Written by Bryan Lutz, Editor at Dollarcollapse.com:
If you’re a dad, this Sunday is special.
If you’re not, there’s something special in here for you too.
Here’s what we do.
Every Sunday I share a few thoughts with you, and other subscribers at Dollar Collapse.
Sometimes we’ll talk about economics, sometimes recent events, and other times, life.
Alright, here are three thoughts for this morning:
1. Happy Father’s Day is about the joy and importance of the Father’s role in transferring value.
If you’re a father, it’s important to celebrate yourself today.
Sounds difficult, right?
That’s because if you’re the average Father, you’re constantly being asked to give up something of yourself.
For fathers who aren’t active, who are passively living their life, a gift might look like a box full of donuts, or a steak and beer, or a few hours alone fly fishing in the wilderness (take your pick).
But for those fathers who are active, who have a purpose, who are intentionally working build something in the world, a celebration on Father’s Day might look more like sharing something of yourself with your family.
That looks like transferring values, high-value hobbies, or sharing what you love. (One guy I know, has a bunch of model airplanes in his office because his dad instilled in him a love for airplanes. He took him to an airshow every year.)
Now, for sons and daughters, this transfer of value helps to ground your children in reality. If boys and girls are not grounded in reality, men will learn to persuade women with their lies, and women will fall to the vanity of their beauty.
It brings to mind that saying, “Charm is deceitful and beauty is vain.”
Men can be charming. They lie to get the girl.
Women can be beautiful. They can be given all kinds of concessions and indulgences because of their beauty.
This comes from the father like a fountain, good or bad… That’s why its so important for to teach their children to live in and deal with reality, and part of that reality is what a father enjoys about the world. Otherwise, what is the point of hanging around a miserable man?
Sometimes there’s the possibility of the fatherless learning this from other men in the community, but this is how it goes.
Father’s get the joy of passing down the knowledge of the world, and how to live in in reality because beauty will fade, and charm is deceitful.
2. Is social security the “thin red line” of the great monetary reset?
Social security could be the “thin red line” that causes the great monetary reset. The average American, having paid into social security benefit their whole life, may not be able to receive that benefit very soon.
As I wrote this week, Social Security Runs Dry in 2032. Three Guesses What Government Response Will Be, the most likely response is to print more money to pay out for the benefit, but if the payments are too much, or too high, you can imagine the civil unrest.
Instead of unrest, the more likely response is to appease the people. Print the money, but…
Eventually inflation outruns credibility, and fiat currencies(the USD) fail. During a monetary reset, or potential crash and then shift from the equities to commodities in the stock market the typical portfolio could be 70/30. Seventy percent stocks, and 30% gold/silver. If you can, it is better to own some gold. This way you lose the least, but that’s just my opinion.
Against, gold, fiat currencies never win.
As an example, here’s a chart shared by Porter & Co. that highlight the historical returns on holding fiat:
3. Speaking of gold, in my opinion, this is great time to buy for the long-term.
I can see the headlines now, “The Fed’s Warsh on Gold”, or something like that.
Since the Fed meeting on Wednesday, gold has taken a hit. The markets believe the Fed’s new chair is a hawk. And that means, they believe he’ll raise rates, which usually pushes the price of gold down. However, I don’t think there’s much to be said about the long-term (24+ months) value of gold. The M2 Supply, Federal debt, and interest payments are increasing. Now Trump’s wars are widening deficits.
Silver and gold have dodged lower below the 200MA. Looks like a great buy.
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This is not investment advice. Due your own diligence. Talk to your financial advisor before making any investment decisions.
