Economy and Milk Money

Steve M.

Jedi Master
I've gone over some posts in other areas about the economy, but didn't find more toward what I was looking for. I'm looking for some investment advice, not that I have any great investment money or anything, and also wanted to share my thoughts on how the economy is working.

Last year throughout the year I was able to scrounge up around 1,000 dollars that I put into silver. I can't afford anything else. Well, silver has gone up and I've almost doubled the (dollar) value of my investment. I see a big dive going on in the US dollar, so I'm curious what I might do with the roughly 2,000 dollars I have as cash on hand. I've been scratching around the idea to split it and buy more silver and for now keep the other as cash on hand.

Anyhow looking at the economy, the way I see it is that the Robber barons are going to keep things going as they are. The USA is now a service based economy. Most people are doing service jobs whether it is in food, technology or finances there are very few creative jobs (manufacturing/tech/product creation). So from my perspective everything is getting milked away from the poorer class(es). My friend is about to take out a loan from himself through his 401k pension. He'll then be able to pay off his credit cards and play catch up while he pays himself off for the next 5 years. This is after he has already been milked for around 30k dollars from the ongoing economic depression. Not only did he lose that 30k he also lost all the interest he was supposedly paying himself back from borrowing the money from himself. And of course I imagine the cycle will continue as gas skyrockets a couple more bucks a gallon over the next few months. So then he'll be back to having to use a credit card and some astronomic interest rate so the buck _ucker$ can continue raping him, his wife and 3 kids. Really I don't know what to tell him other than I don't think there will be 5 more years to have to worry about the economic situation.

Anyhow the way I see things over all is that is the only thing keeping the economy going right now. As long as there are a few more people to put into ruin, the situation is going to continue until the rich have amassed as much wealth as is humanly possible, say 99.9 percent of all liquidity and resources, then desperate people will do ANYTHING for them and I mean full scale pathological cruelty. It's so sad. And we'll justify it with little bobby has to eat and the only hand with food will be some industry owner/banker..

The advice I gave my friend was borrow as much as you can. With what little excess you will have, split it between silver and cash on hand. With his debts paid off and such a loan he'll actually be saving himself about 125 bucks a month. He is the only income in his house (of 5). I really want to help him with some advice and some hard facts/reality about the situation we're all in and I am digging up articles and video to share with him but it's possible that I'm not quite grasping the full picture, or reading into it too much.

Any advice would be greatly appreciated!
 
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