“The fall of Rome, Spain’s imperial decline, the French Revolution, the end of Bretton Woods [the 1944 agreement establishing today's international monetary system]… this is effectively a transfer of real wealth from the poor to the rich elites who protect themselves with gold,” Bertrand wrote. “We’re witnessing what may be one of the great pivotal moments in financial history yet it’s being barely discussed.”

It'll never get old to me that the Uber wealthy know money is only valuable because everyone agrees it is. And when they accumulate too much, everyone else stops caring about it make Ng it worthless...

And their response is always to hoard a different thing that is mostly valuable only because people all agree it is.

Like, gold does have some actual uses, but none of this is being used for that. Just hoarded because people think others want it.

But shit gets bad enough, it's like a zombie apocalypse.

You can have all the gold in the world, doesn't mean someone will trade even a gun with a single bullet for it.

There's just no real way to hold onto that insane levels of wealth it inequality, because it's totally unnatural. It's unmaintainable, but the people who benefit will try everything to keep it.

The imaginary money you invested in gold is worthless if civilization collapsed, so it's in the rich person's interests to keep things going so they can pull that investment back.

It's more likely we are heading to another US recession, hopefully not as bad as the 1930s

Some See Warning Signs of Civilizational Collapse

Yes. Everyone.

Just late stage capitalism.

Whenever the pet rock starts to outperform the markets you know you're in for a bad time.

I work in the mining industry and all of my coworkers are so excited about the price of gold and other precious metals hitting record highs. They say that this will result in all of us becoming wealthy. Bless their hearts…

if you are a "have not" start hoarding bullets, they are really good at farming gold from the "haves"

brought to you by Big Marauder

Gold is worth more for the same reason stocks are worth more.

The GOP is destroying the dollar.

This is why I started hoarding bottle caps.

My maga mom has been trying to get me to buy silver for the last few months and I keep telling her if society ended silver isn’t gonna be worth anything. She got mad and changed the subject 😅

*American civilisational collapse

This is great news, my Beanie Baby collection is about to bounce back.

A very useful currency for a collapse at least in the early days is gonna be cigarettes

And some others saw the warning signs a long while ago. I'm glad that some more of the people are finally catching up.