This got reposted on zerohedge and Opti's little helper for summarizing news articles provided the following summary because it ingests zerohedge's RSS feed:
US Treasuries are not "risk-free" as commonly believed, but rather a worthless promise due to impending currency debasement and the US government's impossible debt situation. As a result, investors will likely flee to alternatives like gold, potentially leading to a massive gold bull market, unlike any other cyclical bull market.
So naturally, I opened the article, even though when someone says GOLD, one ought to run far, but hey... we all make mistakes.
Confession time: any article - even if it's not all that good - that starts with
There’s a ridiculous and pervasive notion in finance that US Treasuries are “risk free.”
catches my attention, simply because I in the past used to argue with bankers about this... for years.
It continues to nicely show the size of the bond market vs gold:
It then continues into a long rant, which I'd summarize as: government bonds are a ponzi, which could have been argued with actual arguments... but whatevs.
Given that outlook, how likely will Treasuries remain the world’s premier store-of-value asset? Not likely, in my view. That means people will look for alternatives to park their savings.
Okay but why?!?
More not-so-eloquently chosen words follow, and finally, there it is:
the email signup to get "the full pdf"
So, since I'm pissed that Zero Hedge reposts an IM scam. I get a throwaway email address and do the signup process with that.
After 10 minutes I got the PDF and already 2 spam mails. And a redirect to the classic upsell page, of course.
being a coder, let's first see what's in your pdf:
% strings Survive\ and\ Thrive\ During\ the\ Most\ Dangerous\ Economic\ Crisis\ in\ 100\ Years\ IM.pdf | grep Type/Annot/Subtype/Link | sed 's/.*URI.\([^()]*\).*/\1/'
https://financialunderground.com/
https://swpcayman.com/underground/primary
https://swpcayman.com/underground/primary
https://internationalman.com/doug-casey-proven-strategy/
https://financialunderground.com/the-great-monetary-reset/?ref=15
https://financialunderground.com/terms-and-conditions-of-use/
https://financialunderground.com/positions-held-by-nick-giambruno/
https://financialunderground.com/contact-us/
https://swpcayman.com/underground/primary
<--- thats a ref link for offshore gold.Since I'm not going to open a PDF like that I just sent it to mistral for lulz, this is what it had to say about it:
The PDF "Survive and Thrive During the Most Dangerous Economic Crisis in 100 Years" by Nick Giambruno outlines strategies to navigate an impending economic crisis caused by excessive money printing and geopolitical tensions. Here's a summary of the key points:
Economic Crisis: The world faces a severe economic crisis due to central banks' relentless money printing, which debases fiat currencies and distorts financial markets. Strategy #1: Speculation:
Identify and capitalize on market distortions created by government interventions. Focus on sectors and assets affected by trillions of dollars in government spending and money printing. Recommended asset: Physical gold, stored in private, non-bank vaults in wealth-friendly jurisdictions.
- Strategy #2: Freedom Insurance (International Diversification):
Diversify savings, citizenship, and income across multiple countries to protect against government overreach and capital controls. Recommended assets: Foreign bank accounts, precious metals held abroad, and foreign real estate.
- Strategy #3: Digital Sovereignty:
Minimize reliance on Big Tech and maximize digital privacy. Use proper encryption and open-source software. Recommended tools: ProtonMail, Signal, Standard Notes, VPNs, Linux Mint, GrapheneOS, and F-Droid.
Upcoming Cashless Society: Prepare for a cashless society being pushed by powerful figures, using the crisis as an excuse. Conclusion: Implementing these strategies will help individuals survive and thrive during the economic crisis and gain significant advantages over the average person.