Posted on

the American Jubilee

All right. I seen some… Where was it? Power Versus Forest, that should be an interesting… Fly Girls, I wonder what they’re talking about right there? Look at this, look at this. Why America Loses Wars, Limited War and US Strategy From the Korean War to the Present. That should be interesting, because we love to say we’re the strongest country in the world, but he’s kind of right, we don’t really win wars. When the ATM’s Go Dark, that should be an interesting one. The American Jubilee, a National Nightmare Is Closer Than You Think. Oh, really? Look at that. The police. Well, we already know that. What is this about? Interview with legendary investor. What is this book about?

The crowds will cheer and politicians will promise new and better prosperity, but what will actually happen is a national nightmare. Americans are suffering from overwhelming student loan, auto and credit card debt. Meanwhile, wages have remained stagnant or falling compared with inflation. Low income households don’t have the funds to service the money they owe. And politicians would never allow tens of millions of the poor citizens to go bankrupt. Well, wow.

He basically says there… Look at this, the only way out is violent financial revolution. We’re already seeing the uprisings underway. Riots, protests, All Black Lives Matter movements. Now we can even talk about, you know, I can’t say… There’s not really white lives matter, but we’ll say the far right matters by trying to take over the Capitol building. As in any crisis, the wealthy will make a fortune, but for many, it will mean huge losses. That is kind of funny because we’re looking at Coronavirus and the rich have gotten richer while the poor, guess what? Have gotten poorer. The jubilee is coming. This is not even the book I want to look at, but it got me.

Stansberry Research. I think I’ve heard of these people before. What is the American Debt Jubilee. A Major Jubilee Is Coming. Corruption of Politics. Corruption of Debt. Corruption of Currency. Okay. How to Survive. Off-limits: What You Must Avoid. Nine Most Important Things I’m Doing to Prepare for a Crisis in America. How to Profit and What to Avoid. Okay. Yeah. There we go. Yep. How do we make money? One-oh-seven.

Oh, this is a… I was about to use some colorful words. This is a stock book. I had no idea. This is a stock book, I thought it was… Look at this, this is nothing but stocks. I don’t know about y’all. Would you guys ever… This cover does not say stock market to me. This really looks like a police book. I would have never guessed this is about stock market and money. We’re at 107, right guys? So, that goes to show you… I even own a library bigger than most… Don’t judge a book by its cover. Because I would’ve eventually got to this, maybe 10, 20 years down the line, cause I thought it was more of like a war book, right? Like this does not scream financial independence, at all. This is the last thing that I thought it was about. But you know? You pick it up and you start looking at things and you start reading between the lines and you’re like, wow, that’s pretty interesting.

Okay. Everyone’s always talking about taxes, so that’s why I picked this one. Okay. This has nothing to do with stocks, bonds or options, but it’s in a market that’s almost as big as the stock market. It’s the perfect hedge. Okay. What is it? You see the US has managed and continues to manage its finances foolishly. As a result, our country’s debt situation is worse than you can ever imagine. Yes. Look at that, entitlement and interest will take up all of the national debt by 2041. That’s crazy. Comes from the government, the congregational budget office, based on what it sees as the likely scenario. And it doesn’t include government expenses such as bills, lawmaking, military, repairs to roads, and education. Add those in and it quickly looks worse than the banana republics that have defaulted on debts in the past. If you believe what this person is saying, which, I mean, that’s horrible. So he’s saying in 20 years, the government’s going to literally be broke and have absolutely nothing.

So if you look at right here, what he’s saying, we’re not going to go and default. We’re just printing our way out of it, which leads to hyperinflation which is not a good thing. Well, what is the opportunity? Get to that part. There it goes. Real estate. That’s what he’s in here saying. The hedge is basically buy land. If things go badly in America, if the dollar continues to weaken, if our politicians keep spending, if the national debt and taxes go up, housing will hold its value at the very least, and most likely will go up.

Number one, mortgage rates hit their lowest levels in history in 2013 and they keep going down.

I understand this, right. I really, truly do. The only problem that people aren’t saying what happens when you buy a lot of real estate, and money’s cheap and they’re printing money and it’s all good and all that gravy-ness and the world’s going to be fine as long as you invest in real estate, that’s not always true. So, yes, is it a great hedge? Probably. But that does not necessarily… If the whole entire world… If the American economy crashes and it goes to oblivion, your real estate’s not going to be worth anything either.

So, I understand inflation, the real cost of inflation, blah blah blah, but if you don’t own your house and deflation comes then what happens is right now, your loan is really, really cheap because money’s cheap, but what happens if you get a very big loan and then eventually… this is expansion… they’re going to have to contract at one point in time. And if they contract, then money gets really expensive, so if you’ve loaned a lot of things and you have a lot of money out there and you’re living this marvelous life but it’s all debt, when they contract the economy all your debt gets really expensive. Right?

So in situations like this, you’ve got to do your history. Mind you, I don’t want to go too far on a tangent. I don’t know if I’m upside-down or whatever. A great time to look at, is look at what happened between World War One and World War Two of the world and finance. A great book for this is the Lords of Finance. It talks about basically what he’s talking about, because it happened to Germany. Just be very careful when you’re buying real estate. Be very careful on getting into a lot of debt if you don’t have the way to pay your debt off.

But I’m very interested to kind of go more deep into this book, kind of, you know, understand where exactly he’s coming from. Right? Or see if… I like this picture better where I’m just talking to nothing and you’re looking at the side of my face. But no. On a different note, we’re back to where I was at, just be careful. And I’m very intrigued to write my little article and to kind of dive deeper into what his thesis is. All right.