Posted on 12/13/2023 8:46:19 PM PST by SeekAndFind
I'm not an investment advisor, so don't really offer any.
I can say that most of our assets are on the sidelines in short-term US treasuries right now (4 week, and one tranche in 13-week).
I don't currently trust real-estate, the equities market (even though it reached a new high today), or commodities like oil, gold, or silver.
The reason is that I believe we're heading into a long-term global recession where existing debt will bury people and the old adage of "cash is trash" will now be "cash is king".
bttt
The issue is not 'fiat' - the issue is debt-based money.
'Fiat' currency has been used successfully for hundreds of years in many major economies. Take the tally sticks of England as but one example - before the Bank of England was established in the 1690's and brought in debt-based money.
The American colonists used colonial script with no issue - until England began harassing them to use the new debt-based issuance.
Our solution is to turn away from debt-based money and have the US Treasury issue our money supply as payment of work completed - not as the opposite side of the balance sheet backed by US debt issuance.
The last person to attempt that was JFK in his 1963 Executive Order regarding the US Treasury issuing Silver Certificates. He signed it in June. The banksters had him assassinated not long after.
The new Argentinian president has vowed to get rid of their central bank. That's the equivalent of signing one's own death warrant if he attempts to follow through.
Why? Because debt-based money is really just a claim on the promise of future labor. The holders of those claims are the masters. Those in debt simply slaves.
What does sinful man crave? The control over the labor and future actions of the rest of mankind - Power.
Billionaires don't care about how high their stack of money is - they care about power. Pure raw power. They will destroy those who get in the way of that.
Inflation? Yes. Still here, still thriving. All utilities for me has gone up. Insurance for home, car and medical have gone up. Takeaways from SS have gone up. FOOD has gone up. Gas went back up after the state moratorium on gas taxes expired.
I have yet to see anything that I pay for actually go down. Figures lie and liars figure. Were Donald Trump in office, media and government goons would be singing a completely different set of lies.
In 1968 as an E-1 my pay was about $102/month
In 1976 as an E-5 my pay was about $600/month. It’s why I left service and went to college.
Not by a long shot.
OPEC is going to cut production in 2024, which will raise oil, fuel, and transportation costs embedded within all goods.
There is also Demand-pull inflation which causes upward pressure on prices due to shortages in supply, a condition that economists describe as “too many dollars chasing too few goods.”
Right now we have a fractured supply chain, which is better than the shortages during the heart of Covid, but we still have shortages and disruptions in the supply chain.
At this moment we also have a Baby Boomer population bubble. And while some don't feel rich, Baby Boomers has a significant amount of money invested in stocks, bonds, mutual funds and pension right. They will be selling their stock, bonds, etc. to fund their lifestyle and medical expenses. That means that their dollars will be chasing scarce goods (the definition of inflation).
And the final inflation factor is government policy. Regulations that raise costs or increase taxes are inflationary. It just doesn't look like the government portion of raising the costs of goods is going to slow down.
The past few months have seen a shrinking of the money supply. This will reduce inflation but will also cause a recession. Reagan turned down the money supply spigot but he also trimmed regulations and cut taxes which minimized the pain. With over a trillion dollars spent just to pay interest on the debt recovery is a long way away.
Certainly inflation is NOT behind us in this world, prices are skyrocketing !!!
if the article author lives on Uranus, I can’t say
It’s only an observation.
Last night we went to White Castle. They have those value meals. One is 2 fish sandwiches and small fries with drink for $8. TWO tiny fish sandwiches is an appetizer for me.
Their basic value meal for two is 10 burgers, 2 small fries and 2 drinks is now at $18 dollars.
It’s difficult to remember but I’m thinking under Trump the 10 burger meal was about $10 dollars. These are rural Midwest prices so about as cheap as they get.
I don’t see inflation slowing at all.
We hit a plateau and everyone is celebrating. How about looking over the edge.....
The inflation problems to date are behind us obviously but the inflation problems ahead of us start today.
If inflation fell to 0%, it would still take a long time to catch up to the monetary value we lost.
I blame dim-0s trying to appease the 15 dollar an hour burger flipping skulls full of mush.
Trillions of dollars of funny money printed every year have to show up somewhere
I too have mostly been buying short term(17 week or less) TBills for the last 2 years.
However, I was thinking about putting some money here just recently:
https://www.salliemae.com/banking/certificates-of-deposit/?dtd_cell=RDPCC1DCZPAFBRRTOTHOTHRN010000
I do not know much about this bank, but they are FDIC insured and offering a 5.65% CD:
https://alto.bmo.com/en-us/high-yield-cd/?ecid=af-US77245SVG4-AJUM62&SRC=LS&utm_Medium=Affiliate_BR
Is the inflation problem mostly behind us?
NOPE as long as no oil drilling allowed inflation has a strong foot hold everything is tied to oil one way or another.
Biden open the flood gates for inflation now asks stores to lower their profit margin to make him look good for the election s**t for brains never weakens.
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