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Rob (c137)'s avatar

The issue with the economy is that we moved from industrial capitalism to financial capitalism as primary. That's why many markets no longer match reality.

I suppose that's why you stick to commodities.

Industrial capitalism produces goods and services. Financial capitalism just produces more of itself. Buying stocks is basically bullshit these days because it doesn't infer ownership, you are just gambling with chips relative to the cap.

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Fadi Lama's avatar

Nice, especially the reference to Sun Tzu.

The strategy I adopted after the great financial crisis is that of a more recent person, Jesus Christ; whose teachings were reflected in the moral code of conducting business until the medieval period. Following are excerpts from Robert D. Ingraham's "The Modern Anglo-Dutch Empire: its Origins, Evolution, and Anti-Human Outlook":

- There is no place in medieval theory for economic activity which is not related to a moral end

- The most fundamental difference between medieval and modern economic thought consists, indeed, in the fact that, whereas the latter normally refers to economic expediency, however it may be interpreted, for the justification of any particular action, policy, or system of organization, the former starts from the position that there is a moral authority to which considerations of economic expediency must be subordinated.

- Whosoever buys a thing, not that he may sell it whole and unchanged, but that it may be a material for fashioning something, he is no merchant. But the man who buys it in order that he may gain by selling it again unchanged and as he bought it, that man is of the buyers and sellers who are cast forth from God's temple.

Accordingly my strategy since 2010 was not to seek profit without work, rather to preserve value of savings earned from my machine building business. No speculation in stocks, bonds, or interest on savings in bank. Get out completely from the fiat casino and into solid gold.

13 years later, this strategy has paid off, purchasing value of savings has been preserved and is immune to any shenanigans that Money Powers can come up with or the monetary readjustment that will take place alongside the ongoing tectonic geopolitical change.

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