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| Stocks, investments, fallbacks, and people's worries these days ...so what then... (Page 3/3) |
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maryjane
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JAN 09, 08:44 PM
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| quote | Originally posted by sourmash:
I thought Valero was an alternate name for Citgo. Didn't CITGO start using a different name? |
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The only name change they ever had was from Cities Service to CITGO in the early or mid 60s.
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sourmash
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JAN 09, 09:05 PM
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I heard it on some talk radio show about 2004-2005. Probably misinformed locals, but may have been Neil Boortz too. He was full of crap.
Gold is at 1860 and silver at 25.60. How high will they go?
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82-T/A [At Work]
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JAN 10, 04:57 PM
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Not being political here... meaning I'm not saying what I'm saying to try to scare anyone or convince anyone that they should vote Republican. My belief is that we are at the point where it no longer matters.
I believe that likely Biden will go easy on China and in 5-6 years (maybe less?), the USD will no longer be the world currency. With China exacting it's influence all over the world, and the United States spending trillions into national debt that it cannot pay back, there's no logical reason why it would be. We will become similar to Russia. Our country will bounce back, we may lose some territories, but our economic dominance will be no more. I'm not saying that this will happen in 6 years, but I am saying that the USD will no longer become the dominant currency in 6 years, and that perhaps over the next 30, we'll see an economic collapse of the United States.
There isn't much you can do other than invest in assets. I expect inflation to occur and in doing so the only thing that will have value is tangible assets. Gold is stupid. You can't do anything with it, you won't be trading it for cans of beans, and historically with the exception of some highs and lows... gold generally is not going to be entirely worthwhile.
Real estate in select areas will be valuable, but they have to be in areas where people want to live. Beach communities, or trendy areas that have a lot of culture.
In the time being though, I'm focusing on saving all my money in the stock market. I don't have any debt except my mortgage, but I'm no longer paying any extra towards my mortgage debt because the inflation will take care of that for me. I am, however, investing all my spare cash into the stock market because the stock market generally gains with inflation. That is... the stock market still goes up when inflation goes up. Let inflation devalue your debt... that's what the US government is doing, might as well do that too. Use the stock market as an inflationary hedging tool.
Beyond that, I have a 5% trailing stop-loss on all my stocks and ETFs.
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sourmash
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JAN 10, 05:21 PM
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| quote | | Not being political here... meaning I'm not saying what I'm saying to try to scare anyone or convince anyone that they should vote Republican. My belief is that we are at the point where it no longer matters. |
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That's the big take-away; the federation no longer has to worry about retribution at the polls from voters. They already have it in the bag so the voter doesn't matter anymore.
It's time we consider that McConnell and Graham have possibly been on the inside of faked elections for a couple of cycles now.
| quote | | There isn't much you can do other than invest in assets. I expect inflation to occur and in doing so the only thing that will have value is tangible assets. Gold is stupid. You can't do anything with it, you won't be trading it for cans of beans, and historically with the exception of some highs and lows... gold generally is not going to be entirely worthwhile. |
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You mean hyper-inflation. Inflation is already happened. Price inflation is happening.
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82-T/A [At Work]
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JAN 10, 06:22 PM
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| quote | Originally posted by sourmash:
You mean hyper-inflation. Inflation is already happened. Price inflation is happening. |
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Inflation happens every year. What I'm saying is that I expect it to become a real problem in the future... the 4-8% inflation we see every year is peanuts compared to what I think we'll see in the future.
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sourmash
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JAN 10, 06:48 PM
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A couple of plastic bag sof groceries is 40-50 bucks. Wages are not inflating. We're probably going to see hyper-inflation in your timeline.
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olejoedad
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JAN 10, 07:27 PM
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| quote | Originally posted by 82-T/A [At Work]:
Not being political here... meaning I'm not saying what I'm saying to try to scare anyone or convince anyone that they should vote Republican. My belief is that we are at the point where it no longer matters.
I believe that likely Biden will go easy on China and in 5-6 years (maybe less?), the USD will no longer be the world currency. With China exacting it's influence all over the world, and the United States spending trillions into national debt that it cannot pay back, there's no logical reason why it would be. We will become similar to Russia. Our country will bounce back, we may lose some territories, but our economic dominance will be no more. I'm not saying that this will happen in 6 years, but I am saying that the USD will no longer become the dominant currency in 6 years, and that perhaps over the next 30, we'll see an economic collapse of the United States.
There isn't much you can do other than invest in assets. I expect inflation to occur and in doing so the only thing that will have value is tangible assets. Gold is stupid. You can't do anything with it, you won't be trading it for cans of beans, and historically with the exception of some highs and lows... gold generally is not going to be entirely worthwhile.
Real estate in select areas will be valuable, but they have to be in areas where people want to live. Beach communities, or trendy areas that have a lot of culture.
In the time being though, I'm focusing on saving all my money in the stock market. I don't have any debt except my mortgage, but I'm no longer paying any extra towards my mortgage debt because the inflation will take care of that for me. I am, however, investing all my spare cash into the stock market because the stock market generally gains with inflation. That is... the stock market still goes up when inflation goes up. Let inflation devalue your debt... that's what the US government is doing, might as well do that too. Use the stock market as an inflationary hedging tool.
Beyond that, I have a 5% trailing stop-loss on all my stocks and ETFs. |
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I suspect it will happen sooner than the timeline you stated.
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Jake_Dragon
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JAN 12, 05:14 PM
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Its all just a game
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