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Strategies & Market Trends : The Art of Investing

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Dec 19 4:00 PM EST

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To: Sun Tzu who wrote (6901)	4/3/2023 4:38:28 PM
From: benwood	Read Replies (1) of 10709

Technically I didn't miss those, via 'store of value' but yes, it should be itemized! Transactional costs nowadays are pretty high, at least 3 percent for most things, and those with no savings who buy all their meals via Uber Eats et al (absolute idiots imo) have transactional costs of 30% or more. After tax... And you are absolutely right, those that profit from the current regime, who can gamble away customer's savings and them force them to bail them out, will resist this at every turn. Gov't which destroy their childen's future with profligate spending and rely in the inflation-driven stealth tax (very active nowadays) will resist. In the end, the ability of citizen's to protect themselves would force accountable gov't. Hence, it will be fought with guns. I don't think it will be easy to get there, ala in the 30s when gold was confiscated. I think it's a likely end game here in the US that the gov't gets desperate as the world slides away from the dollar to impose draconian measures with huge threats and penalties.

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