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Where will your money be when the US Crashes due to overwhelming Debt.

Posted on 04/12/2020 11:17:20 AM PDT by fightin kentuckian

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To: Bob434
"now would be a good time to invest in mental health businesses"

We should have done that as soon as Donald Trump threw his hat into the Presidential ring. We'd be millionaires by now.

61 posted on 04/12/2020 11:53:18 AM PDT by mass55th ("Courage is being scared to death, but saddling up anyway." ~~ John Wayne)
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To: fightin kentuckian

We are now doing economic distancing.


62 posted on 04/12/2020 11:53:36 AM PDT by cp124 (Time for America 2.0)
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To: fightin kentuckian
What we have learned is that "Stress Testing" the banks is an illusion.

Banks overlended, thanks to the Fed's credit (money) expansion and discount rate offered banks, to borrow newly-printed money.

If banks simply "called in loans" as people started using their checking and savings accounts balances to tied things over, there would be no need for these trillions in bailouts.

The folks with loans would have to liquidate their assets. If the assets HAD BEEN valued accurately, and people with some liquidity (cash) could buy up those assets at good prices, none of the hysteria about "making sure banks have enough cash" and bailing out banks with bad creditors would have ever occurred.

TLDR: Thanks, Banksters & Fed.

63 posted on 04/12/2020 11:54:03 AM PDT by 4Liberty (BERNIE SANDERS: A CRUSTY, ANTI-AMERICAN WEIRDO. - Kurt Schlichter)
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To: yetidog

there’s a lot of privately owned businesses- more of what i was thinking of- But yeah, i guess the wealthy are breezing through the lock-down just fine- o n their yachts- so likely won’t be an increase i n those clients-


64 posted on 04/12/2020 11:54:07 AM PDT by Bob434
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To: PLMerite

What’s that $600 car worth?


65 posted on 04/12/2020 11:54:38 AM PDT by misanthrope (Deranged, sinister, deplorable troll)
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To: PLMerite

which would be worth a small fortune today in good shape-


66 posted on 04/12/2020 11:55:06 AM PDT by Bob434
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To: fightin kentuckian

The economy will not crash but slowly get devalued. You might want to understand how money policy actually work....


67 posted on 04/12/2020 11:55:10 AM PDT by Popman
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To: fightin kentuckian

“I cashed out of 401k and IRA after 2008 crash. never again.”

OK, so...… What did you do with the money? Did you lose any in this last crash?

I would imagine—depending on age and amounts—a lot of it went for penalties and taxes.


68 posted on 04/12/2020 11:55:34 AM PDT by yetidog
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To: fightin kentuckian

Not physical cash. This scampendic will give them the excuse to do away with cash. Just went to a store that not accepting it.


69 posted on 04/12/2020 11:55:54 AM PDT by cp124 (Time for America 2.0)
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To: mass55th

LOL- Corectomundo-


70 posted on 04/12/2020 11:56:20 AM PDT by Bob434
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To: fightin kentuckian

Argentina about to default on their bonds for the NINTH time. Ask them.


71 posted on 04/12/2020 11:57:23 AM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: PLMerite

that car is worth at least $30k today.


72 posted on 04/12/2020 11:57:29 AM PDT by Mariner (War Criminal #18)
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To: fightin kentuckian

Land, owned outright, and livestock would be a good start.


73 posted on 04/12/2020 11:58:10 AM PDT by magyars4 (To sin by silence when they should protest makes cowards of men!)
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To: truthkeeper

>> I didn’t have the stomach for the “just hold” strategy, so I remodeled my house and built an addition. <<

So if a financial emergency comes up you will sell part of your home?

I invested after 2008 and made a killing. The Dow was 11,200 or so in 2008. It is now at 23,000+/-. A $10K investment in the Dow in 2008 would now be worth $40K. Conservatively invested mind you.


74 posted on 04/12/2020 11:58:25 AM PDT by freedumb2003 ("DonÂ’t mistake activity for achievement." - John Wooden)
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To: ThisLittleLightofMine
I would invest real estate.

You never own the real estate...

75 posted on 04/12/2020 11:59:10 AM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: fightin kentuckian
During the 1990's and early 2000's, I put all my "investment-available" money and "unrelated-to-bass-fishing" money into ammo and physical gold... Both of which were dirt cheap then (long gun ammo typically $55 per case of 1000 and gold at $250-$300 per ounce)...
76 posted on 04/12/2020 12:01:33 PM PDT by SuperLuminal (Where is Sam Adams now that we desperately need him)
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To: usconservative
That'll be more valuable than damn' near anything else other than high velocity lead projectiles, which I also have a metric sh*t ton of also.

A thinking man, successful, if they don't find you.

77 posted on 04/12/2020 12:02:04 PM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: beethovenfan
The only treasure that counts is treasure in Heaven. The Bible refers to worldly wealth as “uncertain riches”. Never was that more true that right now.

We have a winner, but the "judges" don't realize it.

78 posted on 04/12/2020 12:03:01 PM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: PLMerite

That car was a cutting edge luxury at the time. But I believe cars were selling for well under $1000 far later than that.


79 posted on 04/12/2020 12:03:04 PM PDT by Williams (Stop Tolerating The Intolerant)
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To: usconservative

you should have built a home distillery with some of that.


80 posted on 04/12/2020 12:04:34 PM PDT by CJ Wolf ( #wwg1wga #gin&tonic #godwins)
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