Phony? no its real $ but I get it
So Take it all out and buy Bitcoin? Real Estate? Gold?, Oil?
So Take it all out and buy Bitcoin? Real Estate? Gold?, Oil?
Last edited:
Money & Economics
- Thread starter bigredfish
- Start date
Sybertiger
Known around here
No silly, guns, ammo and bourbon....although I see the price of bourbon is dropping. Maybe skip the bourbon. <gasp><shriek>
Kentucky’s $9B whiskey industry in crisis as Gen Z drinkers shun bourbon, tariffs take toll
Three prominent Kentucky distilleries have collapsed into bankruptcy over the past eight months, marking a dramatic fall for a $9 billion industry.
nypost.com
Good on all of those.
Glad to see bourbon coming down, Its been CRAZY since Covid. Fortunately I stocked up!
Glad to see bourbon coming down, Its been CRAZY since Covid. Fortunately I stocked up!
While inflation and printing certainly hurts everyone, it hurts some more than others.
It ultimately effects all of those other stores of value too.
We're fortunate and of an age where we aren't buying as much "stuff" as we used to.
No mortgage, no car payments, no debt, low utilities, dont travel a bunch and cars sit a lot so gas isnt an issue.
Food is the only thing we really see inflation on.
It ultimately effects all of those other stores of value too.
We're fortunate and of an age where we aren't buying as much "stuff" as we used to.
No mortgage, no car payments, no debt, low utilities, dont travel a bunch and cars sit a lot so gas isnt an issue.
Food is the only thing we really see inflation on.
Sybertiger
Known around here
It hurts those who have saved money the most. Printing money and taxes is a massive redistribution of wealth from those who have to those who don't.
My water/electric is higher than I like but what can you do? It helps with no mortgage/rent or payments on cars. Like you I don't drive much and I don't go out to eat much anymore so food is a relatively low expense. I feel blessed but at the same time cursed by the gubermint.
It's no different than them stealing the time and energy you've invested.
So taxes and inflation are facts of life pretty much wherever you live. Have been for thousands of years.
Someone has to pay for roads, services, government, (yes we need one) Defense, etc
Not sure there is any real solution. ? Open to suggestion
The idea is to minimize the effect, and if you can, make the same or more on investments than inflation and tax take away.
I'm relatively close to breakeven and I'm fine with that. I dont do anything for my investment payout it just generates money sitting in various very safe conservative accounts.
If I was 30 I'd be investing in thecasino market and trying harder to stay ahead of inflation/tax with the associated risk in order to build a bigger pile
Someone has to pay for roads, services, government, (yes we need one) Defense, etc
Not sure there is any real solution. ? Open to suggestion
The idea is to minimize the effect, and if you can, make the same or more on investments than inflation and tax take away.
I'm relatively close to breakeven and I'm fine with that. I dont do anything for my investment payout it just generates money sitting in various very safe conservative accounts.
If I was 30 I'd be investing in the
Balanced budget and no inflationary increase in the money supply. Let the people see how much they're really paying in, instead of stealing behind their back. Not a realistic solution, however, because it's the thieves, liars, and power hungry who migrate to government, while most honest people won't stoop to the lies and deception it takes to be successful in government.
Another one of their deceptions is all of the non-indexed tax thresholds that seem perfectly reasonable when they're enacted, then wait 20 years, and it's thievery. More and more social security recipients get pushed into the higher tax levels because of the benefit increases that are less than the real rate of inflation, so they get less spending power and taxed on it more. A single person who sells their home with more than a $250k gain gets taxed on that gain that really isn't a gain. Oregon state income tax has about a half-dozen non-indexed thresholds that originally hit only the very wealthy, and now hit middle class.
Granted and agree there are a number of problems with current tax law. Room for improvement for sure.
I’m just saying that even if designed to perfection (whatever that is) the concept of paying taxes and the concept of inflation aren’t going away and frankly shouldn’t.
Managing both to be as fair as possible is a noble goal, but there will always be a segment of any population that feels their part of the burden is excessive.
Many youngsters don’t realize this
I’m just saying that even if designed to perfection (whatever that is) the concept of paying taxes and the concept of inflation aren’t going away and frankly shouldn’t.
Managing both to be as fair as possible is a noble goal, but there will always be a segment of any population that feels their part of the burden is excessive.
Many youngsters don’t realize this
…but at least my money is “safe” in the bank! LOL
What would happen if America started faking its economic data?
As if it hasn't already been faked for a long time? Only need to look at the phony inflation numbers and deficit forecasts.
"While there’s no indication the data has been rigged (assertions from the White House aside) – or will be rigged in the future "
Joke of the day???
As if it hasn't already been faked for a long time? Only need to look at the phony inflation numbers and deficit forecasts.
"While there’s no indication the data has been rigged (assertions from the White House aside) – or will be rigged in the future "
Joke of the day???
First get the permission to use it, then permission to withdraw it, and then the permission to pay the vendor
The Fed’s Refusal To Cut Interest Rates Is Costing Americans
"Trump claims that by keeping interest rates high, the Fed is “hurting people” and preventing Americans “from buying houses”"
"By maintaining the current federal funds rate, the Federal Open Market Committee perpetuates its current policy of passing the costs of the federal deficit on to the American public through higher borrowing costs for mortgages, credit cards, and small business and other loans."
"For prospective homebuyers, this can prevent them from achieving the American dream. For businesses, this can limit expansion and hiring—thus leading to slowed innovation and job creation."
What the article doesn't say is that cutting the rates causes money to be confiscated from those who have saved, to those who borrow, by driving the interest paid on savings below the real world rate of inflation. THE MONEY HAS TO COME FROM SOMEWHERE! The two political easiest places are the printing press and the invisible inflation tax.
"The housing market is currently characterized by high costs and high mortgage interest rates."
Yet it doesn't mention doing something about "high costs" as a solution.
"Trump claims that by keeping interest rates high, the Fed is “hurting people” and preventing Americans “from buying houses”"
"By maintaining the current federal funds rate, the Federal Open Market Committee perpetuates its current policy of passing the costs of the federal deficit on to the American public through higher borrowing costs for mortgages, credit cards, and small business and other loans."
"For prospective homebuyers, this can prevent them from achieving the American dream. For businesses, this can limit expansion and hiring—thus leading to slowed innovation and job creation."
What the article doesn't say is that cutting the rates causes money to be confiscated from those who have saved, to those who borrow, by driving the interest paid on savings below the real world rate of inflation. THE MONEY HAS TO COME FROM SOMEWHERE! The two political easiest places are the printing press and the invisible inflation tax.
"The housing market is currently characterized by high costs and high mortgage interest rates."
Yet it doesn't mention doing something about "high costs" as a solution.
^^^^
Exactly
www.zerohedge.com
Again, this leaves the US with only bad options to address unsustainable debt. It can either default or inflate away its debt.
Guess which option DC will (and has) take(n)?
But here’s the rub.
By inflating away its debt via currency debasement, inflation levels are soaring past UST yields, resulting in negative real rates – i.e. a NEGATIVE returning UST, which by definition, IS a defaulting bond.
The ironies abound…
But the US avoids publicly displaying this irony and default by simply lying about (i.e., misreporting) the US inflation rate, measured by a CPI scale that has been “modified” over 20 times since the Volcker era to mask actual inflation data.
Exactly
August 15, 1971 – The Beginning Of The End For US Hegemony
August 15, 1971 – The Beginning Of The End For US Hegemony | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Again, this leaves the US with only bad options to address unsustainable debt. It can either default or inflate away its debt.
Guess which option DC will (and has) take(n)?
But here’s the rub.
By inflating away its debt via currency debasement, inflation levels are soaring past UST yields, resulting in negative real rates – i.e. a NEGATIVE returning UST, which by definition, IS a defaulting bond.
The ironies abound…
But the US avoids publicly displaying this irony and default by simply lying about (i.e., misreporting) the US inflation rate, measured by a CPI scale that has been “modified” over 20 times since the Volcker era to mask actual inflation data.
Sybertiger
Known around here
When are people going to understand we have to pay the piper. You are seeing the gubermint, as usual, picking winners and losers. Someone has to pay for our mismanagement. Who do you want it to be? 
Everyone: "not me!"
Everyone: "not me!"
When are people going to understand we have to pay the piper. You are seeing the gubermint, as usual, picking winners and losers. Someone has to pay for our mismanagement. Who do you want it to be?
Everyone: "not me!"
And Trump and the Republican controlled Congress just added $4Trillion more spending to the total.
