Posted on 05/08/2022 5:13:19 AM PDT by EBH
With price levels continuing to spike, the Fed is no longer using the word ‘transitory’ to describe inflation.
U.S. consumer prices jumped 8.5% in March from a year ago, marking the fastest increase since December 1981. That could give the Fed more reason to continue raising interest rates — something that’s already casting a giant shadow over the stock market.
It’s a vicious cycle criticized by many investing veterans. And Rich Dad, Poor Dad author Robert Kiyosaki is one of the latest experts to sound the alarm.
“When inflation goes up, we’re going to wipe out 50% of the U.S. population,” he told Stansberry Research earlier this month.
Consumer crunched Kiyosaki isn’t exactly pleased with the current state of the U.S. economy.
“America has stopped producing products, we produce bubbles,” he says, adding that we now have bubbles in the real estate market, the stock market and the bond market.
The author also criticizes President Joe Biden’s decision to halt the Keystone XL oil pipeline, which he believes is a major reason energy prices are so high.
It also spells trouble for those who want to enjoy their golden years. When the bubbles burst, Kiyosaki says, the stock market will crash. So those relying on their 401(k) plans “are toast.”
“We don’t have a retirement, our pensions are bust.”
(Excerpt) Read more at finance.yahoo.com ...
One of the desired purposes of government-produced inflation is that it reduces life savings to zero. That is known and intended.
They want you poor and dependent on government. They hate the fact that you might have worked like a dog and saved money so you wouldn’t become dependent. They steal your money by devaluing it.
Can I pick which half?…
Just another ‘expert’ pushing gold.
She’s probably heading a department within NASA.
Though it is down right now, Cryptocurrency has been the best investment over the last decade. It has the added benefit of being outside the control of national governments.
“backup generator”
How do you power it? Solar or fuel?
“Cryptocurrency has been the best investment”
Words matter.
Cryptocurrency has been the best speculation....
The notion of “investing” in zeros and ones is pushing the envelope a bit.
;-)
*There’s no way we can pay 30 trillion dollars back AND this doesn’t include unfunded liabilities.*
Wanna bet? There is $30 trillion in our nest eggs-IRA’s/401K’s. The government only needs to ‘take control’. Suggestions came up in the 2008 election. ‘Promise’ a 3.5% return for the takeover. Jesse Jacksons idea. It would take a fascist government. Good thing we have guns.
Enough hungry and desperate people will eventually overwhelm your ammo.
I thought I had some excellent preps, but the locals tell me I'm still an amateur.
LP gas.
I doubt they will do that. A bridge to far even for them.
The Fed has purposely kept the stock market bubble inflated. They want to avoid too many pi$$ed off retirees watching their pensions and 401Ks dwindle to nothing.
And a solid investment in the ammo to protect it all.
Like precious metals, it will never be worth zero (unless you store it improperly).
I knew somebody would object. Lemme put it this way....Gold and Silver have been terrible investments ever since the end of the Carter administration.
Crypto has sucked a lot of the air out of the room as far as Gold is concerned. People invest in crypto for the same reason they used to invest in gold....a store of value that is outside the control of national governments.....planned scarcity. Therefore a hedge against inflation. You say crypto is speculation but at the end of the day, so is gold. Its just shiny metal. It doesn’t have much by way of actual use. Its valuable because people accept it as being valuable - not because of its intrinsic usefulness. The same holds with Cryptocurrencies, Bitcoin especially.
> In a 10% inflation rate environment and a marginal retiree tax rate of say 27%, the interest rate the retiree needs to get to maintain buying power is about 14%.
Yep. I’m now back in the workforce. A six figure income today feels like a starting salary; thank god I’m not on a mortgage treadmill at least. I laugh at my portfolio.
Those in government are too arrogant to see what’s at the end of line if they continue to advocate for more spending, more taxation, and less accountability, less dissent. They are focused on acquiring unassailable power and believe persuasive rhetoric is more relevant than honest service...
I am not a big fan of gold, though of course it has many centuries of use throughout the world while crypto is a “new” thing.
Gold also can be touched by human beings, which makes it a more credible asset than ones and zeros.
The notion that ones and zeros are “investments” is totally unpersuasive to me—but if you are comfortable with it, enjoy.
I am not a big fan of gold, though of course it has many centuries of use throughout the world while crypto is a “new” thing.
Gold also can be touched by human beings, which makes it a more credible asset than ones and zeros.
The notion that ones and zeros are “investments” is totally unpersuasive to me—but if you are comfortable with it, enjoy.
> Joe retail investors can go short stocks, bonds, and even real estate. No need to sit in cash or be stuck like a deer in the headlights, getting mauled.
Except if some favored party with better access to gov’t intervention is on the wrong side of the investment, then Joe Retail will be picked clean and left on the roadside. Recent history demonstrates this risk is real. However the risk can not be reliably imputed, computed, or otherwise quantified; thus defying reason and therefore must be treated as existential risk to the investment.
I noticed in our local grocery stores the price of hunts sauce is over two dollars a can.😳
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