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re: I have a friend that panicked in April and cashed out his 401k when Dow was at 36.
Posted on 10/27/25 at 4:41 pm to 3down10
Posted on 10/27/25 at 4:41 pm to 3down10
quote:
People celebrating 3% inflation.
No not celebrating as it should be 2% or lower but after the four years of the turnips admin it most certainly a step in the right direction. Sorry to disappoint you.
1
Posted on 10/27/25 at 4:41 pm to theballguy
quote:You'd be multibillionaire if you could guarantee that.
If you're invested properly, you can take out 8% every year for the rest of your life and it will still outgrow itself.
Posted on 10/27/25 at 4:44 pm to 3down10
quote:3% .... on a debt of .... $38T ???
People celebrating 3% inflation.
You're damn right that should be celebrated.
Posted on 10/27/25 at 4:50 pm to Rebel
He listened to the idiots on the MB claiming Tariffs caused the great depression.
Posted on 10/27/25 at 4:51 pm to NC_Tigah
He bought a used John boat with the money.
Posted on 10/27/25 at 4:51 pm to 3down10
quote:
People celebrating 3% inflation.
We averaged 6.5% a year under Biden.
Inflation at 3% and wage growth at 4.5%
That's actually amazing compared to Biden.
This post was edited on 10/27/25 at 4:52 pm
Posted on 10/27/25 at 5:50 pm to Warboo
quote:
No not celebrating as it should be 2% or lower but after the four years of the turnips admin it most certainly a step in the right direction. Sorry to disappoint you.
2% is too much.
It should be 0%.
Our entire monetary system is economic slavery.
Posted on 10/27/25 at 5:55 pm to dgnx6
quote:
He listened to the idiots on the MB claiming Tariffs caused the great depression.
Posted on 10/27/25 at 5:55 pm to 3down10
quote:
It should be 0%.
I agree but going negative or deflation would be catastrophic. The idea of being zero percent is probably a pipe dream.
Posted on 10/27/25 at 5:57 pm to Warboo
quote:
I agree but going negative or deflation would be catastrophic. The idea of being zero percent is probably a pipe dream.
The entire system is the transfer of wealth from the poor to the rich. Inflation is just a mild measurement of the amount of theft occurring.
The Federal Reserve system and fractional reserve banking should be outlawed.
Posted on 10/27/25 at 6:00 pm to Rebel
Who liquidates their 401k unless there’s a massive emergency?
Panicked? It’ll be up bigly in 10 years without a doubt?
Panicked? It’ll be up bigly in 10 years without a doubt?
Posted on 10/27/25 at 6:02 pm to NC_Tigah
quote:
If you're invested properly, you can take out 8% every year for the rest of your life and it will still outgrow itself.
You'd be multibillionaire if you could guarantee that.
Agree. Wish it was that easy. A lot of people are going to be in a world of hurt or extremely disappointed when we don't have 15%+/year returns every year.
You give me 8% to spend, guaranteed, and I quit work forever. Especially when it will still outgrow itself. We're talking 12%+ every year with no down periods you're forced to draw out during.
I want this secret.
Posted on 10/27/25 at 6:12 pm to 3down10
quote:
The Federal Reserve system and fractional reserve banking should be outlawed.
Posted on 10/27/25 at 6:20 pm to 3down10
quote:
The entire system is the transfer of wealth from the poor to the rich. Inflation is just a mild measurement of the amount of theft occurring.
Or it’s the separation of those that are willing to make better for there selves and those that are not. If you set up a situation that all wealth was distributed equally within 20 years the same that were rich and the same that are poor would be close to the same. It is what it is. South Africa is a very good study of how it happens.
Posted on 10/27/25 at 6:21 pm to Rebel
This affects me how????
Posted on 10/27/25 at 6:29 pm to Warboo
quote:
Or it’s the separation of those that are willing to make better for there selves and those that are not. If you set up a situation that all wealth was distributed equally within 20 years the same that were rich and the same that are poor would be close to the same. It is what it is. South Africa is a very good study of how it happens.
What?
A debt based monetary system is a system of economic slavery. Do you understand where money gets it's value? Why do you think it's illegal for you or me to print money?
Why does wealth need to be redistributed at all? That's called theft. It doesn't matter who you are giving the stolen money to, it's still theft.
I want the Earth plus 5%.
This post was edited on 10/27/25 at 6:30 pm
Posted on 10/27/25 at 6:51 pm to 3down10
quote:
A debt based monetary system is a system of economic slavery. Do you understand where money gets it's value? Why do you think it's illegal for you or me to print money?
What does that have to do with I posted? You are arguing for something that I agree with you on.
quote:
Why does wealth need to be redistributed at all? That's called theft. It doesn't matter who you are giving the stolen money to, it's still theft.
Wealth does not need to be redistributed at all. It will always be distributed to those that work for it and those that do not will have none. The debt that we have brought upon us is nothing more than politicians greed and the need for reelection with disregard for their constituents. Like I said before, if you distributed our wealth/money today, the rich now would be rich again in short order.
Posted on 10/27/25 at 7:10 pm to RogerTheShrubber
quote:
Boat is over 120k new. Bought it for 45k
If this is the case, the boat is old and/or has a ton of hours on it.
Posted on 10/27/25 at 7:20 pm to Warboo
quote:
What does that have to do with I posted? You are arguing for something that I agree with you on.
Sorry, I guess I misunderstood you.
quote:
Wealth does not need to be redistributed at all. It will always be distributed to those that work for it and those that do not will have none. The debt that we have brought upon us is nothing more than politicians greed and the need for reelection with disregard for their constituents. Like I said before, if you distributed our wealth/money today, the rich now would be rich again in short order.
The debt is impossible to pay back, the interest money is never created. The moment they stop printing money, deflation starts automatically.
If there was only $100 in the world, and you owned $10, you owned 10% of the wealth. If they print up another $100, you now own only 5% of the wealth. 50% of your wealth was stolen, even though you still own $10.
If they "loan" that $100 to the government, not only was 50% of your wealth taken, you are now as a citizen expected to pay that loan back, with interest, in the form of taxes. Even though again, the money they loaned had the value come out of the existing wealth. Let's assume it's 5% interest and it's paid off to make it easy. That means $105 is owed back. So now you pay taxes, and more of your wealth is taken.
And it all goes back to the banks.
Your local bank is allowed to loan like multiple times more money than they actually have(Fractional reserves). And it's the same process.
Of course, if you are getting the loans you prosper from the theft of others wealth, under the hopes you can pay it back. Only again it's impossible for everyone to pay back their loans, because the interest is never created. So people need more loans to pay the existing loans and so on. Or even better, you get government contracts and the people are the ones who have to pay the loan back.
So if you redistribute the wealth, then the natural progress of the system would create the rich and poor by this same transfer of wealth no matter what.
I don't disagree that people who do more will have more. But people are doing more and getting less and less and this is the reason why.
Posted on 10/27/25 at 9:51 pm to NC_Tigah
quote:
You'd be multibillionaire if you could guarantee that.
It's never failed to happen over a 10 year period. But, it requires you to do it, not me.
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