This April 10th week was an important date based on an ECM cycle. It can bring light markets, politics, and global events. What is amazing is the IMF announcing on the 10th of April 2023, the new UNICOIN.
Keeping Your Purchasing Power:
While most Americans have never experienced a cancellation of currency. It may be around 2027 that something may be triggered away from the US Dollar. While the US dollar may bounce upward into this period, the longer term seems that they wish to setup a new world currency and plan to tell us what we may purchase (if we were a good upstanding citizen).
Yes… that’s right Govt would love to control what you can and cannot purchase — And while everyone was screaming bitcoin, this appears to be the distraction and indoctrination into digital currencies.
Protecting Your Purchasing Power:
Here’s an example to understand this concept of losing purchasing power.
- Imagine you live in Venezuala
- You have 100,000 (Venezuela currency) in your bank account
- Govt Now Cancels It’s (Venezuela Currency)
- Gov’t Introduces New (International Currency) to use
- You bring your (Venezuela Currency) to be redeemed for new (International Currency)
- Unfortunately, instead of 100k of purchasing power, you have only 50k in (International Currency)
- The old currency has been reduced by 50%
Now simply take this concept and use it for the currency you are using and then have it replaced by UNICOIN.
Stabilizing Your Purchasing Power:
So it would be very important to myself to ensure that my purchasing power can be protected. This happened in history many times before. You can even talk to some foreigners who been thru a currency collapse. Europeans seen this with the Euro, Turkish Lira against the US Dollar, and below is the painful reality of a Greece man who lost everything when they transitioned to the EURO.
Below is in Greece, when there were bank runs and savers lost everything due to the currency swap to the Euro. The gentlemen below lost his pension and savings — it was difficult to witness.
Ideas To Prevent To Keep My Purchasing Power:
If I were to place the old currency into Tangible(touch) Assets, the this tangible good would hold the purchasing power while the transition currency — whenever that occurs.
What Are Tangible Assets?
- Equities (Stocks) — Good book value stocks & dividends
- Real Estate
- Collectable Coins (Roman Coins can be sold world wide, US Coins to Americans, etc)
- Gold & Silver (Coins are easier to trade, rather than blocks)
- Stamps, Comics, Baseball Cards, Artwork
- The list goes on… Physical Stuff (Not physical liabilities)
It’s basically about getting my assets balanced to avoid risk. Is the dollar going to collapse, who knows — it may likely rally due to the bearishness of all this news. But moving into 2027 I will be consider assets that hold value.
If this greek gentleman held real estate or stock from Greece, Europe or US in his portfolio. He could likely sell those assets for the new currency if he needed to do so.