Last week, while on the plantation, the dude who works with me out of the blue, decided to query this one particular member, who regularly access the building, about what he did as a vocation. Apparently he was a financial consultant, basically recommending to businesses, what moves they needed to do going forward.
When the dude I worked with started asking him about financial tips, I perked up as the conversation became very interesting. Dude number two informed us that he would not indulge in buying stocks and basically urged us to buy gold or silver. This was in line with my personal feelings around fiat currency, however, his confirmation assured me that what I was looking at was sensible.
Another thing dude number two mentioned was how the penchant to bail out bad or greedy business practices by corporations and individuals over supporting small business or putting money into social projects, had created rapidly ascending inflation, which will make fiat money even more irrelevant than toilet paper.
The crash of 1929
The crash of 2008
I have seen many black people promoting trading stocks as a fast way to getting wealth. Or misusing credit or loans for personal aggrandizement instead of using it to build their legacy. The problem number one was that the stocks they were promoting were high risk stocks, instead of say…penny stocks, which are of lower risk, lower returns, but good enough to make money. The other thing is that we as Afrikan people believe more money means more shit you can buy.
Personally I believe that many of us have tied our safety and future to much on this fiat currency and quick money return on stocks, more than preparing for the manufacture crash about to hit us in the next little while. Overstand that as a ethnic group, we Afrikan people lack the necessary preparation, skills and mind set to prepare us for when white pathology either crashes or manufacturer a crash in order to keep themselves relevant.
This image is of the bank of England. Notice that while they give us the suckers fiat money, they hoard all of this gold in their basement?
Yet I hear so called economist…you know the suckers who go to university to be taught by people, who practice the same ideology of the current system…saying that gold is limited. What I was told by dude number two was that there is more gold in the ground than what they tell us. He also mentioned that silver while not as valuable as gold, is in greater in demand, because of its usage in quite a few more electronic gadgets than gold. So while gold as a 10-1 value to silver. Silver has a 10-1 ratio to gold, in the ground and in its usage. Therefore you can never go wrong with either.
Overstand that the most important thing one should have for generation wealth is………
…land you can grow agriculture on. This should be the first and most important thing we should strive for. We should also have the means to protect our piece of land.
This will be easier if we have a large network of land owners that protects each other. Unfortunately most arable lands are being bought up or stolen by big corporations and misused to further poison people or screw up the environment. Also many of us lack the skills or desire to own land (as opposed to houses and condos). While bartering is fine on a small enclosed community, it becomes unsustainable on a larger scale, when dealing with a larger body of people. So the next best thing, we should strive to do is have a greater means of purchase.
Hoarding gold or silver for when fiat money goes out of circulation finally, due to a recession, a depression or a world economic crash. If you doubt me consider what is occurring in oil rich Venezuela, right now.
Many in the conscious community lack what a lot of the non conscious people have, the burning desire to organize around commerce. This is the main reasons why we can’t get off the ground because of the lack of finances. We keep calling for unity and sharing of resources and time, to no avail. We lack the unity or even the common sense to utilize capitalism to our own end instead of endlessly criticizing it only. We mistake commerce for hyper capitalism, which is oppression. We refuse to engage in commerce on an intelligent scale, so we are left literally or figuratively living hand to mouth. We should be able to fund our commercial and social projects intelligently, yet we can’t because many of us lack solid financial overstanding. Or a large enough bank account.
Grants are being reduced all around. Loans are killing us. so what to do? Suggesting that one buys gold or engage in a capitalistic strategy is not selling out or losing sight of the purpose. But as quiet as its kept, we need a means to survive. And like I said arable land is in shortage right now based on the points I made above. Recently I took personal steps to by pass the banks, except for the paying the most basic of bills etc. When it comes to savings i would rather turn my cash into gold and silver. Opening a gold money saving account, eventually eases debts by turning your cash into gold. For more information check out this information here and here.
I know this is a deviation from the norm on this blog spot. But my intention is two fold. To fund my project myself, without needing to get rejected by the banks or granting agencies and to share with those of you, who have the ability to see the big picture. It is not for everybody. While my recommendations are not perfect, as long as you have a bank account, it is imperative you consider different options.