Posted on 04/14/2021 4:42:00 AM PDT by MeneMeneTekelUpharsin
What state are you in? What year is it where you’re living? I’m in Florida, and I don’t buy milk but I know it’s at least $3 something a gallon. Eggs the same or more. Ground beef at $1.99 a pound I don’t remember when I saw it that low. It’s over $3.99/#
BS.
As in total BS.
USA Tomorrow = Weimar X Yugoslavia X Rwanda.
What is total BS? Please explain....
So what are best investments? Anything tangible? Gold? Silver? Guns? Food? Land? Cars?
’ve been hearing this all of my life. Problem is, it’s probably true this time.
Since 1987 I've been contributing an average of 10% of my pay to my 401(k) and IRAs. I'm embarrassed to tell anybody in my family how much it is now up to - besides, if they knew, they'd be hitting me up for "loans" all the time that would never get paid back. Because they'd all think I was super rich. But I don't feel super rich because I've worked my tail off the past 35 years living below my means and investing my surplus instead of spending it.
Anyway, you are right, all during this time as I slowly built my wealth, I've been constantly hearing from "experts" about how the economy is just a house of cards ready to collapse. That I should invest in gold instead of equities. (Funny, these people are always so willing to take my "soon to be worthless money" in exchange for this precious gold.)
Not that a little gold in your portfolio is a bad thing. It will always have value and will likely never go to zero. But historically you are always better off investing in the stock market. And when I say stock market, I'm talking index and mutual funds where no single stock can break you. Slow and steady is the rule for me. I'll never be Bill Gates rich but I shouldn't be in the poor house either.
Now it would just be my luck for the doom and gloomers to finally be right just as I'm ready to retire!
Oh well, if that happens, I'll just keep on working.
“Wait until the dollar is not longer the world’s reserve currency...”
China is already seeking to decouple from the dollar at breakneck speed.
Biden has $2+ trillion in throw around money to keep the economy goosed through the midterms is 2022, so probably between 6-9% growth and a burgeoning stock market, (since there is no interest benefit to keeping money in the bank).
They’re hoping this allows them to keep the House and Senate in the 2022 midterm election.
Shame on the Supreme Court and their failure to crush the voter fraud that stole the 2020 election. Our doom, and theirs, is sealed at their hand.
This is why my “ultrra rich” sister and her husband live in rural Montana, quite a few miles away from the main highway.
And they are not the only ones. The ones in palatial houses near Beverly hills, Central Park, etc. Clyde Hill (Seattle area) could see some bad times, though.
This story is just an excuse to hate successful people. It’s the great dream of everyone too lazy to work. “Everything will crash and those filthy rich people will get theirs.”
Generation have lived and died pinning their dreams on this idicoy.
Just get to work and build something. Ignore this stupid fear-porn.
This story is just an excuse to hate successful people. It’s the great dream of everyone too lazy to work. “Everything will crash and those filthy rich people will get theirs.”
Generation have lived and died pinning their dreams on this idicoy.
Just get to work and build something. Ignore this stupid fear-porn.
This story is just an excuse to hate successful people. It’s the great dream of everyone too lazy to work. “Everything will crash and those filthy rich people will get theirs.”
Generation have lived and died pinning their dreams on this idicoy.
Just get to work and build something. Ignore this stupid fear-porn.
I don’t know why that repeated 3 times but it should be repeated forever.
Diversification and asset allocation are your friend.
We sold that bull last year because of concerns over inbreeding. He was starting to breed his grandkids. We bought him for $400 as a calf and sold him for $8000 as a pure bred Angus breeding bull. We started over with a new bull who will breed for the first time this spring.
Since our herd hovers around our maximum number, we sell all of the calves every summer now, unless we have a cow that is not doing well and have to replace her with one of the new heifers. Then we'll sell the cow and keep the heifer to breed more calves and maintain our herd size.
The very wealthy are obviously very aware of this. They are buying land/houses/goods which they can finance long-term
Happened before.
Corporations know the game and the whole “woke” BS from them is to ensure Biden sprinkles the trillions to them first. They secure their value buying everything they can then leveraging debt knowing they will further wipe out competition in the free market. They will sell their junk to the middle and low class knowing they are protected by their “woke” bona fides and knowing even if they completely fail they get a bailout in whatever comes of this. It is so rigged the best you can do is figure out how to get in on the game.
And if you already have some land, they will raise property taxes so high you won’t be able to keep it
I try to educate POLITELY on other sites and since the virus started, I’m simply being banned on site after site - because they don’t like what I am saying. I simply posted the video of the senate testimony on Ivermectin by a qualified doctor and was banned for “posting conspiracy theory crap.”
government interventionism = increased interest rates + decrease in the rate of growth of the money supply = recession
Was at Aldi yesterday, eggs were .68 per dozen, milk is 1.69 gallon. Ground beef was 1.99 per pound. I am only seeing hyperinflation in any building products and real estate.
But why is the food cheap? Why is the land and building product high?
Keep in mind the inflations of items change. Food can go high and no one wants lumber and real estate. Change can happen very quickly.
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.