Madison320
Member

Are they hot?

Indiana is one of dem KKK states. I'm sure there's a connection.

Total debt went up from about 23T to 28T in CY 2020. I'm guessing it'll do the same in 2021 which means we'll be at around 33 trillion by december. I invest for inflation so bring on the spending! The dumber the government gets the more I make.

I read in several places that Yellen was reducing some cash fund from 1.6 trillion down to .5 trillion a few months ago. The article said the .5 trillion is actually the norm so it's not a like it's a big deal. So I'm guessing that 1 trillion is the reason we're not seeing the debt going up, yet.

So does some fat slob at Sports Illustrated.

Sometimes the best career move is getting fired.

I choose rural over urban. Tod, your post a few months ago bears repeating. You can't have a whole bunch of diverse people cramped into a small living area. The cultural, religious, ethnic, national, etc. differences don't hold. Well, that wasn't your post verbatim, but I repeat the idea to as many people as possible.

Yup. And I'm sure that minimum tax will be "voluntary". That's the problem with socialism, everything has to be done by brute force. Meanwhile the socialists think they're kind and gentle.

Rodney King riots. Koreans show Americans how it's done. The music is a laugh riot. I thought I was watching Van Damme! :radioactive::happy:

Assuming the Netherlands allows everyone to vote, even those on welfare, it's almost a certainty that the rich are paying most of the taxes. It's basic math. Politicians want to get re-elected so they pander to the majority. If you take a million dollars from one voter and give that million to a thousand voters you lose one vote but gain 1000.

Not many singers can pull this off.

Commies are tools, so are they banning themselves? :confused:

It depends on how people get rich. If they get rich from government favors then the cure is to stop granting favors. If they get rich in the free market then good for them. As long as you're against stealing from the rich to "get even" then we may actually be in agreement. Stealing from the rich would include things like progressive taxation, antitrust laws, discrimination laws, wrongful termination laws, etc.

I remember a few years ago when some state added passports to the list of acceptable IDs. They claimed that was going to restrict voting rights because only wealthy white people have passports. Of course the problem with that "logic" was the passport was being ADDED to the list of acceptable IDs, not REPLACING the existing acceptable IDs. Duh.

I agree. The funny thing is that the Fed lowers rates by printing money, which in the long run makes rates higher since it devalues the dollar. It's like dumping gas on a fire, at first the gas smothers the fire a little then it rages out of control.

Stable Coin Taking Off sounds to me like Jumbo Shrimp.

LOL! The trick is to invest in stuff that goes up when the government does the wrong thing. That way you get happy instead of mad. I'm rooting for as much govt spending as possible.

The funny thing is that 120 billion a month is more than they were printing during QE1,2,3 and it's now considered to be in "pause" mode. We're still stuck at 28 trillion in debt. It hasn't gone up in about 3 months despite the huge deficits. As I said before, I think it's because the treasury is using up it's cash reserves. When that runs out I think we might get bigger moves in the long term treasury rates because the borrowing will go way up.

I know. Didn't it sound funny, hearing a politician, especially a democrat, saying all that stuff? Austerity!!! Spending Cuts!!! Wait what??? I thought he was going to blame it on "Greedy Big Business", that really threw me off watching that.

You think the Fed is going to reduce it's balance sheet?

Hey, the trial is just in time for riot season!

Yes, they do want nihilism. Some people are just losers.

They're so dumb. Giving UBI to 600 people is just a tiny welfare program, not a test in any way of UBI. The problem is as soon as you scale it up and make it "Universal" it becomes impossible. If you gave everyone in the US a measly 10K a year, that would be over 3 trillion! We'd pretty much have to eliminate everything else in the budget, military, social security, medicare.

I'm not worried unless the US govt suddenly decides to dramatically cut spending (ha! ha!). I tend to look more at commodity prices in general. To me that's the most accurate indicator of price inflation. We've been kinda stuck the last month at the same price, I think when we start to hit new highs in commodities, like copper, wheat, corn, etc, that's when it'll get interesting. I think gold will go up when price inflation starts to become obvious. As I said before it seems like the amount we've been borrowing is lower than the deficits and I think it's because Yellen is drawing down cash reserves. If that's true treasury rates should start to skyrocket when that cash runs out.

I haven't changed my strategy much since 2008. I've got a little gold and silver, some mining stocks, some oil stocks, manufacturing, anything that pays a high dividend and actually makes a real product. Mostly foreign companies. I feel like I'm doing pretty well considering the inflation play hasn't materialized much yet. I could've made more if I invested in Tesla, Amazon and Bitcoin but those bubble stocks scare me too much. The way I look at it if I'm wrong and we can print our way to prosperity, I'll still have made some money and I'll get a nice social security check and other benefits like medicare. In other words I think US citizens should factor in US retirement benefits into their investment strategy, if that makes any sense. It's like by default, before you've even invested anything, you own a big chunk of the US in your portfolio. If you want to hedge your risk it doesn't make sense to go all in on the US when you've already got those benefits as a US citizen.

Give it some time! You seem to be a very short term in your investment strategy. In my opinion short term trading only works for top end professionals. Like trying to make money gambling in vegas.

Yeah, I agree. They'll eventually try to fix it when it becomes a crisis. There's a saying that is really accurate in this case. "Change happens when the pain of staying the same is greater than the pain of change." My guess is the pain of high inflation will be BY FAR the number one problem in the near future. At that point the Fed will finally do the right thing and seriously tighten monetary policy, even if it sends us into a depression. We may already be in a depression from the high inflation so it won't matter much.

The only person who never apologized to the mob was Trump. It's why he became president.