Anonymous wrote:

Anonymous wrote:The number of people on this forum who think they can predict the future is just staggering. Dunning-Kruger effect is just off the charts.

For a good laugh, take a look at predictions by famous economists and investors worth billions of dollars.

No one know the exact future but we can all tell the weather when storm clouds are coming

Have seen many dire predictions on DCUM. Have watched dollar rise and fall and rise and fall. Know that EU countries have moribund economies and plenty of their own political problems. Know China is a ruthless mercantilist dictatorship. Don't play these hysterical fear games on here just because you don't like the current WH incumbent.

Anonymous wrote:I am an elderly retiree living well off my pension & social security. I paid into those when I was working. Should I feel guilty that I am abetting the country's (and my grandchildren's) financial decline? I've thought about giving it away to my alma mater, but what if I need the money for a possible health issue (I'm healthy right now)?

As a country we need to focus on larger issues.

What you are saying is the equivalent to us using paper straws while the very wealthy fly around on private jets.

I am an elderly retiree living well off my pension & social security. I paid into those when I was working. Should I feel guilty that I am abetting the country's (and my grandchildren's) financial decline? I've thought about giving it away to my alma mater, but what if I need the money for a possible health issue (I'm healthy right now)?

Anonymous wrote:The number of people on this forum who think they can predict the future is just staggering. Dunning-Kruger effect is just off the charts.

For a good laugh, take a look at predictions by famous economists and investors worth billions of dollars.

No one know the exact future but we can all tell the weather when storm clouds are coming

The number of people on this forum who think they can predict the future is just staggering. Dunning-Kruger effect is just off the charts.

For a good laugh, take a look at predictions by famous economists and investors worth billions of dollars.

Anonymous wrote:Thus is why you want to move as much to a Roth as you can. Pay the taxes now.

Does it ever occur to anyone that Congress may means test the tax free withdrawal aspect of the Roth ? You pay now and you pay later.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OMG the fear mongering from you people. Yes we have debt, but it's not that big of a deal. We have and will continue to have the best economy. The dollar is the reserve currency. The IMF without the US will simply collapse. We are the most innovative country. We are the most lucrative market. We have a very high purchasing power.

No OP taxes will not need to rise because there is not going to be a debt crisis.

LOL. This is exactly why other countries are pushing for currencies other than the dollar to be the reserve. It will happen sooner than you think.

Their own citizens don't trust their own currency. Good luck with that. People always want dollar.

You really are under a rock aren't you?

Aside from the Euro, Canada, Denmark Sweden the UK tell me one country where their citizens would rather have their own currency over the dollar?

What does this have to do with reserve currency? The new trade lines being forged without the United States will determine the future reserve currency.

The U.S. is not stable. Could very nearly be called a backdliding democracy at this point.

Why would other countries trust us now? They can see Trump is bad for the country and just enriching himself but We the People voted him in again.

And then he appoints the next Fed Chair? Why would they think anything better is coming?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OMG the fear mongering from you people. Yes we have debt, but it's not that big of a deal. We have and will continue to have the best economy. The dollar is the reserve currency. The IMF without the US will simply collapse. We are the most innovative country. We are the most lucrative market. We have a very high purchasing power.

No OP taxes will not need to rise because there is not going to be a debt crisis.

LOL. This is exactly why other countries are pushing for currencies other than the dollar to be the reserve. It will happen sooner than you think.

Their own citizens don't trust their own currency. Good luck with that. People always want dollar.

https://www.dw.com/en/china-yuan-us-dollar-trade-currency-trump-tariffs-graphics/a-74593975

You really are under a rock aren't you?

Aside from the Euro, Canada, Denmark Sweden the UK tell me one country where their citizens would rather have their own currency over the dollar?

We are moving to a multi-polar world. The US dollar will be one of many reserve currencies.

China is moving toward pricing trade in yuan. https://www.dw.com/en/china-yuan-us-dollar-trade-currency-trump-tariffs-graphics/a-74593975

Aside from the yuan, the Swiss Frank and the Euro will be alternate currencies for international trade.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OMG the fear mongering from you people. Yes we have debt, but it's not that big of a deal. We have and will continue to have the best economy. The dollar is the reserve currency. The IMF without the US will simply collapse. We are the most innovative country. We are the most lucrative market. We have a very high purchasing power.

No OP taxes will not need to rise because there is not going to be a debt crisis.

LOL. This is exactly why other countries are pushing for currencies other than the dollar to be the reserve. It will happen sooner than you think.

Their own citizens don't trust their own currency. Good luck with that. People always want dollar.

You really are under a rock aren't you?

Aside from the Euro, Canada, Denmark Sweden the UK tell me one country where their citizens would rather have their own currency over the dollar?

Are you joking? You just named 25 countries. (21 countries use the Euro, plus the other four you mentioned). You also forgot the Japanese Yen, the Australian dollar and increasingly the Chinese Renmimbi). These are all safe-haven currencies for many countries.

Anonymous wrote:What makes you think we're paying for the nation's debt, when not a single budget submitted since 2001 has been balanced?

You need to take a basic financial literacy class, because you're missing the very basics of how our budget functions.

The stock of our national debt may not be diminishing (since Trump prefers to decrease revenue and cut taxes to billionaires and gut the IRS), but we're paying more each year SERVICE the nation's debt, more than a trillion dollars a year just in interest rate payments.

America pays more each year on interest payments on national debt, than it does for Medicare or national defense.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OMG the fear mongering from you people. Yes we have debt, but it's not that big of a deal. We have and will continue to have the best economy. The dollar is the reserve currency. The IMF without the US will simply collapse. We are the most innovative country. We are the most lucrative market. We have a very high purchasing power.

No OP taxes will not need to rise because there is not going to be a debt crisis.

LOL. This is exactly why other countries are pushing for currencies other than the dollar to be the reserve. It will happen sooner than you think.

Their own citizens don't trust their own currency. Good luck with that. People always want dollar.

You really are under a rock aren't you?

Aside from the Euro, Canada, Denmark Sweden the UK tell me one country where their citizens would rather have their own currency over the dollar?

Anonymous wrote:

Anonymous wrote:OMG the fear mongering from you people. Yes we have debt, but it's not that big of a deal. We have and will continue to have the best economy. The dollar is the reserve currency. The IMF without the US will simply collapse. We are the most innovative country. We are the most lucrative market. We have a very high purchasing power.

No OP taxes will not need to rise because there is not going to be a debt crisis.

LOL. This is exactly why other countries are pushing for currencies other than the dollar to be the reserve. It will happen sooner than you think.

+1 Money is flowing into German Bundes, as Germany is perceived to have a more stable government. Trump is making daily threats that hold a large share of America's debt, including the EU, China, Japan and Canada. If they dump that debt, the cost of servicing that debt will skyrocket.

Be an ostrich all you want and stick your head in the sand, but many of those who follow financial markets note how much damage is being done to the American reputation of being a safe haven for assets, with the banana republic actions of this administration.

What makes you think we're paying for the nation's debt, when not a single budget submitted since 2001 has been balanced?

Anonymous wrote:OMG the fear mongering from you people. Yes we have debt, but it's not that big of a deal. We have and will continue to have the best economy. The dollar is the reserve currency. The IMF without the US will simply collapse. We are the most innovative country. We are the most lucrative market. We have a very high purchasing power.

No OP taxes will not need to rise because there is not going to be a debt crisis.

I am going to assume you are sincere. You really need to read the foreign press.

The US is now the most hated country in the world.

Canadians and the Danes are downloading apps that help them scan consumer products so that they can avoid buying US made goods.

The US tourist industry is tanking.

France is moving its government workers away from US tech. Europe is talking about digital sovereignty.

China is ratcheting down its purchase of US treasuries.

More and more countries are trading using the yuan. They are moving away from US dollars.

Europe and Canada are de-risking from the US.

US hegemony is declining quickly under Trump.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OMG the fear mongering from you people. Yes we have debt, but it's not that big of a deal. We have and will continue to have the best economy. The dollar is the reserve currency. The IMF without the US will simply collapse. We are the most innovative country. We are the most lucrative market. We have a very high purchasing power.

No OP taxes will not need to rise because there is not going to be a debt crisis.

LOL. This is exactly why other countries are pushing for currencies other than the dollar to be the reserve. It will happen sooner than you think.

Their own citizens don't trust their own currency. Good luck with that. People always want dollar.

You really are under a rock aren't you?