If you got a car payment or boat payment, whatever, sell that shit asap. Fucking maximize your savings now. I hope it doesn’t happen but my gut says we are in for a complete economic meltdown and unemployment is going to be the highest it’s ever been 40-50%.
Have you ever read the 2016 article from Forbes with that title, "the year is 2030, I own nothing, have no privacy" etc? They tried to change the title on the original one on the WEF website but the title still shows up in search lmao. (WEF Organized Event 201 sim of a corona pandemic the same month the first case was reported in China...) It reads like it was written by a fucking toddler. These people want to take EVERYTHING from you. Seriously read it you'll have a good laugh. Then a good cry. Once you realize that's what COVID is about.
"Oh I dont own kitchen utensils, so I just order them to be sent to my house that night when I feel like cooking!" Completely fucked, these people are sick. Also mentions how her "living space" is used for work meetings during the day when she's not there... id rather be Dead thanks
Agree with the savings, however with all the printed money and low interest rates, good chance we're heading for some serious inflation in which case cash might not be the best place. A house you can at least still live in, and a car you might be able to sell as the dollar is devalued. Then again, a lot of the stimulus isn't in the hands of actual people so only certain sectors could be hit (ie, some areas have insane housing prices that keep going up and up and up). I don't have a solution either, just warning to keep an eye on the money supply.
Go on. I'm a landscaper paying 500 a month for truck plus insurance.
grass never stops growing in florida. No stocks. No home. Rent a room for 359 a month. Live below means. Save 30% of all income
My money is on stagflation. If you have a fixed rate mortgage you should be able to let inflation get you out of trouble. Any variable rate loans need to be G O N E.
What a lot of people don't understand is that all the debt in the system acts like a major pressure to create demand for US dollars. Once they pop the bubble, and you have massive bankruptcies, all that pressure will go away, and the US dollar will become shit. It hasn't happened before, because the US could always go into more debt and people could credibly believe that we could pay it back, but they are going to be in for a rude surprise this time.
I read about just that thing in The Killing of Uncle Sam by Rodney Browne and Paul L Williams.
The 1929 crash was incremental lending until every American Company was leveraged on loans from the Fed. Then the FED turned off the lending and the house of cards fell.
Of course, now Leftist (Banker Cabals) will use Covid19 lockdowns to do that.
Yep. Except in many countries basically offering UBI now to "Stay Home" those Loans were footed by the IMF. Fuck Them. At some point they will pull the rug out and offer freedom from your mortgage and credit cards in exchange for your private property rights. Extremely Fucked. Not A Joke.
We can't just "post memes" guys.
You have to find like minded pedes in your cities and towns and hatch plans to open everything and make sure they never close again.
Remember... your rights aren't given to you, you receive them at birth.
No Virus Changes That.
well, there were 100 million out there, Trump asked for them to come to DC on 1/6/21 and only 400,000 did.
Over 300+ rallies when life was good, when Trump needed backup, only 0.4% came out to help.
Maybe Covid19 was that virus that attacked the Patriotic Brain Centers as it was presented in the Pentagon Briefing about 10 years ago, which I saw two months ago on YouTube.
Unfortunately people can't just stop working during the middle of the week. Plus yall acted like it was going to be a war...and didn't yall say you were prepared to stay there until the 20th?.... even if 5 million came...what would have happened? Even more "erections"
Yeah people on here are retarded sometimes. There is a reason the left and antifa and blm have so many people out at their shit they don't have anywhere else to be bunch of shiftless trash. They also organize better than the right but mostly being jobless drains in society
Be careful, we could have massive stagflation, in which case low yield would be very bad. In that case, you would want to be in precious metals or commodities.
Cash isn't going to be worth anything either. Hyperinflation will take care of that. Buy something tangible that holds its value - land, gold, diamonds etc.
Well, my other option involves about a billion square miles of salt, and .......yeah..no ..... I would still like to eat sometime in the near and far future.....kek
It's because the federal reserve is setting interest rates, and not the market, but that creates bubbles. I mean, if you had 100K sitting around, would you deny yourself access to that money for 30 years to finance somebody else's mortgage at 1% APR?
After all, if you can (effectively) get money from the central bank at 1%, and stocks are going up 10% per year, then it's a no brainier. But that is a disaster waiting to happen, either it ends like the housing bubble in 2008 with a massive crash, or it ends hyper inflation.
The stock market is a meme because of the fed printing money (abolish the fed). Unironically buy crypto when it really dips (it will fall way much more)
I hope not because I just bought a pretty expensive house (for my middle class standards).
I hate this fool.
If you got a car payment or boat payment, whatever, sell that shit asap. Fucking maximize your savings now. I hope it doesn’t happen but my gut says we are in for a complete economic meltdown and unemployment is going to be the highest it’s ever been 40-50%.
Yep. When the WEF says "The year is 2030. I own nothing, have no privacy, and life has never been better." Its not a prediction. Its a prescription.
And like all leftists, they don't mean themselves.
We won't own anything, but someone will: them.
We won't have privacy, but they will.
Their life will never be better. Ours will never be worse.
Have you ever read the 2016 article from Forbes with that title, "the year is 2030, I own nothing, have no privacy" etc? They tried to change the title on the original one on the WEF website but the title still shows up in search lmao. (WEF Organized Event 201 sim of a corona pandemic the same month the first case was reported in China...) It reads like it was written by a fucking toddler. These people want to take EVERYTHING from you. Seriously read it you'll have a good laugh. Then a good cry. Once you realize that's what COVID is about.
"Oh I dont own kitchen utensils, so I just order them to be sent to my house that night when I feel like cooking!" Completely fucked, these people are sick. Also mentions how her "living space" is used for work meetings during the day when she's not there... id rather be Dead thanks
Florida's got some nice land to camp on
Agree with the savings, however with all the printed money and low interest rates, good chance we're heading for some serious inflation in which case cash might not be the best place. A house you can at least still live in, and a car you might be able to sell as the dollar is devalued. Then again, a lot of the stimulus isn't in the hands of actual people so only certain sectors could be hit (ie, some areas have insane housing prices that keep going up and up and up). I don't have a solution either, just warning to keep an eye on the money supply.
Yeh definitely agree on the cash part
Well my car is paid off.. My fiance just bought a car (had to for work (less than 3 years and a month later they cut his car stiepen)
I'm hoping since we're both "essential?" We may be ok?
We bought our house for 285k which is way more than we wanted but with these Interest rates it was pretty much our apartment payments.
Its scary what we could face and I pray for others who aren't so "lucky" with "essential" jobs even though all jobs are essential.
No way. Come on, man!
Go on. I'm a landscaper paying 500 a month for truck plus insurance. grass never stops growing in florida. No stocks. No home. Rent a room for 359 a month. Live below means. Save 30% of all income
My money is on stagflation. If you have a fixed rate mortgage you should be able to let inflation get you out of trouble. Any variable rate loans need to be G O N E.
Hard assets are your best bet right now as long as you are not forced to sell in the next couple of years.
Oh, it ain't going to be a Recession. It will be a full on Depression, coupled with major inflation of the dollar.
Why yes I did bring my wheelbarrow of cash to buy a few days groceries
Someone else seems familiar with lords of finance or the years between ww1 and ww2.
What a lot of people don't understand is that all the debt in the system acts like a major pressure to create demand for US dollars. Once they pop the bubble, and you have massive bankruptcies, all that pressure will go away, and the US dollar will become shit. It hasn't happened before, because the US could always go into more debt and people could credibly believe that we could pay it back, but they are going to be in for a rude surprise this time.
I read about just that thing in The Killing of Uncle Sam by Rodney Browne and Paul L Williams.
The 1929 crash was incremental lending until every American Company was leveraged on loans from the Fed. Then the FED turned off the lending and the house of cards fell.
Of course, now Leftist (Banker Cabals) will use Covid19 lockdowns to do that.
Yep. Except in many countries basically offering UBI now to "Stay Home" those Loans were footed by the IMF. Fuck Them. At some point they will pull the rug out and offer freedom from your mortgage and credit cards in exchange for your private property rights. Extremely Fucked. Not A Joke.
We can't just "post memes" guys. You have to find like minded pedes in your cities and towns and hatch plans to open everything and make sure they never close again.
Remember... your rights aren't given to you, you receive them at birth. No Virus Changes That.
It's already started what with the pipeline shut down. Offshore drilling is next if it hasn't happened yet. More to come, I'm sure.
Yep, they are setting prices to skyrocket. Get ready for $6/gallon gas and drug prices to soar.
Then they'll pull the rug on the economy. The elites win, China wins, and everyday Americans lose.
6$?
Try $10 and up.
well, there were 100 million out there, Trump asked for them to come to DC on 1/6/21 and only 400,000 did.
Over 300+ rallies when life was good, when Trump needed backup, only 0.4% came out to help.
Maybe Covid19 was that virus that attacked the Patriotic Brain Centers as it was presented in the Pentagon Briefing about 10 years ago, which I saw two months ago on YouTube.
Unfortunately people can't just stop working during the middle of the week. Plus yall acted like it was going to be a war...and didn't yall say you were prepared to stay there until the 20th?.... even if 5 million came...what would have happened? Even more "erections"
Yeah people on here are retarded sometimes. There is a reason the left and antifa and blm have so many people out at their shit they don't have anywhere else to be bunch of shiftless trash. They also organize better than the right but mostly being jobless drains in society
My 401k did VERY good under Trump. I've moved a significant portion of it to cash or low yield guaranteed funds.
You're gonna wanna get out of cash.
Precious metals are probably gonna do well. Crypto will do well if they don't destroy it. Land will do well. Ammo will be King.
Be careful, we could have massive stagflation, in which case low yield would be very bad. In that case, you would want to be in precious metals or commodities.
Cash isn't going to be worth anything either. Hyperinflation will take care of that. Buy something tangible that holds its value - land, gold, diamonds etc.
Everyone who is in the market should dump everything now. Tank the fucker before the traitorous politicians can make any money off of it
It might be more complicated than that; doing that would let other entities buy up the whole American stock market for cheap.
Well, my other option involves about a billion square miles of salt, and .......yeah..no ..... I would still like to eat sometime in the near and far future.....kek
They have to make up lost ground siphoning off wealth from the middle class
I'm balls deep in so many calls and shares I really need to get out before this happens
They pump up a bubble, dump the stocks on people, then pop the bubble, and buy up all the assets for pennies on the dollar.
My prediction is that they will have Biden crash everything, and then when everybody hates him, he will be 25'd from office to defer blame.
It's because the federal reserve is setting interest rates, and not the market, but that creates bubbles. I mean, if you had 100K sitting around, would you deny yourself access to that money for 30 years to finance somebody else's mortgage at 1% APR?
After all, if you can (effectively) get money from the central bank at 1%, and stocks are going up 10% per year, then it's a no brainier. But that is a disaster waiting to happen, either it ends like the housing bubble in 2008 with a massive crash, or it ends hyper inflation.
The stock market is a meme because of the fed printing money (abolish the fed). Unironically buy crypto when it really dips (it will fall way much more)
If he spends money as fast as i think he will i dont expect the dollar to last 4 years, i think inflation will kill it
So I should pull my 401k or live on savings and Overtime (if I can get it) until Soros says Uncle?
I feel like they already did. By hyping the china virus they artificially created a recession.
So? How do a capitalize on this cycle?