Anonymous wrote:Fannie and Freddie IPO will save the day!

Anonymous wrote:Futures down today due to Trump's threat to use tariffs to extort Apple. Finally reached the point where market falls whenever he runs his mouth

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Bitcoin is up big!

This is mainly because the dollar has dropped in value.

I hope Bitcoin has “decoupled” and is now a stand alone asset that might weather shtty a big economic downturn. Frankly, because I move a big chunk of money into it. However, my guess is it’s still seen as a speculative asset and will prob crash as well. I mean “cyclically” it’s supposed to crash in like 8 months from now, but who knows.

Bitcoin is based on a man-made math problem, where the solutions are deemed to have economic value by some unknown/mythical person. So, I would agree it’s definitely decoupled from the real world. But, better hope people don’t wake up, and ask what am I really holding here.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Bitcoin is up big!

This is mainly because the dollar has dropped in value.

I hope Bitcoin has “decoupled” and is now a stand alone asset that might weather shtty a big economic downturn. Frankly, because I move a big chunk of money into it. However, my guess is it’s still seen as a speculative asset and will prob crash as well. I mean “cyclically” it’s supposed to crash in like 8 months from now, but who knows.

Bitcoin is based on a man-made math problem, where the solutions are deemed to have economic value by some unknown/mythical person. So, I would agree it’s definitely decoupled from the real world. But, better hope people don’t wake up, and ask what am I really holding here.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Bitcoin is up big!

This is mainly because the dollar has dropped in value.

I hope Bitcoin has “decoupled” and is now a stand alone asset that might weather shtty a big economic downturn. Frankly, because I move a big chunk of money into it. However, my guess is it’s still seen as a speculative asset and will prob crash as well. I mean “cyclically” it’s supposed to crash in like 8 months from now, but who knows.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We are heading towards a calamity unless Congress starts doing its job, which is extremely unlikely. At this point, the only way to avoid a yield-debt spiral (in which yields rise as debt rises, making service more and more unaffordable, eventually driving the country to insolvency) is massive austerity. This means tax increases across the board plus entitlement reform, which will deepen the current recession but prevent total fiscal and monetary collapse. Note that the current bill does the opposite. So, what will happen over the coming months and years? Yields will continue to climb, driving up borrowing costs and depressing economic activity. Note this is on top of the tariffs. Each 90 days, more debt will be issued at ever higher rates to pay for debt service, driving yields ever higher. At some point, the Treasury will start to print money (rather than enact austerity.) This will trigger both double-digit inflation and much higher yields--think 20%+. The Fed will no longer have any influence over rates. Existing debt holders will make out like bandits as the real value of their principal falls. However, the savings of pretty much every retiree and future retiree will be wiped out. We will enter a depression that only true leadership will get us out of. This is all a very real scenario, folks. Just because it hasn't happened here for eighty years doesn't mean it won't. There's nothing magical about the United States, certainly with our government no longer functioning in any real way.

I’m going to try to learn economics this summer, but what should you do in this scenario? Hold cash? I read about Venezuela’s triple and quadruple inflation rate — what happens then? You just don’t buy anything other than food and medical? Sell off assets?

You could have a PhD in economics and win the Noble prize and it wouldn't be much help. Trying to predict the future and make tactical asset allocation decisions usually doesn't go well.

And this is coming from someone who lived in Venezuela when Chavez was elected and there are a lot of similarities in my opinion.

Anonymous wrote:

Anonymous wrote:Bitcoin is up big!

This is mainly because the dollar has dropped in value.

Anonymous wrote:

Anonymous wrote:We are heading towards a calamity unless Congress starts doing its job, which is extremely unlikely. At this point, the only way to avoid a yield-debt spiral (in which yields rise as debt rises, making service more and more unaffordable, eventually driving the country to insolvency) is massive austerity. This means tax increases across the board plus entitlement reform, which will deepen the current recession but prevent total fiscal and monetary collapse. Note that the current bill does the opposite. So, what will happen over the coming months and years? Yields will continue to climb, driving up borrowing costs and depressing economic activity. Note this is on top of the tariffs. Each 90 days, more debt will be issued at ever higher rates to pay for debt service, driving yields ever higher. At some point, the Treasury will start to print money (rather than enact austerity.) This will trigger both double-digit inflation and much higher yields--think 20%+. The Fed will no longer have any influence over rates. Existing debt holders will make out like bandits as the real value of their principal falls. However, the savings of pretty much every retiree and future retiree will be wiped out. We will enter a depression that only true leadership will get us out of. This is all a very real scenario, folks. Just because it hasn't happened here for eighty years doesn't mean it won't. There's nothing magical about the United States, certainly with our government no longer functioning in any real way.

I’m going to try to learn economics this summer, but what should you do in this scenario? Hold cash? I read about Venezuela’s triple and quadruple inflation rate — what happens then? You just don’t buy anything other than food and medical? Sell off assets?

Anonymous wrote:We are heading towards a calamity unless Congress starts doing its job, which is extremely unlikely. At this point, the only way to avoid a yield-debt spiral (in which yields rise as debt rises, making service more and more unaffordable, eventually driving the country to insolvency) is massive austerity. This means tax increases across the board plus entitlement reform, which will deepen the current recession but prevent total fiscal and monetary collapse. Note that the current bill does the opposite. So, what will happen over the coming months and years? Yields will continue to climb, driving up borrowing costs and depressing economic activity. Note this is on top of the tariffs. Each 90 days, more debt will be issued at ever higher rates to pay for debt service, driving yields ever higher. At some point, the Treasury will start to print money (rather than enact austerity.) This will trigger both double-digit inflation and much higher yields--think 20%+. The Fed will no longer have any influence over rates. Existing debt holders will make out like bandits as the real value of their principal falls. However, the savings of pretty much every retiree and future retiree will be wiped out. We will enter a depression that only true leadership will get us out of. This is all a very real scenario, folks. Just because it hasn't happened here for eighty years doesn't mean it won't. There's nothing magical about the United States, certainly with our government no longer functioning in any real way.

Anonymous wrote:

Anonymous wrote:The Golden Visa should wipe out the debt. And selling off all gov buildings or national park mineral rights.

I honestly can't tell if this is sarcastic or not.

Anonymous wrote:

Anonymous wrote:So what is the best way for the average person to make it through this?

Join the Administration so you can inside trade.

Anonymous wrote:The Golden Visa should wipe out the debt. And selling off all gov buildings or national park mineral rights.