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Shadow Boomer's avatar

What in Sam Hill is being created in the economy that my 403(b) can increase by $10,000 every three months? How does this apparent wealth and value filter down into my account? I’ve always wondered how long this could go on.

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Lisa's avatar

Time to take some of those funds out of the market and invest in some tangibles, like land, farm tools, and some physical gold/silver as even though the price is high just now if the market tanks you'll still be ahead of the game - and you'll be holding tangible goods that you can pass along to loved ones.

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Lisa's avatar

Or as Catherine Austin Fitts recommends, take some of those funds out and pay off the mortgage of someone you love - i.e., use that cash to help others get out of debt.

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Mike Ware's avatar

Good idea Lisa, but not unless you’ve taught them how to stay out of debt in the future. In other words, don’t give them the fish without first teaching them to fish. Otherwise, it’ll be all for naught and heartache!

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Peter Sawchuk's avatar

Yes. We bailed both of our sons out. Now they are no better of and we are that much poorer. Furthermore neither one of them wants anything to do with us now because we "don't understand". Understand what? Living within your means is just common sense which neither one of them seems to have.

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Mike Ware's avatar

I’m sorry to hear that Peter. I hope they didn’t go out and buy new cars! It’s the number ONE reason most families stay slaves to debt. I’ll be praying for your family.

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Lisa's avatar

Not only that, but you don't even want a new car these days as they're all set up to spy on your every move and apparently there's talk of adding a 'kill switch' so that you won't even be able to drive it...

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Mike Ware's avatar

Absolutely, I wouldn’t want one on a bet! Although, I’ve got a nephew who owns a Mercedes Benz (I think) and he used his kill switch when it was stolen and the cops found them on the side of the road, through the GPS system! In that case, it worked out for him but I still wouldn’t buy one! So the kill switches are already there. I think his was about 5yrs old but I can’t remember exactly.

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JohnAZ's avatar

They see a society that has very little financial smarts and emulate them. Young folk are susceptible to peer pressure, look at their friends, are they spendthrifts?

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Lisa's avatar

I guess it's the million dollar question... whether or not the market's going to continue to tank. Some say that it reached it's high. Of course, I have no idea! I'm just thinking that even with a 5% loss - wouldn't everyone rather have used those funds to help someone out instead of just having them disappear into the ether?

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shibumi's avatar

Her other recommendation is to use cash as much as possible. Stop feeding the credit beast and live under their radar as much as possible.

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Lisa's avatar

And try to be completely debt free, especially during these uncertain times, if at all possible.

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jewel's avatar

Yes what ever happened to Dave Ramsey's advice?

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JohnAZ's avatar

Never ever sell in a sell-off. Sell-offs are for chicken littles. The wise become richer by hanging in there.

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Magdalene's avatar

💯

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Magdalene's avatar

CAF has been driven 'round the bend lately. Always sad to see. Scott Ritter is another one who lost his mind recently.

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Lisa's avatar

Do you think so? I know that she is concerned that the DOGE operation is simultaneously data mining everything it examines in order to expand the Deep State control grid but I don't mind hearing a cautionary voice. I love seeing DOGE expose the vast amounts of fraud (although I'll never fully get behind Musk due to his neurolink project which I consider part of the transhumanist agenda). - I want to be optimistic and look at all of this as 2 steps forward, 1 step back. Once we actually see the 'masterminds' of these fraudulent programs (including covid) genuinely being held criminally accountable I'll consider it more than 2 steps forward.

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Magdalene's avatar

Please see my response to Blackbird below 😊

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Tony Lauria's avatar

I disagree.

CAF explains the missing $21 trillion and the upcoming CBDC control grid.

https://tube.solari.com/videos/missing-21-trillion-corruption-breakaway-civilization-and-control-grid/

Do you think she's 'round the bend when stressing states' rights instead of centralized everything?

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Magdalene's avatar

I agree that breakaway civ is Mr Global's plan. I just no longer believe they will be successful against a world reawakening to sovereignty. See my reply to Blackbird for context.

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Blackbird's avatar

I consider Catherine Austin Fitts and Scott Ritter to be two of the sanest, most informative voices out there. Perhaps you could explain how it is that you think they have lost their minds?

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Magdalene's avatar

I used to as well, but fear can drive the sanest of people to distraction. Also, FYI, I'm no longer in the business of persuading anyone to my way of thinking. I see a larger spiritual warfare at play, & it really doesn't matter what we all THINK, as we're ALL about to find the fuck out.

Sometimes being zoomed in to a specialty prevents seeing the bigger picture; I recommend Badlands Media (some shows exclusively on Rumble) for biggest picture discourse. Perhaps CAF will turn out to be right. But participation in the crypto defi (decentralized finance) space, Astrology & my gut instinct from God, Whose counsel I hold above any human, all indicate to me that things will further decentralize as the Old System dies. As much as I've been Cassandra my whole life, having survived early childhood trafficking & witnessing said traffickers murder my mother at almost 4, I simply no longer see apocalyptic totalitarian doom as inevitable. In fact, I now see a rebirth of sovereignty the world over (with non-US 5 Eyes & EU seriously lagging). The fight is far from over, but the outcome all but assured, akin to the taking of Midway- most of the *fighting & dying* still lay ahead, but the die was pretty much cast at that point.

As for SR, he can't seem to decide if Iran already has the bomb or doesn't even want it, & then recently on with Jamarl Thomas, he devolved into a woke rant about how much white people just want to slaughter black & brown people. His wypipo rhetoric is certainly incoherent in the face of funding mass death in the Ukraine & Novorossiya.

There is another element to my having spit out the Big Black Pill I never quite swallowed, even over decades of manically trying to convince normies of the horrifying existence of an international industry of rape, torture & murder: we humans are in co-creative relationship with each other & the Earth, projecting our thoughts & feelings into the collective future reality. We must take care to not think & speak the dystopia into existence with our certainty in it.

I thank God every day that child trafficking conspiracy theory has passed into conspiracy FACT, so that I can finally separate from identifying so closely with having suffered helplessly at the hands of Satan's most depraved minions.

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Blackbird's avatar

Yeah, I saw a Scott Ritter interview recently - don't remember where - where he suddenly diverged into this white-guilt mea culpa. It seemed rehearsed to me, more polished than his usual answers to questions, such as on "Judging Freedom". I wondered what was up and assumed he was under some kind of pressure for appearing Rayciss. He has been subject to attempted erasure for awhile. But I think his position on Iran is well-considered: it is not a simple "yes/no" decision for Iran to move forward on nuclear weapons development. This is, in my opinion, Scott Ritter's specialty. Whining about "white privilege"? An aberration in a field in which I don't look to Scott Ritter for an informed opinion.

Centralization vs. decentralization: It appears to me that the momentum is with centralization. They have the money, more every year. They have the power, more every year. I don't see a crash of civilization in the (near) future, I see a controlled demolition, with our masters standing atop the heap of rubble when the dust settles. Rubble for us, unparalleled wealth and power for them.

But I hope you are right.

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Lugh's avatar

He's intelligent but he's also the manic fat guy type who often believes what he wants to believe. Like, "Hezbollah can take Northern Israel anytime it wants." Or his complete confidence that the Assad was going to crush the Sunni insurgents days before Syria collapsed and he fled.

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Dennis Merwood's avatar

Conspiracy theories: God and Satan exist.

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Magdalene's avatar

Hide under cover of propagandistic

Neuro-Lingustic Programming phrases all you want, dude. I'm simply using commonly

understood language to

reference the very real forces with which humans must grapple. Good & evil are both very real; if you are unaware of that FACT, you are beyond anyone's help.

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Alan Devincentis's avatar

Silver is down four bucks from the last week. . Buy the dip. Over the weekend was the dip. It’s already come back a1/2.

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JohnAZ's avatar

Oh no, Lisa. Spending bucks right now means that your principal declines to surge back up with the market recovery, which will happen.

Like business, the time to self invest is at market peaks, not dips.

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Lisa's avatar

I agree that someone who is well diversified (i.e., has physical assets, including a stash of cash and some metal stored somewhere safe - and that means in your own safe, not in a bank 'safe deposit box' which may end up forfeit) has the luxury to ride out the market without sweating the load but what about those who currently have everything tied up in the stock market? In these uncertain times $ is flowing to tangibles which are always a safer bet than the stock market. Of course, here in the U.S. things are at this time more stable than over in Europe. It must be an extremely unsettling time for anyone imprisoned under the yoke of unelected EU officials.

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Yirgach's avatar

Lisa, this is a good time to reflect on your portfolio, how it got there and your age.

In the last 5 years the S&P has dropped 13% while Gold has increased 44%.

As you increase the timeline the difference is even larger.

The S&P is the canary because the index is continually refreshed to only promote the winners and remove the losers.

The basic idea is to balance your investment in indices like the SPX as you age with hard assets like Gold, like 40%/20%, pick the ratio you're comfortable with. Stop trading hot stocks and start investing long term in your 40's.

Learn when to cool your jets...

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MarshaLouise's avatar

I think Kunstler has explained it well.

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Cankerpuss's avatar

What's being created? Money out of thin air is being created by the printing presses. That brand new "money" is injected into the system and those at the beginning get all that new money at current prices. The banks. The problem is that it eventually trickles down to we the little folk and by that time all that money being injected into the system makes our savings more and more worthless. Yeah, I have $100,000 in my savings but what good is it if I have to pay $100,000 to buy a fucking pick up truck?

So, what are they creating? Worthless funny munny. That is one thing that government is damned good at creating.

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Lisa's avatar

I checked with a contractor a few years ago about the cost of a standard 2-car garage here at my rural property and the estimate was $35-40k, which at the time shocked me although since then a neighbor stated that it's probably up to $60k now so I guess I missed out on an opportunity. Yes, much better to spend the $40k on a garage that will hold up over the years than on a car that will be a pile of junk in twenty...

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Peter Sawchuk's avatar

I hope you know how to hunt and fish.

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JohnAZ's avatar

Not enough animals to hunt or fish out there.

Denver used to have wonderful fishing in the mountains around it when I was younger. It was destroyed by over-fishing pressure.

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Peter Sawchuk's avatar

I'm in Northern British Columbia. In spite of government incompetence they haven't destroyed it yet.

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Peter Sawchuk's avatar

I've really got to start proof reading my comments. Hunt.

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Ben's avatar

It's very odd I spot many typos and issues only after having clicked reply.

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Magdalene's avatar

This app desperately needs an edit function for comment sections!

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Dennis Merwood's avatar

Click on the three dots on the top right of your comment, Magdalene.

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Magdalene's avatar

Those three dots don't contain an edit function in the Android APP, Dennis. Is there something wrong with your reading comprehension? Do you know what an APP is, Dennis???

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Magdalene's avatar

I get REALLY fucking sick of hearing about a nonexistent edit function from non-Android APP users. Every. Single. Time. I say something about how this APP needs to have one added. So happy for you that the three dots work that way on YOUR screen, but FUCK OFF with that BULLSHIT!!!

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Dennis Merwood's avatar

What's with the anger? Settle down for chrissake!

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Magdalene's avatar

Apologies, I wasn't snapping at you personally, just fed up with YEARS of this issue never being fixed by Substack!

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Magdalene's avatar

It's tiresome. Last straws & all that.

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Peter Sawchuk's avatar

Thanks Dennis. For an old guy like me who doesn't really like the cyber world this was a great help even it it does make me feel a bit sheepish.

Cheers!

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rd3's avatar

Deval

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