Weekly Webinar #47: “The Coming Crash”

Gold is 12 trillion dollars market...not 100 billion. ; )

Top notch content. Cheers.

Holy shit. Well at my country now, somewhere in the caribbean, we’re in the toy selling phase.

I agree regarding bitcoin being a speculative bubble at this point, but disagree on other crypto currencies. Bitcoin has not seen mass use adoption and it turned out to be not very efficient for that purpose as people thought, this is why it has shifted into being considered a store of value (which it is not in my opinion), and it’s price movement now is mostly speculative. Other cryptos do have a lot of real world use potential, and the transactions on the blockchain to use that technology can only be settled in those respective currencies, that’s where their value comes from. Sure, many of them will probably fail if the underlying technology platforms that they are for do not take off, but some will be here to stay. Think of it as early dot coms, a lot of them failed, but those that survived have gone to the moon and are still around today. I wouldn’t put all my money in crypto markets, but I don’t see anything wrong in diversifying there.

I think your crypto currency call is as bad as your covid call that we’re all gonna die freak out. We’ll see I suppose

everything correct but , the economy will never recover again

Coach, look up the "Amero". It is the name for a proposed North American currency which has been on the drawing boards since the 1970s. That will replace the "Almighty Dollar." I personally pray that every governor of the Federal Reserve system should burn in Hell for what they are planning to put us through.

Mickey Turner

Doesn't that mean that the price (value) you pay for your house will collapse, when everyone who is slaughtered is trying to sell? So you still need to look for undervalued property, i.e. make sure not to overpay... but perhaps inflation will take care of that anyway -- it will destroy all value.

Anyone looking to survive the upcoming crash, I would look into buying: Physical gold, silver, fine wines, luxury watches, vintage cars, NFTS, .... and most importantly cryptocurrencies (its past the point of speculation- this is no longer 2014) such as ADA, Theta, Zil, ETH, etc

Crypto does have a purpose and that is its abilty to act as decentralized unit of value. Not only that but other cryptocurrency that are not Bitcoin actually do have functions and uses other than to store wealth when applied to blockchain technology. Coach please do more research into cryptocurrency, NFTS, & blockchain tech - if you do you will realize and recognize that crypto is inevitable and its value is its ability to be decentralized & counter affects such as market manipulation (Gamestop-Wallstreet) + counter government inflation

Is having debt and putting it into property advantageous in an inflationary crash?

Sure there is a lot of speculative fluctuation in crypto. But no need for them? I'd say there is a need for private coins. Crypto like Monero that is anonymous.

Fun fact: VW few years ago sign a 10 year contract for batteries delivery worth more than Tesla (at that time).

I've read it in a book about investing. If you only count real gold and not contracts etc. it is small number.

And the world? If this happens in the USA, what will be going on in Europe, the Americas and UKAustraliaCanadaNewZealand? Same - worse - better?

I've noticed that the USD to EUR and USD to RMB ratios, for example, are slowly but steadily declining and are about -10% in a course of the last year

I also have a question regarding the influence of the inflationary spiral in the US on other countries around the world that have their own currency. Do they get a chance now to adjust their currency to cost more with respect to the dollar and be less affected by the crash? Basically saying: Hey Americans, you fucked up so please pay now 10 dollars for our, say, yen to buy our goods instead of us paying 10 yen for your dollar. How much other countries would have to suffer (in case of a crash) because of the indebtedness and irresponsibility of the American government?

I keep hearing that the gold market is just $100 billions and very easy to manipulate. But if I try to google it, I get numbers on the order of trillions of dollars. What is the source of the Coach's gold market evaluation numbers?

Micheal Barry of The Big Short- said this today- https://youtu.be/812ix-bsPbQ

CRP should rename himself Gerald O'Hara https://www.youtube.com/watch?v=bzzKPwGhgXs

Porphy's Attorney

Buy Wheelbarrow Futures. One thing tho late last year CRP predicted an Allende-type administration that *will* hand out the free cash (thus accelerating the process). I suppose it's 50-50 that such stuff is in the "stimulus" that ultimately passes.

Porphy's Attorney

Coach, your song "i wanna be a victim" is stuck in my head. When will you make more for us lol

Makes me think back to when I had received a 15k inheritance, and blew it all on stupid shit and a girl I was dating at the time. I had wished something was put into place so that I wouldn’tve received it until I was at least 25, I wasn’t even 19 when I gotten it, I had no one in my life who could give me advice on what to do with it, and I was still very much blue pilled. For a long time I regretted it and to a degree I still do, but now I just think it’s funny I mean someone who’s still a teenager is given that money and what do you think he’s gonna do with it, great video CRP, your webinars in my opinion are your best and most insightful content

Should have started stacking PM years ago😇 maybe I did or my neighbor did. Sadly, lots was lost in a fishing accident. Good webinar, good discussion. I’m planning to buy a house with fixed interest. In my part of Europe, everyone is on variable rates. Everyone will get slaughtered in this mess coming up.

bill gates owning 30% of America's farmland is never a good sign. This man is on a warpath to execute his ultimate eugenics plan for the future sigh

thanks

Although Coach ended on a light note, don’t let yourself be lulled to sleep. This greater depression will be very difficult. For some idea of the difficulties, Neil McCoy Ward on YT reads and comments on some diaries from the US first Great Depression. Listen to those for a preview of what is coming. And in the US back during this time, people were much more kind and civil, and there was not the tribal divisions that there are now. And the US had a far smaller and more self-sufficient population than it does now. Forewarned is forearmed.

So i should start raising food on my farmland . Get a nice crossbow for hunting. Start keeping honey bees again What is your opinion on Nesara and Gesara, there are people how are dreaming of this to things.