The Reset and its implications for your finances: how to profit from it?

[wayneL]

7% will die?

Cites for that please.

 

[sptrawler]

This is completely off subject, but the thread has lost its way anyhow.
How many people died from exposure to asbestos, when they were exposed to it, I would guess 0.
But now companies cringe at the mention of asbestos in their history, as the problems lay dormant for 30-40 years, but when the effects do manifest it isn't nice and it results in much litigation and almost certain death. Non of my ex workmates who got it survived it.
What if there is a dormant aspect to the virus, that is activated as the immune system gets compromised with age or illness, how many will be saying why didn't the Government do more?
I'm not saying there is or isn't anything sinister in the virus, I'm just aware that there seems to be a lot of concern surrounding this virus, much more so than any other virus I've heard of in my 65 years. E.G
https://www.abc.net.au/news/2020-07...ed-cap-on-flights-into-perth-airport/12426528

https://www.abc.net.au/news/2020-07-06/victoria-nsw-border-to-close-over-coronavirus-fears/12424686
So where do we invest, there must be some money to be made somewhere, my dividends and term deposit interest rates are crap?

 

[frugal.rock]

Apparently you need a death rate of about 30-40%, if you have a death rate of 100%, you run out of hosts and the virus dies out.

Until the sequel comes out

 

[sptrawler]

Until the sequel comes out

Yep, this is close, but not quite right IMO

 

[wayneL]

Let's get back on track for the topic at hand, that is the potential economic reset.

First question is will a reset be required "this time"?

Second question is if there is to be a reset what does that look like? World socialism, debt jubilee, a digital world monetary system, or what? All that and more has been mooted in recent weeks.

There hasn't been much discussion on what we ASFers we do with our few miserable sheckels to protect our wealth.

What of the risk that government and/or central bank action may try to prevent us doing that.

There has been incidences of governments banning and confiscating gold. Equally there is a possibility of governments banning Bitcoin.

Worst case scenario is government's going for communist and banning private ownership of the means of production.... IE socialism/communism.

And please don't laugh that off. The momentum is in that direction, despite the hand ringing about nationalism from the left.

At no time in the past 100 years was it acceptable for anybody in the West to be openly communist.

But we now have a situation where it is totally unacceptable for anyone to be a fas3ist or a Na2i, yet completely acceptable for somebody to be an extremist on the other end of the spectrum.

Therein is the clue to where momentum lies

 

[SirRumpole]

And please don't laugh that off. The momentum is in that direction, despite the hand ringing about nationalism from the left.

Considering we have centre Right governments in most Western countries I doubt a move to socialism is on, although I would rather that essential services like power were in government hands.

What momentum towards a shift to the Left do you see ?

 

[qldfrog]

So---
Un restrained in any way approx 7% will contract it.
and 7% of those will die That's 34 million once it took control.
Totally obliterating other deaths you mention.
PLUS its added on to those above which in the case of cancer
would rise dramatically as resources would be un available.
If this was un fettered for 2 years depression /Economics would be
the last of your worries.

Your looking at a world which is doing something.
Although in many areas very poorly.
Take that away and its a much much different world.
You underestimate covid and the results thus far.

I get it it is currently a small amount for much disruption.
But once out of control there will be NO coming back.
The only savior is a vaccine or treatment.

But we are all different.

you know where I stand, but what would I know when 40 or so persons died in my hometown out of around 5000 inhabitants, here with hardly twice that in the whole 26M of Australia, people know much more..they saw it on TV/read in in their paper....there is a 41y old who died of it etc...

I forgot to add that 33 or so of those were in aged care, and I am not talking aged care residence from the leaflet or TV ads
but bed ridden/wheelchair pushed..(we use the french term "mourroir" /death waiting-room)
I so wish both my grandmothers had had the chance to get COVID..sadly they both died above 100y old in conditions I would not put a chook or cattle thru, even less a dog or cat...
This is harsh and sad reality but what would I know?
BUT
--------------------------------------------------------------------------------------------
If I could please ask you all to push aside the debate and focus on the significant changes triggered/caused or excused by this virus.
I think we can all agree there that the changes are here and more coming ?

I like :

And with shares one has 2 quickly interchangeable assets ... cash and shares.

I see shares more protected from government grab than cash; if Governments start grabbing shares , then O/S owners are target as well, and they have power...
So 100% with you GG;
Wayne raised the Bitcoin subject; I own 1 BTC and have been surprised by the stability of BTC along that crisis..
I hope you find this chart interesting:

Quite stable for BTC don't you think?
I have not really thought about increasing my crypto exposure, anyone looking that way?

 

[wayneL]

Considering we have centre Right governments in most Western countries I doubt a move to socialism is on, although I would rather that essential services like power were in government hands.

What momentum towards a shift to the Left do you see ?

Yeah, I think the proletariat is moving to the centre right, but the "deep state" for want of a better term, has been in entrenched by the extreme left.

(and yes I agree with you that essential services such as power would be better held in public hands)

In fact I rather think that what we have developing (and maybe even fully developed already) is an economic fascism, rather than the state controlling the means of production, we have an alliance between the state and international corporates, vis a vis corporatism.

As such, a move to the centre right and nationalism by the proletariat is playing into the corporatist’s hands.

We won't see a Soviet style of communism I don't think. But MMT is definitely on the cards and ipso facto, already partially implemented.... And I think the current situation has been a massive social and economic experiment... but probably opportunistically so.

The corporatists have learnt valuable lessons about how well they can manipulate the seething masses... So we shout see from now on how they choose to implement what they have learnt.

I forgot I'm not looking forward to that and hark back to another thread about exiting the West... Just haven't figured out where... Maybe Mars.

 

[qldfrog]

Just wanted to add that I bought silver ETPMAG and CSL today with that RESET in mind

 

[Knobby22]

Yeah, I think the proletariat is moving to the centre right, but the "deep state" for want of a better term, has been in entrenched by the extreme left.

(and yes I agree with you that essential services such as power would be better held in public hands)

In fact I rather think that what we have developing (and maybe even fully developed already) is an economic fascism, rather than the state controlling the means of production, we have an alliance between the state and international corporates, vis a vis corporatism.

As such, a move to the centre right and nationalism by the proletariat is playing into the corporatist’s hands.

We won't see a Soviet style of communism I don't think. But MMT is definitely on the cards and ipso facto, already partially implemented.... And I think the current situation has been a massive social and economic experiment... but probably opportunistically so.

The corporatists have learnt valuable lessons about how well they can manipulate the seething masses... So we shout see from now on how they choose to implement what they have learnt.

I forgot I'm not looking forward to that and hark back to another thread about exiting the West... Just haven't figured out where... Maybe Mars.

Economic fascists, corporatism, pretty left wing views, yet you mention deep state as being far left. I don't see how. If it did exist surely it's acting for the rich and powerful.

 

[wayneL]

Just wanted to add that I bought silver ETPMAG and CSL today with that RESET in mind

I've been quietly wading in to ETPMAG too, sans being able to get enough physical... Gonna investigate CSL

 

[Knobby22]

Just wanted to add that I bought silver ETPMAG and CSL today with that RESET in mind

Already own heaps of CSL.

 

[wayneL]

you know where I stand, but what would I know when 40 or so persons died in my hometown out of around 5000 inhabitants, here with hardly twice that in the whole 26M of Australia, people know much more..they saw it on TV/read in in their paper....there is a 41y old who died of it etc...

I forgot to add that 33 or so of those were in aged care, and I am not talking aged care residence from the leaflet or TV ads
but bed ridden/wheelchair pushed..(we use the french term "mourroir" /death waiting-room)
I so wish both my grandmothers had had the chance to get COVID..sadly they both died above 100y old in conditions I would not put a chook or cattle thru, even less a dog or cat...
This is harsh and sad reality but what would I know?
BUT
--------------------------------------------------------------------------------------------
If I could please ask you all to push aside the debate and focus on the significant changes triggered/caused or excused by this virus.
I think we can all agree there that the changes are here and more coming ?

I like :

I see shares more protected from government grab than cash; if Governments start grabbing shares , then O/S owners are target as well, and they have power...
So 100% with you GG;
Wayne raised the Bitcoin subject; I own 1 BTC and have been surprised by the stability of BTC along that crisis..
I hope you find this chart interesting:
View attachment 105657
Quite stable for BTC don't you think?
I have not really thought about increasing my crypto exposure, anyone looking that way?

I have discovered BTC options... So I'm in at some stage very soon... Vols make it quite an attractive proposition.

 

[frugal.rock]

Haven't looked at Titomic (propiatary 3d printing) or Whitehawk (cyberspace security) lately, but they are operators in current and future growth areas. Thor Resources may come to something also (uranium).

 

[qldfrog]

Economic fascists, corporatism, pretty left wing views, yet you mention deep state as being far left. I don't see how. If it did exist surely it's acting for the rich and powerful.

tempting to answer but please not here.

 

[qldfrog]

Haven't looked at Titomic (propiatary 3d printing) or Whitehawk (cyberspace security) lately, but they are operators in current and future growth areas. Thor Resources may come to something also (uranium).

interesting but the danger is to jump after a few key buzz words.
If I say AR/AI software and hardware custom mass produced AR glasses, would you invest? that's my startup in China, but so are 30 others...odds are low
very rarely in new tech, even game changers trends, do you have a single entrant, you usually have hundreds , a few will be winners, most losers..
funding is not enough to determine the winners, nor is technology. It is nearly a given historically that the best technically is never the top winner..would be interesting to know why?

Uranium?
Coming from a country where it is very common, and the nuclear lobby very strong, moreover from a institute which was created to provide its researchers and so on, I do not believe we will see much growth, maybe enough so that we start producing our own bomb...was discussed a few posts ago but we do not have the heads/knowledge...or collaboration but who with?Japan? the wrong resources for Nuclear weapons...
What could happen is that the current source for Uranium are deep into very troubled African countries, Africa is soon to be mainly under China dominance with a major islamist issue so we could provide an alternative for the existing usage in the west, after all we have mega resources and are safer than Mali or other west African countries
But which to choose, and when?
For decades now , nuclear reactors the world over have been burning the leftover of dismantled ballistic missiles.I believe this will soon stop but when..a timing issue there
But indeed a new area worth discussing

 

[sptrawler]

I have had a look at Nitro NTO, secure digital signature of documents, it should become more popular if work from home becomes the norm, they have a pretty impressive list of users. BUT it is hard to get excited.

 

[frugal.rock]

I have discovered BTC options... So I'm in at some stage very soon... Vols make it quite an attractive proposition.

There was a BTC (options?) scam of sorts recently, can't remember particulars. Advertised using ABC ? etc backdrops to make it look real.

 

[wayneL]

There was a BTC (options?) scam of sorts recently, can't remember particulars. Advertised using ABC ? etc backdrops to make it look real.

Several legit platforms offer them and even quoted on barchart.com

But you are right to point out that this arena IS full of scams... AND one should be pretty au fait with the OPM and how **** works.

I am already a fair way along that particular Dunning-Kruger spectrum

 

[qldfrog]

One way NOT to protect yourself:
https://www.news.com.au/national/qu...y/news-story/5494c52d1c9bbf3c6c81a0ecdd92887e