Posted on 05/19/2021 8:09:06 AM PDT by SeekAndFind
I'm still waiting for the 2010 crash that he predicted and that I prepared for in 2009.(SOB!)
It's even worse. Inflation automatically leads to a "wage-price spiral." At 10% per annum inflation, the purchasing power of a dollar is cut IN HALF in only six years. So wages will have to double to maintain your earnings in real terms.
But tax brackets won't be adjusted for inflation (or will slowly adjust), so you will be pushed into a higher tax bracket. The people Biden says won't pay any new taxes will find inflation and the wage-price spiral has pushed them into the new brackets where you are heavily taxed.
The bastard is evil. He knows exactly how this inflation will hit the poor, the middle class, and how people will be shoved into higher tax brackets.
bookmark
If you need fixed-income investments, buy Treasury Inflation-Protected Securities (TIPS).
If you are retired, prepare to come out of retirement.
Well, people will only go into higher tax brackets, if they have higher taxable income.
Based on the 0bama years, I don’t expect there to be any discernible wage increases for years. The prices will all rise, and the entitlements will all rise. But for those in the middle class, paying taxes, they will just see a decreasing standard of living for the foreseeable future. JMHO
There’s the crisis that I foresaw. As the chinese virus slinks off to parts unknown, the dems need a new crisis. This one has been brewing since Puppet Man and Jezebel took office in the White House.
Expensive gas, food, housing, everything. But never fear! Your Government will swoop down from Heaven and solve the problem and save the human race! They will “solve” the problem they created by issuing more dollars, further diluting the value of the currency, and making everything more expensive. Then Puppet Man will announce special money that goes only to slaves, or anyone who has a dark skin shade and feels like a victim of slavery, paid for by additional taxes on productive citizens.
Buy gold!
Just saying this in case the article didn’t end with the obligatory Schiff exhortation.
So 2020 will be looked upon as the good old days?
Indeed, the prices always rise much faster than your wages, so you get really screwed. But the wages and salaries WILL go up. But prices always lead.
I've lived through all of this before. It isn't pretty. My father in law bought a bunch of 10-year Treasuries near the peak in 1980. He enjoyed that income for quite a while in retirement.
Here's some helpful investment advice...
I remember Idaho spud farmers drivin’ Caddys on their CD returns back in ‘80!
Maybe Disco will make a comeback too!
Re: https://www.investopedia.com/articles/investing/081315/9-top-assets-protection-against-inflation.asp
Investopedia suggests these investments to counter inflation:
1. TIPS
2. Leveraged Loans
3. Bloomberg Barclays Aggregate Bond Index
4. Real Estate Income
5. S&P 500
6. Real Estate Investment Trusts (REITs)
8. Commodities
7. 60/40 Stock/Bond Portfolio
9. Gold
Not at all. Wages and salaries have been hedged with outsourcing, increased immigration, female participation in the workforce, and automation/AI. That is part of the reason there is a legitimate tension/concerns in labor.
10. Live frugally under a budget.
“So what do rich FReepers counsel us to do?”
Buy our Crypto and save us!
If the cpi is going to be up to 6% rents tied to the cpi will increase, the over 65 Apts, mobile home parks have rent tied to cpi.
bmp
Then pick the right time to buy back into quality, high dividend stocks.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.