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Jumbo_Gumbo
LSU Fan
Denham Springs
Member since Dec 2015
3726 posts

re: The middle class is dead and will never return
I’m on the Dave Ramsey Plan. According to him, i will be set in another 10 years. I’m 37


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Jake88
George Mason Fan
LSU/Saints Fan
Member since Apr 2005
44040 posts

re: The middle class is dead and will never return
quote:

If you think you will become rich by working 9 to 5 and not learning how to play the international game, you will always be poor.
Well, this is clearly wrong.


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RogerTheShrubber
LSU Fan
Juneau, AK
Member since Jan 2009
184818 posts

re: The middle class is dead and will never return
The middle class is doing fine. Marxists would have you to believe otherwise.


Bass Tiger
Missouri Fan
Member since Oct 2014
19000 posts

re: The middle class is dead and will never return
quote:


“Own a business” isn’t an ironclad asset when the government can pick winners and losers by shutting some down but not others.


I thought I heard last week on FBN over 20,000 businesses in NY have gone out business due to Covid19.


NC_Tigah
LSU Fan
Carolinas
Member since Sep 2003
100518 posts

re: The middle class is dead and will never return
quote:

The middle class is dead and has been since the 70's. There is no R or D that will come and save the middle class.

The US has the greatest preponderance of thriving middle class in the world.

Hell fellow, our "poverty line" is middle class in half of Europe ... literally. e.g., Italian median income aligns with what we call "poverty" in the US


Possumslayer
Tennessee Fan
Member since Jan 2018
4990 posts
 Online 

re: The middle class is dead and will never return
Your opinion < pile of poo


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Bass Tiger
Missouri Fan
Member since Oct 2014
19000 posts

re: The middle class is dead and will never return
quote:

Dawg03
Gold and silver are heavily inflated and have no intrinsic value. Once the economy and geopolitical environment stabilize, their prices will drop.


I would ordinarily agree but since the financial crisis of 2008/2009 gold prices have not visited their pre crisis cost per ounce. Before the financial crisis gold was $600/oz .....it hasn’t retreated below $1000/oz since. Banks and many countries have been buying a lot of gold since the financial crisis......they must think something is coming.


David_DJS
Member since Aug 2005
1222 posts

re: The middle class is dead and will never return
quote:

Hell fellow, our "poverty line" is middle class in half of Europe ... literally. e.g., Italian median income aligns with what we call "poverty" in the US

75% of Americans would be shocked by how the rest of the world lives. Poor in America is two cars, 1800 sq ft of living space, 165 channels + Netflix + HBO, an X-box, iPhones for 8 yos and a $200 per month cellular family plan, and $150 Nikes on every adolescent foot in the house.


Revelator
Member since Nov 2008
42475 posts

re: The middle class is dead and will never return
Invest in the afterlife. This life is but a vapor or like the seeds of grass


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Mulat
LSU Fan
Tulane - Tiger in Avalon Bch, FL
Member since Sep 2010
16384 posts

re: The middle class is dead and will never return


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USA
Member since 2001
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davyjones
LSU Fan
North Central, LA
Member since Feb 2019
9176 posts
 Online 

re: The middle class is dead and will never return
Yep. I seent it on "90 Day Fiance: The Other Way". There's some important lessons to be gleaned from that program. Each American on the show appears so high maintenance and is in utter shock at their future digs overseas once they get there, even though they themselves aren't exactly upper class material in the U.S.

Really, we take a lot for granted. Or I do at least, I should say.


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Dawgfanman
LSU Fan
Member since Jun 2015
10755 posts

re: The middle class is dead and will never return
quote:

I would ordinarily agree but since the financial crisis of 2008/2009 gold prices have not visited their pre crisis cost per ounce. Before the financial crisis gold was $600/oz .....it hasn’t retreated below $1000/oz since. Banks and many countries have been buying a lot of gold since the financial crisis......they must think something is coming


Gold is virtually the same price it was 8 years ago. It’s spent nearly that entire time being much cheaper. Now might be the worst time to buy gold in the last decade.


obdobd918
Member since Jun 2020
230 posts

re: The middle class is dead and will never return
quote:

Once the economy and geopolitical environment stabilize, their prices will drop.


If Biden is elected, this will not happen. Better hang on to your gold, silver, ammo, liquor, and anything else you can use to barter.


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Bass Tiger
Missouri Fan
Member since Oct 2014
19000 posts

re: The middle class is dead and will never return
quote:


Gold is virtually the same price it was 8 years ago. It’s spent nearly that entire time being much cheaper. Now might be the worst time to buy gold in the last decade.



Gold is at nearly $2000/oz as of this Friday. I would have to check but I believe after hitting a high of near $1900/oz in 2010-2011 gold retreated below $1100, after that $1900 high gold has once again climbed back to near $2000/oz as the equities market have also climbed back near record highs. This is an unusual relationship historically speaking as gold and equities are generally a divergent relationship.


jrodLSUke
LSU Fan
Tigerdroppings Premium
Member since Jan 2011
16244 posts

re: The middle class is dead and will never return
Vote Libertarian, they will make it better with open borders and new trade Agreements


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Jp1LSU
LSU Fan
Fiji
Member since Oct 2005
2035 posts

re: The middle class is dead and will never return
quote:


If you want to firmly establish yourself in the world of the “rich"

- own hard assets; gold, silver, real estate.

- own a business

- Hold speculative investments. An example is the cannabis industry

Protecting what you’ve earned from taxation, inflation, and other forms of confiscation by internationalizing your assets.

If you think you will become rich by working 9 to 5 and not learning how to play the international game, you will always be poor.

The middle class is dead and has been since the 70's. There is no R or D that will come and save the middle class.


The current policies have deliberately done harm to the middle class while the upper class creates more wealth. It’s been an easy move because they have led the middle class to hate the poor. Blame it all on the poor as they feed corporations. Many people have been trained worry about a mom buying potato chips but don’t care that the US is giving millions to a foreign company that is foreign so that they don’t pay taxes just so that cruise lines travel again. Look at the stock symbol CUK. Lol it’s the TD word of the year.


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CrusaderInfidel
LSU Fan
Possum Corner
Member since Feb 2015
167 posts

re: The middle class is dead and will never return
I’m a graduate of Louisiana public schools, so if I’m wrong and not sharp on my math, please set me straight:

Grocery stores don’t take gold as payment do they? How about the gas station? The company that drills your water well? How about BCM or Sig or Glock? Nope...they take dollars and the majority are electronic transfers via credit / debit cards (which are restricted from some purchases).

Gold is going for $1975 an ounce today and was low of $1436 this year, so a little under 40% growth.

The cheapest 5.56 bullet is averaging around .50 cents per round up from a low of .18 - .20 cents per round of Eastern European / Russian steel case...growth of 180%.

Gold is a good investment if you treat it like any other legalized gambling in the stock market. It’s worthless the day the lights go out and food shortages come.

Gold bullets are worth as much as Confederate money.

Just my thoughts.


Bass Tiger
Missouri Fan
Member since Oct 2014
19000 posts

re: The middle class is dead and will never return
quote:

I’m a graduate of Louisiana public schools, so if I’m wrong and not sharp on my math, please set me straight:

Grocery stores don’t take gold as payment do they? How about the gas station? The company that drills your water well? How about BCM or Sig or Glock? Nope...they take dollars and the majority are electronic transfers via credit / debit cards (which are restricted from some purchases).

Gold is going for $1975 an ounce today and was low of $1436 this year, so a little under 40% growth.

The cheapest 5.56 bullet is averaging around .50 cents per round up from a low of .18 - .20 cents per round of Eastern European / Russian steel case...growth of 180%.

Gold is a good investment if you treat it like any other legalized gambling in the stock market. It’s worthless the day the lights go out and food shortages come.

Gold bullets are worth as much as Confederate money.

Just my thoughts.


Something to keep in mind....gold has never been worthless throughout the history of mankind. Fiat currencies come and go. If society collapses hard assets are all that remain, the ability to protect your hard assets is how one preserves their wealth.

The other scenario is the power brokers (Global Banks) accrue enough gold and silver to be in a position to dictate the new monetary system if the global fiat currency system fails. Is that going to happen? Who knows, but it’s common knowledge to the folks who follow the PM markets that many countries and Big Banks have been hoarding large quantities of gold the past 10 years.


CrusaderInfidel
LSU Fan
Possum Corner
Member since Feb 2015
167 posts

re: The middle class is dead and will never return
I understand what you’re saying.

My point is when the rubber meets the road and hyperinflation comes again and devalues our dollars, the vast majority of folks will have two choices...choose the new government form of currency that is strictly controlled or barter for goods and services in like kind.

I’ll roll my extra money to brass and lead over gold and silver (which all equally rise in times of uncertainty lately).


Dawgtini
Mississippi St. Fan
Member since Aug 2019
56 posts

re: The middle class is dead and will never return
I'm on my 5th mortgage. It's a bitch with so many kids and a single income, but .... if I survive China flu and live long enough ... /smokin smiley emoji}


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