

He also favors a biochip that will enable monitoring of everyone on the planet that can be successfully "encouraged" to swallow.

PS: I am taking everything Klaus.Schwab says.very seriously, as are Elon.Musk and Jordan Peterson.

Here is what Schwab himself has to say:

PS: The original slogan fo The Great Reset was, "You will own nothing and you will be happy."

In my opinion, property rights in Argentina will "outlive" property rights in the USA.

So, especially in the context of this thread, the best advice I've heard since the economic "crisis" of 2008 is. "Byt land where you can grow your own food."

I added "and have chickens and goats for the eggs and the milk" to that sentence.

Becasue, at some point, there probably won't be enough cans of "precio justo" tuna availablein the stores (especialy after they have been looted) to fill your empty belly...or, perhaps even berfore that, it becomes "unsafe" to walk home from the store with a bag of groceries.

 

[Reply Guy]

Ok Florida Man, keep buying your gold bars.

No one is saying that cyber war fare doesn't exist. I stated it wouldn't be in the interest of the Russians, Chinese or anyone else to take down the global banking system for months. It would turn the rest of the world against them because of the economic pain it would bring to the global economy.

Of course Central Banks are going to hold a diversified portfolio of assets, as should individuals. Brazil for example owns 225 billion in t-bills and 8 billion in gold. You still think holding some gold bars under your mattress and opening a bank account in Norway is going to save you?

Gold has no widespread industrial use case. It is just shiny, physically scarce and malleable. Bitcoin is a far superior alternative.

 

[lunar]

Gold has no widespread industrial use case. It is just shiny, physically scarce and malleable. Bitcoin is a far superior alternative.

Does bitcoin have a widespread industrial use case?

 

[lunar]

You should try to educate yourself on the amount of money and effort the Pentagon spends on hardening military systems and the charter of CISA.

The amount of money the Pentagon spends on something does not necessarily guarantee results. How much money has the Pentagon spent on the Afghanistan campaign?

 

[Pat Murphy]

Do you know how insane this sounds?

Now let's think this out, Russian hackers take down the international USD banking system for months.

That makes the dollar essentially worthless if you can't move it anywhere. What do you think happens to the world economy?

Most trade is done in USD, the reserves of most central banks in the world are in USD, global elites including Russians hold assets and cash in USD.

Don't you think almost every other country in the world would turn against Russia if they tried this? This would spark a nuclear war, cripple the world economy, leading to riots, starvation and all out chaos.

And you think holding some Norwegian Krone in a bank account somewhere is going to save you? Lmaooo

I assume that you don't know anything about Norway's sovereign wealth fund.

 

[Reply Guy]

Does bitcoin have a widespread industrial use case?

In this scenario where the US banking system goes down due to Russian hackers....

If a central bank begins saving exclusively in gold, and global trade imbalances are settled in gold terms, over time some central banks may tire of shipping gold around the world to pay for things.

Clearly bitcoin does not have an industrial use case, neither does gold. Bitcoin has a fixed supply, can be more easily stored, transferred, etc.

 

[Reply Guy]

I assume that you don't know anything about Norway's sovereign wealth fund.

Where do you think a majority of their holdings are located? They own huge chunks of the largest corporations in the US like Visa and Amazon. Visa and Amazon go to zero if the US financial system is offline for 2 months.

Norway was the other country that participated in the Nord II pipeline explosion.

Norway and the US are attached at the hip and have the most to gain from breaking the German - Russia economic alliance. Now Germany is dependent on them for energy.

 

[Greg M]

The amount of money the Pentagon spends on something does not necessarily guarantee results. How much money has the Pentagon spent on the Afghanistan campaign?

That was the poster's point.

 

[Greg M]

Where do you think a majority of their holdings are located? They own huge chunks of the largest corporations in the US like Visa and Amazon. Visa and Amazon go to zero if the US financial system is offline for 2 months.

Norway was the other country that participated in the Nord II pipeline explosion.

Norway and the US are attached at the hip and have the most to gain from breaking the German - Russia economic alliance. Now Germany is dependent on them for energy.

You don't know what you are talking about. In a full blown war the infrastructure will be attacked first. This is precisely why USCYBERCOM exists. You can read their published documents and press releases. Because war is about winning. Period. The infrastructure goes first to incapacitate i.e EMPs.

Regarding Norway's Government Pension Fund Global, you are confused. It invests surplus revenue from their North Sea petroleum industry. And this, as was mentioned, is why NOK is considered a safe haven currency as evidenced by, for the last seven years, NOK has traded in a tight range. And their petroleum industry just got a nice boost courtesy of, allegedly, the US Navy.

 

[Pat Murphy]

In this scenario where the US banking system goes down due to Russian hackers....

If a central bank begins saving exclusively in gold, and global trade imbalances are settled in gold terms, over time some central banks may tire of shipping gold around the world to pay for things.

Clearly bitcoin does not have an industrial use case, neither does gold. Bitcoin has a fixed supply, can be more easily stored, transferred, etc.

Exactly. In November, December and January, the Chinese government bought 77 tonnes of gold.