During a Kondratieff Winter, the best place to be is in hard assets and cash.
Basically, the economy is shrinking, cutting out the dead wood so it is able to grow during the next spring.
However, what is an asset this year? What is a hard asset? Because things are not the same.
Case in point, cash is usually a good thing to get into when in winter. There is usually deflation of asset prices, and so, having cash allows you to buy them up towards the end of the cycle.
However, cash in the bank may go away. We have never been so close to a 100% loss, many 100% losses.
Real Estate as an Investment
Acreage has been one of the most solid investments. Land is still land.
However, we have gotten away from land, and gotten into houses on tiny pieces of land barely able to hold said house. But, this is seen as valuable, and many repeat the lie that "houses never go down in price". Unfortunately, that cycle has come to an end. The entire paradigm is changing.
And then we got complacent in that there would always be a shortage of housing. Even putting people out on the streets to keep up this charade. We got complacent with low rates on fixed 30 year mortgages, and stable property taxes and insurance rates. All of this has gone away. People are complaining about their property taxes doubling. People are loosing their insurance from insurance companies trying to lower their exposure to risk.
The biggest thing that has changed is the demographics downturn. We have never lived in a time when the population isn't growing (and needing more housing)
AirBNB rentals is collapsing. Foreclosures are rising. Boomers are leaving their houses for nursing homes or mortuary plots.
The supply of houses will soon greatly surpass the number of people who wish to live in suburban homes.
Like commercial properties which are being left empty because people are working from home and businesses are downsizing, there is no future need for these buildings.
And Commie cities/states are looking to socialize housing. Meaning, you are going to see rent control all over the place. Meaning, sell any homes in these places. Their value is going to plummet.
Cash in the Bank, Isn't
We are looking at huge disasters in the banking industry.
The collapse of the dollar is being pushed. Other countries are trying to bypass the dollar. And this is probably the banksters' plan. To destroy the currencies and then reissue/revalue new currencies. To wipe out everyone's bank accounts, and then offer a CBDC in place of it.
So, like Crimea had everyone take a haircut (except those who knew to remove their cash days before) as the banks bailed-in. Soon it will be like that all across Europe and then America.
Even if you have FDIC insured funds, it will be years before you are paid. And, it will most likely be the tax payers (you) paying the people who lost money in the bank failures (you).
Already, people are being denied from withdrawing large sums of money. Being asked, "what are you going to use this money for?"
Your money in the bank is not safe.
What Assets does that leave?
Basically, everything that is connected to the banksters will die.
Not just drop in price, but go away, the idea, the structure, the concept, will just turn to dust.
Like the idea of owning a house will be turned around and inside out. That the property is not owned by a person, instead, the property is owned by the children not yet born. The idea of keeping a person from having a home will be considered like we consider murder. But not in a bad person can come take our house for their own, but that we would never let there be a time when any of our tribe is without a house. People will plan in advance to have a home when their child comes of age.
And such, all the other bankster lies are uncovered.
Most of insurance fees goes to pay the agents. And then the insurance company does the least it can do to help a person recover. We can easily set this up as a DAO, outputs worked out by AI. Or, even further, we, the people, create a fund, so that we are always able to help people in trouble. People will start to understand how insurance as we do it now is very inhumane.
So, this leaves very few things.
Gold will be with us for a time, and then become commonplace and really difficult to transfer.
Silver will be used in so many new electronics that it will become a national strategic metal.
Bet on the future. Bitcoin will be huge. As in, people will be working for satoshis, huge.
Buy food (not futures contracts on wheat or corn) because food will continue going up in price, and scarcity. The best part of investing in food is, that you can eat it.
I swear, sometimes you sound like someone that has never lifted a hammer in your life. Humanity has entered the Space age. In space, no one can hear you whine for gibs. Merit or die.
I learned something from investing in food in 2020. FIFO. Eat the food you bought to have in case of scarcity when it doesn't become scarce. You won't want to eat all that tuna and tomato sauce when the cans get rusty.
Thanks!
I comprehend your "swearing".
I get that too, from my own mind.
The trouble is, the "communists" (propaganda of) are not wrong.
However, it should not be gibs, it should be, if you do an honest days work, you should be able to easily have a house. And that is where we have really failed.
I can build a house. Lumber yards and me have been friends a loooong time.
However, i can't get the property, and the permits, and the property taxes and also live somewhere where there is work. The bar has been set to high (by banksters creating money out of thin air to buy houses)
Sooooooo, when i make the honest statement that housing should not be denied, i know what i am talking about, but damn, i sound just like Marx.
And yes! Buy what you eat, and eat what you buy. But just have more of it. Have a longer can cycling program.
I know of one guy who eats a freeze-dried meal once a week. Therefore he is cycling through his reserve foods.
And that is the fruit of independent production of wealth with decentralized means of production, not serving masters as wage slaves in collectives that empower overlords. That doesn't come from politics, but from sovereignty, not from being governed, but from being free. That is the paradigm in which we ourselves will find it preposterous we would not have a place to live when we are possessed of the means, the will, and the ability to apply those means at our will to build it.
The lesson I learned was to buy means to grow what I wanted to eat, not cans of processed foods that will rust and leave me in hunger. Buy heirloom seeds and build the means to manage a garden automatically, so that all we have to do after we have built it is eat what it produces under AI management.
Thank the gods my cat likes tuna from a can.
Edit:
This is how money has become an impediment to wealth, and why I eschew money to the extent I am able. Because the development is ongoing I yet am susceptible to money, just for the same reason I am unable to pick a site and place my home on it. There is much cooperation that must happen, and the difference between people working together, society, and institutions imposing rule on us, government, has to be sorted so that it is by we cooperating, not being subjugated to soviets - that cannot exist without being corrupted - that we attain to civil society in which not owning a home is preposterous.
Communism cannot do that, or it would have, lubricated by the blood of the devout that gave their lives to make Communism happen. Centralization (ubiquitously misunderstood as Capitalism) cannot make it happen either, because it is essentially a means of profiting from slavery. Real capitalism, which a tree investing in leaves in the Spring is exemplary of, will, as like that tree people invest in independent means of production that can be automated and leave them free to invest in more and diverse means of production. The introduction of Manus AI has affirmed my prediction that AI would become potential to manage means of production. It's not at all the mature software means of doing so yet, but it's properties obviously demonstrate applicability to that purpose.
I have been researching robotic arms that can be 3D printed, because you can't pick bugs off leaves, stir a vat, and scribe a furrow with anything lesser. There is ongoing development in the field, but I suspect Manus AI will be the cause of it's explosion in interest, as enthusiasts grasp the potential and press to attain it.
Definitely, having a relatively balance food stockpile will serve one well in the coming months. I think in terms of investments, especially with storing value, holding gold can be a medium term plan while bitcoin and related cryptocurrencies for the long term plan.
I believe this is so.
Having stored food allows you to not freak out when the super-market turns bad and crashes.
Also, keep an eye out for the new ways.
This blog is really making me rethink everything. So cash in the bank isn’t even safe anymore. Bitcoin and hard assets seem like the only real way forward now. Also, stocking up on food is the most practical investment advice I’ve seen, at least you won’t go hungry haha