The Cellar: a friendly neighborhood coffee shop, with no coffee and no shop. Established 1990.
- tw
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Re: How to position yourself to survive and even succeed in 2025
glatt wrote:
Even gold is taking a beating. I don't understand that one.
Scammers are playing the most naive (extremists) with disinformation.
Bay Buchanan (sister of Pat Buchanan and right wing Secretary of the Treasury in the early 1980s) is now part of a promotion for a $2 silver coin. As if it was legal tender. They are not marketing to moderates. Only extremists would be so dumb as to think the Cook Islands are part of the US.
Cook Islands were a British protectorate. Now an independent nation in association with New Zealand.
Those coins are marketed to easily conned consumers who then 'feel' it is US legal tender. Buy a clump of silver (quarter troy ounce) worth $7, marked as if worth $2, for $20. Targeting people duped as if precious metals always create a profit. Yes, profitable only for a con artist broker who promotes such myths.
Is probably especially profitable now among the many who are in fear. Justified fear. But fear never justifies actions.
Last edited by tw (4/08/2025 4:59 pm)
- Flint
- starting fires since forever
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Re: How to position yourself to survive and even succeed in 2025
so sayeth the Rules of Acquisition
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- tw
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Re: How to position yourself to survive and even succeed in 2025
Always invest only in the future. Then wait a few hundred years.
- tw
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Re: How to position yourself to survive and even succeed in 2025
The Brits are proving how tariffs increase jobs and the economy. Having left Europe (Brexit) almost six years ago, the resulting tariffs mean the British economy has now been in a downturn for years.
Studies have put inflation increased 1.7%. Other studies suggest a 2% downturn in GDP. Investment may have dropped 6%. A British government study says that is only 4%. Also and of course, many British companies have now 'offshored'. Move overseas to avert the new tariff created by leaving the EU.
A 2024 study notes that not all British regions suffered. Brexit most harmed the economies of London and the Midlands.
Finance moved out massively. British banks are reported to have moved about $1 Trillion out of Britain into other European nations. Asset and insurance companies only moved $130 billion out. Most movements were to Dublin (30%), Luxembourg (18%), Frankfurt (12%), Paris (12%), and Amsterdam (10%). Proving that tariffs would make things better - according to an unprofessional.