Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
You write like you can see the future. No one can, but what we can do is diversify our investments to mitigate the risk of the unknown. You can interpret diversify however you want
You write like you can see the future. No one can, but what we can do is diversify our investments to mitigate the risk of the unknown. You can interpret diversify however you want
wait , are you saying our resident know all soothsayers lack the ability to know the future and when ? i am shocked , just shocked i tell ya .
If we do have hyperinflation all those with cash on the sidelines will be wiped out. Those with asset debt will be rewarded with rising asset values. And then to top it off make ownership of precious metals illegal. Complete control.
The central government in a hyperinflationary crisis will become far less powerful, not more- and eventually collapse completely. From here on out, the central government will only become more impotent, incompetent, and ineffective.
Over time, hoarding is punished. God has told us not to hoard. Capital must be deployed skillfully and ethically. That is the burden of the rich. You must find ways to use your wealth for the betterment of something, in a not risk free world, and still come out ahead. It is why most of the richest in the world are not the offspring of the rich, but those that rose anew. It is why the Vanderbilt fortune has been watered down to not enough to retire on. Idle riches breed indolence and are a font of attraction for the 7 deadly sins. Our offerings of betterment to one another are the test of how rich one can handle being.
I feel no pity for the one whose CDs grind against the tides of time and lose their purchasing power...not when the economy has grown more than it ever has in modern history. How much more could that capital have done in the hands of the right people.
America grew powerful because even in colonial times, the citizenry here could expect a better living than most in England. The majority of the people valued the possibilities of their God Given talents. Certainly there was no certainty in the early days of the nation. The indolent and the stupid would soon be parted from their money. The industrious would have a place to see through their vision.
Debt is practically free at the moment. That's the value of your capital if you do nothing but provide the debt. Add value.
All the debt is going to be wiped out by hyperinflation anyway- might as well take advantage of the endless tap of cheap credit while we can.
Quote:
Originally Posted by Taggerung
I have negligible to no debt.
If you're making the first statement as fact (as you have been on here for quite some time), why aren't you actually following through? it almost seems like you don't even believe in your own crusade.
The primary dealers expect the tapering to start in the second half of 2021 and complete in 2023 when the Federal Reserve prepares to lift interest rates as previously announced.
The focus will shift to the European Central Bank and the national central banks on the continent, some of whom have already announced increases in the purchases.
If you're making the first statement as fact (as you have been on here for quite some time), why aren't you actually following through? it almost seems like you don't even believe in your own crusade.
You know how it typically goes ...the doomers and predictors are usually not doing well financially either because they believe their own malarkey and don’t act or they don’t believe their own bull enough to act on it.
They choose to constantly complain about the dealer rather than play the cards they are dealt so they can benefit
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
