YouSaid · the spoken record
Willem Middelkoop
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- 52
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- 2022-03-10
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- 2022-03-10
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“But as soon as I had collected eight or nine apartments, I thought this leverage could be killing me on the way down. So I really started to study the financial system, the history of financial markets, the history of money. And then I became quite scared. So this was in the late 90s. And actually I started to take profit on my real estate in the early 2000s and started to hedge myself by buying into gold and silver investments. So I've been worried about the monetary system, a fiat money system for almost 20 years. And as I learn more and more about the system, I became increasingly worried. I wrote a few books on this topic, the big reset has been translated to seven languages, so that's the best known. And I always predicted that one day we could end up into this. Major crisis into this monetary system”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“That was a journalist actually in the 1980s and 1990s. And I was interested in the financial system. I started to invest in real estate in the 1990s, about some apartments in the Netherlands, rented them out to expats. And that was quite a new way for me to invest and think about money, learn about money. And I didn't put any of my own savings in those investments. So I had mortgages. It was very easy in the Netherlands to get mortgages for 120% of the value of the apartment. And then I started to learn what leverage is. And it was great on the way up and these investments, real estate was rising 5, 10, 15% a year.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT