Stocks, investments, fallbacks, and people's worries these days ...so what then... (Page 1/3)
2.5 DEC 31, 04:32 PM
Asking questions for the worried folks.
What should be done? Did you make changes? Have advice for the laypeople?

Hyper inflation...crazytalk?

A conversation.
Too long? Start from 10:40

https://www.youtube.com/watch?v=MQ304F2aBLg

Thoughts? Ideas? Stupid questions? Stupid answers?
Seems the answer is always simply, "diversify"..but in which way?
maryjane DEC 31, 08:19 PM
Didn't make changes.
Made money.
Only change I may make is spending some of it.
MidEngineManiac DEC 31, 09:53 PM
Diversify, yes...BUT. I've learned this mentality of chasing the almighty dollar as the #1 priority in life is BS. 10 years ago I lived on a huge gated property, drove a new Mini, ate out 5 times a week, ran the tech department for the biggest concession food company in eastern Canada. Company car (a Matrix) and all the perks. I rolled out of bed and made decisions on multi-million dollar accounts,

NONE of that bought happiness or peace. The opposite. It was a life of 24-7-365 warfare with the board, sales department and customers. I make 1/3d of that now but have 10-times the peace I did then. If you loose everything (I did twice, 09 and 15) you can just make it back again. No biggie. If you fall down most people are good (at least in small towns) and will help you get back up again. Once you are, take your turn to help the next guy.

Life's not easy but so long as you are breathing you can make something of it. Those chasing power and security in owning things and piles of cash are fooling themselves. Life can kick it out from under you in a second. There is no security.
williegoat DEC 31, 11:08 PM

quote
Originally posted by MidEngineManiac:

10 years ago I lived on a huge gated property


Like this one?
MidEngineManiac DEC 31, 11:09 PM
LOL, Look up Castlederg Rd and Mt. Pleasant, bolton (caledon), ON.. 2nd on the right. on Castlederg.

DONT miss it in the slightest.

<edit>

Dont really miss Sue either.

[This message has been edited by MidEngineManiac (edited 12-31-2020).]

MidEngineManiac JAN 01, 12:23 AM

quote
Originally posted by williegoat:

Like this one?



Honestly, Willie...I've only been in jail once in life. 30 days.....apparently telling a judge I will not pay a fine and your mother gives good blow-jobs isnt proper. Spitting on a court officer and giving the finger doesnt work out so well either.

I will still say and think whatever the fruck I want....the whole thing back then was a political correctness issue. 1993.

I still have no intention of obeying speech or thought laws, and if anybody thinks they are getting a dollar in the swear jar..........

Just try and take it. I may have done my 30 days, but the goddamn scum never did get one single penny out of me.

**** 'em.

[This message has been edited by MidEngineManiac (edited 01-01-2021).]

sourmash JAN 01, 10:30 PM
I heard a report that Iran is now using bit coin officially, as a means to end run around sanctions I assume. It's just one small economy, but people would like to have Iran's oil. Iran has oil, but not refineries. Nations like Venezuela have refineries.

Will nations like Iran lead another larger nation to those currencies? The BRICS nations have been a concern for 10 years for further dealing outside of the USD.

"Decoupling" is a term we should be aware of. It happens when other nations move off of the USD.
If you listen to Alex Jones he'll use the term, "super-mega-bad-hyper-stagflation." It sounds devastating. Oh, my.
2.5 JAN 05, 05:27 PM

quote
Originally posted by maryjane:

Didn't make changes.
Made money.
Only change I may make is spending some of it.



You mean as in over your whole life, didnt make any changes, or what specifically?
How about going forward?
2.5 JAN 05, 05:28 PM

quote
Originally posted by MidEngineManiac:

Life's not easy but so long as you are breathing you can make something of it. Those chasing power and security in owning things and piles of cash are fooling themselves. Life can kick it out from under you in a second. There is no security.



Agreed, though what I'm getting at is I do prefer some planning to no planning.
sourmash JAN 05, 08:23 PM
What ever you do, ignore Dave Ramsey. He's a pay-off-your-debt guy, but an idiot about investing and wealth storage. Similar opinion about him on mortgage rates.

Here's a chart of gold pricing. We know gold doesn't change in actual value. You know what it says about your USD value.
2000 is about when Bush opened the Southern border. Soon after, it was the attacks which exposed all the bubbles in housing, hedge funds and thus, municipality investments.