Alright, so I know some of you guys are zero hedge posters and readers. My question to you all is this: if you all think the dollar is gonna die and all that shit and "stack le gold", why the fuck do you all get so butthurt about a cashless society? If you think gold is gonna save you and all paper cash is worthless, why do I constantly see contradictions of " FUCK THEM THEY WON'T TAKE AWAY MY CASH" and then suddenly "FUCK THEM THEY WON'T TAKE MY GOLD!" And vice versa. Been going on for years now.
They don't want their property taken, or converted to something that is easily taken.
Money used to be gold then Roosevelt took the gold and let people keep the paper promissory notes and called that money. That's kinda (is) like theft, so they don't want a repeat of that.
Having said that, I don't hold the position you said in the OP. I am not, however, totally autistic and have access to an internet search engine.
Physical cash is a protection from negative interest rates (legal theft) and ultimately your freedom.
Physical gold is a protection if a currency(s) or paper assets collapse.
Beans, bullets and water are for the transition/interim period.
That's the explanation as best I understand it.
You are correct. I am speaking of the hivemind over there. Even if it isn't ALL of them, someone could say something like "I'LL SHOOTEM WITH MAH GUNS BEFORE THEY GO CASHLESS" and get a high amount of positive replies. I'd say 80-90% of folks there are preppers and stackers so it seems a vast majority hold these contradictory beliefs. From a psychological standpoint, not even economic, I don't understand. It's like they want the fiat system to collapse, but don't want the fiat to get taken away.
I was gonna point this out, as well. Not only do they advertise for gold and silver, but they have trading advice both as ads AND as some of their stories, as well. Some (or one) of the "Tyler's" seem to be fixated with taking BofA investing advice, as I've seen a few stories in the past years of some safe haven investing strategies. Now, if we are to believe what they believe, that the system is gonna collapse, why would they advertise that? For money? The same money that is going to be useless later? Are they simply using that as money to "keep on stacking"? Contradictions over there are as prominent as the contrarian beliefs some hold.
Let me also add that while there are traders of all types whovisit zh,most of the doom and gloomers admittedly do not have actual trading, investment, or any true economic understandings. Especially the southern preppers who take about land and gold, et. Cetera. I guess my question is: why are they the ones screaming loudest but have no true idea of what they are seeing? Are people really that desperate in life that the best they can wish for is a collapse, based solely on individual fear and paranoia?
Waves of hyperinflation happen every so often, and they'll utterly wipe out any savings you have by making them worthless.
That $5k you have in the bank? It'll still be 5k, but it'll only buy you a sandwich after someone tanks the economy. Or some socialist fuck will slap negative interest on it and it'll shrink.
The interest rate is already nearly zero. There's no point trying to save anything other than enough to weather unexpected expenses. Literally just your insurance excesses, four new tires and an exhaust pipe, a couple of tanks of fuel, and 3 months of monthly payments you're contracted into.
You're best off sinking it into assets that won't be devalued. Things like land; a house can be worth 50k or 500k, but it's still a house as long as it hasn't fallen down. A car is still a car, for as long as it runs.
Currently, all my savings are sunk into shares. Not entirely by choice, but they were given as a perk for working for the company in question. One of these days I'll figure out how to get the money out of them, rather than just collecting a 4% dividend every year.
Zero Hedge is actually pretty good at some things.
Ignore the Russian propaganda, the anti-american shit that is constantly posted, focus on the economic articles. It provides legitimate analysis in that sense.
>why are they the ones screaming loudest but have no true idea of what they are seeing?
because usually this applies to all walks of life.
The ones who scream the loudest are the ones who are less knowleadgeable.
Still, you seem to be putting all of ZH readers in the same bag.
Being worried about the feasibility of the current economic model and central bank policy and believing that the US is going to collapse and civil war will ensue with the collapse of the dollar or whatever are very, very different positions.
There are serious, professional traders, hedge fund managers, etc, who visit and read ZH together with all kinds of "normal" business media.
If you want your bear analysis as a parallel to the perma-bullish mainstream media, thats the place to go.
Cashless society means different things to different people. What it really means and why libertarians are so upset is that eliminating cash doesn't mean eliminating government controlled currency. It means that the anonymous portion of currency (paper and coins) will cease to exist and that people will be forced to use only the digital form of currency that governments have full control over. Cash is the last bastion of freedom that stops the state from controlling your life. I imagine in the future you will not be able to buy or sell anything without them knowing except through trade.