Investing Thread (Stocks, Crypto, Real Estate, Whatever)

User avatar
DBTrek
Haumana
Posts: 12241
Joined: Wed Jan 25, 2017 7:04 pm

Re: Investing Thread (Stocks, Crypto, Real Estate, Whatever)

Post by DBTrek » Tue Jun 15, 2021 11:18 am

I don't think we'll ever see Weimar Republic levels of hyperinflation in the US.
For the very simple reason - as other's have pointed out - that your mortgage will be less than bread.

Who holds more sway in our system:
1. Bankers, who are holding the mortgage loans.
2. Bakers, who are holding bread.

The US will jack treasury rates so high to save bankers from inflation that you'll wonder how your dollar became so strong while also trying to figure out how to pay off the new 728% interest rate on your credit card.
"Hey varmints, don't mess with a guy that's riding a buffalo"

User avatar
C-Mag
Haumana
Posts: 24698
Joined: Tue Nov 29, 2016 10:48 pm

Re: Investing Thread (Stocks, Crypto, Real Estate, Whatever)

Post by C-Mag » Tue Jun 15, 2021 11:31 am

DBTrek wrote:
Tue Jun 15, 2021 11:18 am
I don't think we'll ever see Weimar Republic levels of hyperinflation in the US.
:(
Why you always ruining my fantasies ?

DBTrek wrote:
Tue Jun 15, 2021 11:18 am
For the very simple reason - as other's have pointed out - that your mortgage will be less than bread.

Who holds more sway in our system:
1. Bankers, who are holding the mortgage loans.
2. Bakers, who are holding bread.

The US will jack treasury rates so high to save bankers from inflation that you'll wonder how your dollar became so strong while also trying to figure out how to pay off the new 728% interest rate on your credit card.
The Elites will definitely be taken care of.

Credit Cards, who uses credit cards ?
PLATA O PLOMO


Image


Don't fear authority, Fear Obedience

User avatar
DBTrek
Haumana
Posts: 12241
Joined: Wed Jan 25, 2017 7:04 pm

Re: Investing Thread (Stocks, Crypto, Real Estate, Whatever)

Post by DBTrek » Tue Jun 15, 2021 11:34 am

C-Mag wrote:
Tue Jun 15, 2021 11:31 am
Credit Cards, who uses credit cards ?
Credit card ownership and debt statistics
A survey conducted by the Federal Reserve in 2019 revealed that 86% of respondents owned at least one credit card.

https://www.valuepenguin.com/credit-car ... -ownership
.. a few people.
"Hey varmints, don't mess with a guy that's riding a buffalo"

User avatar
C-Mag
Haumana
Posts: 24698
Joined: Tue Nov 29, 2016 10:48 pm

Re: Investing Thread (Stocks, Crypto, Real Estate, Whatever)

Post by C-Mag » Tue Jun 15, 2021 11:37 am

DBTrek wrote:
Tue Jun 15, 2021 11:34 am
C-Mag wrote:
Tue Jun 15, 2021 11:31 am
Credit Cards, who uses credit cards ?
Credit card ownership and debt statistics
A survey conducted by the Federal Reserve in 2019 revealed that 86% of respondents owned at least one credit card.

https://www.valuepenguin.com/credit-car ... -ownership
.. a few people.
:lol:

Pretty hard to operate without credit cards today. We use them for monthly bills, travel and the occasional whatever. When you start buying gas and food with CC's, your fucked.
PLATA O PLOMO


Image


Don't fear authority, Fear Obedience

User avatar
SuburbanFarmer
Haumana
Posts: 23211
Joined: Wed Nov 30, 2016 6:50 am
Location: Ohio

Re: Investing Thread (Stocks, Crypto, Real Estate, Whatever)

Post by SuburbanFarmer » Tue Jun 15, 2021 11:59 am

I just got my first one, because it ‘builds credit’.
SJWs are a natural consequence of corporatism.

Formerly GrumpyCatFace

https://youtu.be/CYbT8-rSqo0

User avatar
DBTrek
Haumana
Posts: 12241
Joined: Wed Jan 25, 2017 7:04 pm

Re: Investing Thread (Stocks, Crypto, Real Estate, Whatever)

Post by DBTrek » Tue Jun 15, 2021 12:15 pm

SuburbanFarmer wrote:
Tue Jun 15, 2021 11:59 am
I just got my first one, because it ‘builds credit’.
Get one that pays cash back, and always pay off the balance.
Save 1-3% on your purchases.
Make them work for you.
:dance:
"Hey varmints, don't mess with a guy that's riding a buffalo"

User avatar
C-Mag
Haumana
Posts: 24698
Joined: Tue Nov 29, 2016 10:48 pm

Re: Investing Thread (Stocks, Crypto, Real Estate, Whatever)

Post by C-Mag » Tue Jun 15, 2021 12:23 pm

Yeah, stick it to the man like the boomers, you're time is now
PLATA O PLOMO


Image


Don't fear authority, Fear Obedience

User avatar
C-Mag
Haumana
Posts: 24698
Joined: Tue Nov 29, 2016 10:48 pm

Re: Investing Thread (Stocks, Crypto, Real Estate, Whatever)

Post by C-Mag » Tue Jun 15, 2021 12:45 pm

You guys hearing about the Ape Army ?

The Ape Army vs corruption and big money is making World News and exposing the criminals for sure! I’m reading and hearing it everywhere! Stay strong Ape Army! They are throwing out lots of fake news to derail out cause because they are scared, very scared! I read an article today calling us bad money, dumb money and all I’m asking her is.....:::did you make $40k in the last week? I did lol!!!!! They wear their $2000 suits, and I made my money in jean shorts and flip flops!!!!! Ape Army is winning brothers and sisters, make no mistake!!!

from Reddit
PLATA O PLOMO


Image


Don't fear authority, Fear Obedience

Zlaxer
The Conservative
Posts: 5217
Joined: Fri Dec 02, 2016 5:04 am

Re: Investing Thread (Stocks, Crypto, Real Estate, Whatever)

Post by Zlaxer » Tue Jun 15, 2021 6:30 pm

C-Mag wrote:
Tue Jun 15, 2021 12:45 pm
You guys hearing about the Ape Army ?
I am not an Ape, but I walk among them (small position in AMC). The Ape leaders are leading the proles off a cliff - but everyone knows it's a cliff - we're all just hoping we can pull the trigger before the guy next to you does.

User avatar
SuburbanFarmer
Haumana
Posts: 23211
Joined: Wed Nov 30, 2016 6:50 am
Location: Ohio

Re: Investing Thread (Stocks, Crypto, Real Estate, Whatever)

Post by SuburbanFarmer » Tue Jun 15, 2021 6:34 pm

Zlaxer wrote:
Tue Jun 15, 2021 6:30 pm
C-Mag wrote:
Tue Jun 15, 2021 12:45 pm
You guys hearing about the Ape Army ?
I am not an Ape, but I walk among them (small position in AMC). The Ape leaders are leading the proles off a cliff - but everyone knows it's a cliff - we're all just hoping we can pull the trigger before the guy next to you does.
Similar to the rest of the stock market, really.
SJWs are a natural consequence of corporatism.

Formerly GrumpyCatFace

https://youtu.be/CYbT8-rSqo0