I think the bulls took it on the chin today!
I'm starting to get the feeling that people are waking up to the fact that the Federal Reserve is clueless or very retarded.
I know, we all hear how they are boxed in. They are damned if they do and damned if they don't. I think they are ready to let the market go down and have convinced the dumb money to keep buying on the dips.
What happened to the plunge protection team, a no show?
Yahoo Finance
Stock market news live updates: Stocks slide to end April with steep losses, S&P 500 drops 8.8% in worst month since March 2020
source
They let the dow close down almost 1,000 points, I'ts strange because they like to keep it up over the weekend so it doesn't look so bad. This must have been some serious end of the month reshuffling in my opinion.
How can we protect ourselves from all of this madness?
We have to gamble a little and trade our dollars for tangible assets, this is a boring approach and not very popular. What I have been doing is getting things that I will always use and can be used for barter if the need comes for a short time. Just some examples are tools for working on cars, trucks, and any machines and equipment that will need repair. Dont forget about all your gardening needs, now is a good time to lean how to feed yourself and family!
I always stock up on booze and coffee, I think they will be harder to get with fiat dollars in the future. They will be good for trade and store very well. I almost forgot about firearms, the ammo will be hard to come by also.
I had to through in the get off my lawn NFT by
I have all of that, now what should I do with my wealth today?
I'm not qualified to tell you what to do, so I will tell you what I am doing. My number one way to preserve your savings and buying power is gold and silver. I have been putting my savings into the metals since the monetary crash of 2008, when we had the big circus that started the quantitative easing that will never end.
After a person has built the base for their wealth and has plenty of cash put aside for a rainy day they may want to consider cryptos. I never had much faith that our government would let us use it, and I don't like how it's become a wallstreet favorite.
On the other hand it may be what saves us from the irresponsible spending that has destroyed the petro dollar. I think the folks on Hive and Leo finance are so much better off than 95 percent of the population.
In closing this ramble I want to say I think the quickening of the reset is well under way and the time to really prepare was yesterday. I believe everything strange going on in the world is leading us to this reset, I pray no war comes to our shores!