https://internationalman.com/articles/the-great-wealth-divide-own-the-right-assets-or-fall-behind/
The Great Wealth Divide: Own the Right Assets—or Fall Behind
by Nick Giambruno
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Let’s start with three assumptions that I consider rock-solid.
1. Government spending will continue to grow.
2. The government will need more currency debasement to finance that spending.
3. Wages will not keep up.
If I had to distill this into a single point, it would be:
You can’t outrun the money printer by working harder. You need to own the right assets or fall behind.
Owning inflation-resistant assets matters more than income, though income still matters.
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According to the rigged CPI, prices rose 977%, while wages rose 1,179%. The official numbers claim that wages have outpaced inflation since 1964.
Yet anyone with eyes to see and a functioning brain knows that claim is false. Reality lies in a different ballpark.
The government uses the CPI as misleading propaganda to conceal its atrocious currency debasement.
The growth in the money supply provides a better measure of the damage. It grew 5,775% over the same period.
In other words, wages kept pace with about 20% of the currency debasement. Relative to the money supply, wages lost about 80% of their value.
To me, this better reflects reality and provides a sound benchmark and hurdle rate.
If your wealth does not grow at least as fast as the money supply, you are losing ground and h.
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Seems like if “We, The Sheeple” want to “save” for their “golden years”, then it better be in GOLD! The kind you can hold in your hand. Not “paper gold” which isn’t worth the electrons holding it.
If anything, I have become MORE of a “gold bug”.
You might consider ₿itcoin, but while I am a HODL maxi (i.e., Hold On for Dear Life because it has a limited supply), I am concerned about AI and its ability to defeat encryption and its bug finding ability. (See the Biance hack!)
YMMV but I want things that the greedy Gooferment can’t steal from me.
For us “little people”, like me, a fat old white guy retired injineer who’s a poor old senior citizen on a fixed income, I like saving silver. Everyone can put a roll of nickels away for a “rainy day”.
Remember pre-1913, people saved in gold and silver coins. Argh! A much simpler time, when there was price deflation because the Gooferment couldn’t silently tax us with the horrific “inflation” of “money printing”!
Sigh!
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