QUESTION: Hello Martin, What are you ideas on maintaining money into 2028? You stated money used to be king, however there would come a day to quit money. It sort of feels this CBDC factor is what you’re speaking about. Do you might have any day but?
Adieu in London
Sort regards,
HF
ANSWER: Europeans are a lot more ordinary with canceling foreign money. The ones governments are a lot more Marxist and feature been canceling currencies mechanically since WWII. What occurs is you’re pressured in order your money in to switch it for the fresh model. On this case, it’ll be virtual. What they’re going to do is upcoming glance to peer who gathered that money. If this can be a immense chew, you will be taxed, and the load shall be on you to PROVE you paid the money.
You’re at an advantage swapping it out for gold, shares, or even actual property outdoor of the Blue States and usually towns. As population migrate from the ones areas, the population left at the back of could have their taxes higher. California is the number 1 environment population are departure. They’ve spotted, and as I’ve been ultimatum, you’ll have were given the hell out of that God-forsaken environment. They’re now enforcing an EXIT tax to reduce. The drawback of actual property is they impose a constituent tax on it every year. Some states come with even your automobile. Folk I do know worn to have Ferraris not as a result of they paid a gross sales tax to shop for it, and upcoming you’re taxed at the worth you paid for it every year as constituent tax. For those who accumulation the auto for 10 years and it depreciates, the taxes you pay simply to have it’ll devour part the cost of the auto or extra.
We’re during the COVID extremity when it used to be smart to book the case. Now, you don’t want to book money into 2028. We face STAGFLATION, so inflation will arise sooner than GDP. Thus, the buying energy of money will diminish. Upcoming, once they do the CBDC, which they plan to introduce once January 2025, they are going to stop all money, power you in order it to the attic, and document how a lot you needed to the IRS.
