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Message
Inflation
Posted on 4/3/21 at 9:12 am
Posted on 4/3/21 at 9:12 am
With all of the money being printed to buy votes, double digit inflation seems like it's only around the corner.
I was talking to an investment advisor who said it won't be that big of a deal since every other country is experiencing the same thing. Basically, the dollar will still be strong since everyone else is going down the shitter, too.
I thought this was a load of horse shite. Do y'all have any thoughts?
I was talking to an investment advisor who said it won't be that big of a deal since every other country is experiencing the same thing. Basically, the dollar will still be strong since everyone else is going down the shitter, too.
I thought this was a load of horse shite. Do y'all have any thoughts?
22
Posted on 4/3/21 at 9:15 am to Rex Feral
Property is on the bubble, cash is burning value. Agree the rest of the worlds currency suck but the system cannot keep up with this type of manipulation.
Posted on 4/3/21 at 9:15 am to Rex Feral
quote:Yeah - probably ought to shop around for a new advisor.
Do y'all have any thoughts?
Posted on 4/3/21 at 9:16 am to Rex Feral
quote:
Basically, the dollar will still be strong since everyone else is going down the shitter, too.
Probably right
Posted on 4/3/21 at 9:27 am to Rex Feral
This is possible/likely:
The dollar can maintain its position if most/all other currencies are being debased by THEIR countries.
And, at the same time
The US Dollar, and other currencies, are experiencing high inflation and a manipulated CPI
People who have chosen to save, and using liquid and mobile methods (currencies), are being punished, losing 28% of their money every decade.
People who save via illiquid methods (land/real estate, businesses, etc) are being taxed to death for their choices
People saving via alternate currencies (PMs, TIPS) are seeing their savings manipulated by paper manipulation (PMs) or a fake CPI (TIPS)
People who save nothing are being rewarded with paying off debt with inflated dollars, and people who earn nothing are being rewarded with helicopter cash in exchange for their vote.
The dollar can maintain its position if most/all other currencies are being debased by THEIR countries.
And, at the same time
The US Dollar, and other currencies, are experiencing high inflation and a manipulated CPI
People who have chosen to save, and using liquid and mobile methods (currencies), are being punished, losing 28% of their money every decade.
People who save via illiquid methods (land/real estate, businesses, etc) are being taxed to death for their choices
People saving via alternate currencies (PMs, TIPS) are seeing their savings manipulated by paper manipulation (PMs) or a fake CPI (TIPS)
People who save nothing are being rewarded with paying off debt with inflated dollars, and people who earn nothing are being rewarded with helicopter cash in exchange for their vote.
Posted on 4/3/21 at 9:27 am to Rex Feral
It will matter when the dollar is supplanted as the currency used around the world to trade oil.
Once that's over we are fricked royally.
Once that's over we are fricked royally.
Posted on 4/3/21 at 9:34 am to Rex Feral
Anytime prices of goods across the boards goes up the people hit hardest are those on fixed incomes. You will see a big push to increase Soc.Sec. benefits because old people can't make ends meet.
Same with welfare recipients. They'll say food stamp allotments won't cover the price of food during inflation.
Same with welfare recipients. They'll say food stamp allotments won't cover the price of food during inflation.
Posted on 4/3/21 at 9:44 am to thejudge
quote:
It will matter when the dollar is supplanted as the currency used around the world to trade oil.
Once that's over we are fricked royally.
Don’t you think we’d launch nukes to prevent that from happening?
Posted on 4/3/21 at 9:44 am to Rex Feral
quote:
With all of the money being printed to buy votes, double digit inflation seems like it's only around the corner.
I was talking to an investment advisor who said it won't be that big of a deal since every other country is experiencing the same thing. Basically, the dollar will still be strong since everyone else is going down the shitter, too.
I agree with this.
Another way to hold inflation in check is to tax people. Spend the money but take it out of their hands. That's Biden's plan to curb inflation.
Meanwhile real assets will continue to rise under this money printing monetary policy. Once you get federal reserve notes (the dollar) get out of it and store you labor into real assets like real estate, commodities, certain stocks, and even crypto and you should be more than fine. Storing you labor in the dollar is not a good idea IMO. Just use the dollar to exchange goods.
Posted on 4/3/21 at 9:45 am to BamaCoaster
quote:
Don’t you think we’d launch nukes to prevent that from happening?
We would definitely be going to war.
Posted on 4/3/21 at 9:46 am to Rex Feral
Turn out letting Democrats steal elections has consequences.
Posted on 4/3/21 at 9:48 am to Rex Feral
quote:
I was talking to an investment advisor who said it won't be that big of a deal since every other country is experiencing the same thing. Basically, the dollar will still be strong since everyone else is going down the shitter, too.
FWIW this is referred to as "the race to debase".
Posted on 4/3/21 at 9:49 am to GumboPot
Tl;dr buy crypto
Posted on 4/3/21 at 9:50 am to Rex Feral
Create a crypto portfolio that is heavily weighted towards Bitcoin and profit off the governments stupidity
Posted on 4/3/21 at 9:52 am to Tiguar
quote:
Tl;dr buy crypto
Posted on 4/3/21 at 9:53 am to Rex Feral
Being the tallest short kid doesn’t mean you’re tall
Posted on 4/3/21 at 10:33 am to GumboPot
quote:
Another way to hold inflation in check is to tax people. Spend the money but take it out of their hands. That's Biden's plan to curb inflation.
Posted on 4/3/21 at 10:37 am to Rex Feral
quote:
Do y'all have any thoughts?
I know lumber prices are up from a year ago. I bought 2 16’ 2*6 yesterday for almost $26 each. Paid $11 for same this time last year.
I am glad I’m not building a house right now.
This post was edited on 4/3/21 at 10:38 am
Posted on 4/3/21 at 10:43 am to CDawson
quote:
Property is on the bubble
My step-son just went through about a month of bidding wars trying to buy a place in Texas. The sale price gets bidded up way over the asking price then the bank won't loan on the over priced house that gets bidded up.
Doesn't matter though. Bring in the Calif people that just sold their house for millions $$ and they easily win the bid, by-pass the bank loans/appraisals and pay with cash. Its crazy.
Posted on 4/3/21 at 10:48 am to OccamsStubble
quote:
The dollar can maintain its position if most/all other currencies are being debased by THEIR countries.
And, at the same time
The US Dollar, and other currencies, are experiencing high inflation and a manipulated CPI
People who have chosen to save, and using liquid and mobile methods (currencies), are being punished, losing 28% of their money every decade.
People who save via illiquid methods (land/real estate, businesses, etc) are being taxed to death for their choices
People saving via alternate currencies (PMs, TIPS) are seeing their savings manipulated by paper manipulation (PMs) or a fake CPI (TIPS)
People who save nothing are being rewarded with paying off debt with inflated dollars, and people who earn nothing are being rewarded with helicopter cash in exchange for their vote.
This pretty much sums it up.
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