Ah, he’s just trying to cheer us up.
I dated a girl named Bubbles. Wonder what happened to her after all these years.....
Looking to buy rural land here.
In the event of a coming bubble burst, will land prices plummet?
He’s right. The only way the government can pay it’s debt is to inflate it away. Print more money. There’s no way we can pay 30 trillion dollars back AND this doesn’t include unfunded liabilities. We don’t make our own drugs. They’re made in China. What will the Americans do without their drugs?
The author makes some good points. “America has stopped producing products, we produce bubbles” ... that’s particularly on-target.
But that headline sure is weird. “Wipe out 50% of the US population” implies that half our population is going to be exterminated. But I guess he really means our retirement plans are going to take a big hit. So I gotta wonder about the author. Is he legit, or is he just peddling fear porn?
Stocks will generally correct to realistic levels.
Banks are refusing to pay realistic interest rates.
Buying stocks at realistic prices is typically what I have tried to do in the historically. Unfortunately, my nest egg is now too small to risk in the stock market.
The Fed can cut rates, or allow rates to rise to market levels.
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%.
I own a house in Florida and have homestead property tax caps.
I hate Florida heat but I will be able to survive.
Stocks are a way of buying into the future profit streams of corporations.
Those profit streams will often remain significant.
preposterous drivel
With the types of investment vehicles that are available today, 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.
I bought some silver in 1983 for $16/oz. It is still about the same price. Today it is $22.34. Gold has done better over the years. With Putin making the Rouble somewhat gold backed.... This helps put a floor under gold.
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.
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.
“When inflation goes up, we’re going to wipe out 50% of the U.S. population,” he told Stansberry Research earlier this month.