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Announcements about the US Dollar and the Types of Proposed Changes to World Trade and Investment by the Divine Missions to Urantia / Re: Financial apocalypse
« on: June 16, 2019, 22:19:51 pm »
Sue, I already replied to your question what to do about it very well. You need to recapitalize your own bank account and either place in it your investment proceeds as raw cash or make another account and place all investment securities as cash into the account. You want to be all cash to make it through this one. Investments will tumble and banks with money markets will lose investors galore thanks to the unbridled way a bank deals with fund accounts that lose all their money and mow will lose all their money.
When banks open their doors again, there will be plenty of reason to do investing again as you are now on the ground floor of reputable companies to buy stocks and bonds again. But until the crisis is over, keep everything in case for the duration. Once the crisis hits bottom then risk a little to see how the markets react and wait until stock markets to be running again to reinvest fully.
I am fully sure this is to happen, but there is no way to predict the duration. it may takes as long as six months or up to fourteen months to clear the worst of it. Then one must understand that the difference between normal and what is left is huge, but each person has to decide when it is safe and the degree of risk it will take to feel invested again. I dislike having everything I have in cash which I have done for the past fourteen years anticipating this any moment. But these things are so unpredictable I made an error staying in all cash for so long, but I am still in all cash and consider myself safer than most at this time. Be assured the trouble does not originate in the USA, it may start with a run on the British Pound, or the Italian Lira, or the Somalia shilling (1 Somaliland shilling = 100 Somali shillings = 1/50 United States dollar)
The Australian dollar is secure as is the New Zealand dollar various paeggerd around 1/65 or higher. But the problem is not their stability, the problem is that investors buy huge amounts of the dollars ont he open market and then play them like monopoly money to bid up gold or US dollars. When gold is worth more than the Australian Peg of roughly 1/70 to the $, the Australian dollar dips accordingly and the same is true of all currencies to the USD. The USD is a reserve currency meaning it is not pegged to other values but it has a value indicator based on the worth of the dollar in 1993 as the dollar index.
However the first time the United States measure inflation was in 1913 and here is a table showing what you would have to spend to get what 100 dollars could by in 1913.
SEE THE CHART AT THE VERY BOTTOM OF THIS POST. r
No country currently backs its currency with gold, but many have in the past, including the U.S.; for half a century beginning in 1879, Americans could trade in $20.67 for an ounce of gold. The country effectively abandoned the gold standard in 1933, and completely severed the link between the dollar and gold in 1971.Oct 5, 2012
THE CHART INCORRECTLY STATES THE END OF THE US GOLD STANDARD.
https://www.thebalance.com/what-is-the-value-of-a-dollar-today-3306105
When banks open their doors again, there will be plenty of reason to do investing again as you are now on the ground floor of reputable companies to buy stocks and bonds again. But until the crisis is over, keep everything in case for the duration. Once the crisis hits bottom then risk a little to see how the markets react and wait until stock markets to be running again to reinvest fully.
I am fully sure this is to happen, but there is no way to predict the duration. it may takes as long as six months or up to fourteen months to clear the worst of it. Then one must understand that the difference between normal and what is left is huge, but each person has to decide when it is safe and the degree of risk it will take to feel invested again. I dislike having everything I have in cash which I have done for the past fourteen years anticipating this any moment. But these things are so unpredictable I made an error staying in all cash for so long, but I am still in all cash and consider myself safer than most at this time. Be assured the trouble does not originate in the USA, it may start with a run on the British Pound, or the Italian Lira, or the Somalia shilling (1 Somaliland shilling = 100 Somali shillings = 1/50 United States dollar)
The Australian dollar is secure as is the New Zealand dollar various paeggerd around 1/65 or higher. But the problem is not their stability, the problem is that investors buy huge amounts of the dollars ont he open market and then play them like monopoly money to bid up gold or US dollars. When gold is worth more than the Australian Peg of roughly 1/70 to the $, the Australian dollar dips accordingly and the same is true of all currencies to the USD. The USD is a reserve currency meaning it is not pegged to other values but it has a value indicator based on the worth of the dollar in 1993 as the dollar index.
However the first time the United States measure inflation was in 1913 and here is a table showing what you would have to spend to get what 100 dollars could by in 1913.
SEE THE CHART AT THE VERY BOTTOM OF THIS POST. r
No country currently backs its currency with gold, but many have in the past, including the U.S.; for half a century beginning in 1879, Americans could trade in $20.67 for an ounce of gold. The country effectively abandoned the gold standard in 1933, and completely severed the link between the dollar and gold in 1971.Oct 5, 2012
THE CHART INCORRECTLY STATES THE END OF THE US GOLD STANDARD.
https://www.thebalance.com/what-is-the-value-of-a-dollar-today-3306105