Investing Thread (Stocks, Crypto, Real Estate, Whatever)
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Re: Investing Thread (Stocks, Crypto, Real Estate, Whatever)
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.
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"
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Re: Investing Thread (Stocks, Crypto, Real Estate, Whatever)
Why you always ruining my fantasies ?
The Elites will definitely be taken care of.DBTrek wrote: ↑Tue Jun 15, 2021 11:18 amFor 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.
Credit Cards, who uses credit cards ?
PLATA O PLOMO
Don't fear authority, Fear Obedience
Don't fear authority, Fear Obedience
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Re: Investing Thread (Stocks, Crypto, Real Estate, Whatever)
.. a few people.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
"Hey varmints, don't mess with a guy that's riding a buffalo"
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Re: Investing Thread (Stocks, Crypto, Real Estate, Whatever)
DBTrek wrote: ↑Tue Jun 15, 2021 11:34 am.. a few people.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
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
Don't fear authority, Fear Obedience
Don't fear authority, Fear Obedience
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Re: Investing Thread (Stocks, Crypto, Real Estate, Whatever)
I just got my first one, because it ‘builds credit’.
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Re: Investing Thread (Stocks, Crypto, Real Estate, Whatever)
Get one that pays cash back, and always pay off the balance.SuburbanFarmer wrote: ↑Tue Jun 15, 2021 11:59 amI just got my first one, because it ‘builds credit’.
Save 1-3% on your purchases.
Make them work for you.
"Hey varmints, don't mess with a guy that's riding a buffalo"
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Re: Investing Thread (Stocks, Crypto, Real Estate, Whatever)
Yeah, stick it to the man like the boomers, you're time is now
PLATA O PLOMO
Don't fear authority, Fear Obedience
Don't fear authority, Fear Obedience
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Re: Investing Thread (Stocks, Crypto, Real Estate, Whatever)
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
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
Don't fear authority, Fear Obedience
Don't fear authority, Fear Obedience
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Re: Investing Thread (Stocks, Crypto, Real Estate, Whatever)
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.
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Re: Investing Thread (Stocks, Crypto, Real Estate, Whatever)
Similar to the rest of the stock market, really.