In.
I am personally going to be getting out of fiat currency and going towards gold or some sort of limited currency
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01-21-2021, 08:01 PM #1
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01-21-2021, 08:03 PM #2
- Join Date: Feb 2011
- Location: Phoenix, Arizona, United States
- Posts: 4,635
- Rep Power: 31305
I’m going to try and offset the affect of inflation by getting 110% returns on ARKK
Also trying to find out how to buy some DCA and BTDEntire NYPD should go on strike. You'll see then how quickly the mayor changes his tone.
"Dig with your hands, not with your mouths"
Entire NYPD should go on strike. You'll see then how quickly the mayor changes his tone.
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01-21-2021, 08:05 PM #3
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01-21-2021, 08:10 PM #4
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01-21-2021, 08:12 PM #5
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01-21-2021, 08:15 PM #6
Did dad catch this gem?
https://cryptonews.com/news/idea-of-...nting-8973.htm
Yellen wants to tax unrealized capital gains. Insanity. No way to spin it - this would destroy the middle class.This account was created for the purpose of roleplaying and satire. All posts, messages, images, or other media produced by this Bodybuilding.com profile, including stories, names, references to characters and incidents, and views expressed, are fictitious and intended as parody. No identification or association with actual persons (living or deceased), places, buildings, or products is intended or should be inferred.
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01-21-2021, 08:17 PM #7
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01-21-2021, 08:19 PM #8
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01-21-2021, 08:46 PM #9
Low IQ poorly educated libs believe in fairy tales and think that money get pooped out of the unicorn's ass.
I have my investments and exit strategies. Good luck to the residents of Banana Republic when chit hits the fan, you can pile your worthless "free stuff" cash on a wheelbarrow like they did in 1920 Germany and starve to death.
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01-22-2021, 05:48 AM #10
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01-22-2021, 06:01 AM #11
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01-22-2021, 06:20 AM #12
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01-22-2021, 06:27 AM #13
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01-24-2021, 09:58 AM #14
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01-24-2021, 10:33 AM #15
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01-24-2021, 10:56 AM #16
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01-24-2021, 10:56 AM #17
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01-24-2021, 11:03 AM #18
I can see a deflationary shock with everyone using their gibsmedat to pay off debts and save and not having much money to get by. Still may be a good time to buy property with Bidens plans to give 15k away to "help" inflate the already massive housing bubble.
The market could always crash up but I don't see that happening.
Were likely to have some sort of global currency crises ending with a move towards an IMF SDR cryptocurrency...if the elites get what they want.
Buy commodities, good property, and consider a cash refinance for home equity if you're in a rough area before your property value plummets, though you better know what you're doing.Disagree with a Marxist and you will be targeted as part of the problem.
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01-24-2021, 11:25 AM #19
This was recommended by the Rich Dad Poor Dad guy:
Stack cash? Seems like it could go either way. If you catch assets at a low = good. If everything costs more than before = bad. Or maybe not?
Asset tax seems the least insane, but still crappy. The other two make no sense.
Yeesh.
I don't really know. Was kind of hoping someone here had built a solid case for a course of action.INTP Crew
Inattentive ADD Crew
Mom That Miscs Crew
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01-24-2021, 12:34 PM #20
There is a surefire way to avoid what's coming, but you're not going to like it.
Your cash isn't safe from inflation. Your private property isn't safe from confiscation. Your investments (market, real estate, etc.) aren't safe from taxation. Your person and family are not safe from rioters if you live anywhere near a large urban population.
The only way "out" is to turn all of your wealth into a tangible asset, buy an RV, and go live 100% off the grid in the middle of nowhere growing your own food. Then you pray that you don't get sick and die. That's the only way to avoid what's coming.This account was created for the purpose of roleplaying and satire. All posts, messages, images, or other media produced by this Bodybuilding.com profile, including stories, names, references to characters and incidents, and views expressed, are fictitious and intended as parody. No identification or association with actual persons (living or deceased), places, buildings, or products is intended or should be inferred.
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01-24-2021, 12:59 PM #21
- Join Date: Dec 2010
- Location: Georgia, United States
- Posts: 26,181
- Rep Power: 346947
Gachase prepare for inflation plan:
https://forum.bodybuilding.com/showt...post1628839693
Also, don’t get too caught up in that massive creation of new currency automatically equating to inflation.
It can be the case absolutely.
However, if measurable valuation and wealth increase and the need for wealth transactions of this nation continually outgrow our currency amounts, it won’t- look at how much massive QE we’ve done in the last nine years and how inflation hasn’t even been high enough to hit its target.-in fact, even with QE recently, we were in a slight danger for deflation.
Side note- QE as a mechanism doesn’t exactly work like printing money.
As well, the treasury is receiving remittance, from this QE notes temporarily created and purchase by the Fed, and payments on the pad back to the treasury for the interest.
That, and other intergovernmental debt -that seems as currency creation from the apparatus in which it is created-, it’s actually just a big cycle and not touching inflation.
Regardless our currency size needs to match the valuation on transaction necessities of this nation, as well as the world supply using it to continue maintaining world currency reserves dominance.
Heck, China has of my debt from us in order to participate in the exchange of goods and services, or they are completely screwed- it’s not exactly the same as that if it’s an exchange of currency for treasury notes to keep the economic system propped.Intelligent individuals learn from every thing and every one; average people, from their experiences. The stupid already have all the answers.
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01-24-2021, 01:51 PM #22
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01-24-2021, 02:33 PM #23
Historically yes but...
https://www.cnbc.com/2021/01/20/oakt...et-yellen.html
These people want to tax unrealized capital gains. Value goes up? You pay. Value goes down? You're stuck holding the bag. They aren't going to stop at stocks either if they're allowed to get away with it. The only thing that keeps these people up at night is coming up with new and exciting ways to rob you.This account was created for the purpose of roleplaying and satire. All posts, messages, images, or other media produced by this Bodybuilding.com profile, including stories, names, references to characters and incidents, and views expressed, are fictitious and intended as parody. No identification or association with actual persons (living or deceased), places, buildings, or products is intended or should be inferred.
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01-26-2021, 05:16 AM #24
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01-26-2021, 05:20 AM #25
lol, what's actually going to happen is both.
Those taxes are just going to make the inflation worse...
Probably time for another tax revolt.
https://www.cato.org/blog/know-liber...x-revolt-1970sLast edited by chaunce54; 01-26-2021 at 05:34 AM.
^^Former 300+lb Crew^^
WWPB2D
Nothing worthwile is ever easy.
The beatings will continue until morale improves.
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