No doubt, our government is printing money like crazy. The slippery slope is getting steeper. We are quickly headed down the road toward hyperinflation. Not having your money invested in ownership of an asset that will maintain its value, is a very bad idea.
To quote a recent post...
We are sliding down the path, and it’s starting to go faster. The value of the dollar isn’t going to reverse course. If you were in the Weimar Republic and it took 4.5 marks to buy 1 US Dollar and you knew the government was printing money. What are you going to do? History has this very...
Y’all are not seeing the forest through the trees. Inflation is the result of government overspending and printing money to pay for it. Printing money is baby steps toward hyperinflation.
When the Weimar Republic started their little game of printing money, the exchange rate was 1 US...
A $15 dollar Big Mac and a $1000 dollar electric bill due to ‘environmental impact’.
Printing money is baby steps on the road to hyperinflation. Today I saw a McDonalds offering up to $15 to start. Just like throwing gas on a fire!
If you are still looking, I have 3 that I currently use. 1 in Phoenix AZ, the other 2 I inherited from my fathers estate when he passed in CA. Long story short, when his uncle died. My father went back to school and got a masters degree in finance in order to handle his investments. So he...
Unfortunately the “let the cops handle it“ mentality with the DA either not prosecuting or letting them off with community service or ’time served’. Has served to develop a ‘we can get away with it’ mentality for those with ‘adjustable morals’.
Back when criminals got ‘tuned up’ when they...
Also factor in that they are printing money like no tomorrow. This is a manor factor when it comes to inflation. There are other instruments like I-bonds that will not loose money as far as inflation.
Any investment is better than nothing , as printing money devalues every dollar in...
printing money = inflation. Inflation drives the price of goods and services up. Investing in something that retains value means not loosing buying power with your cash.
The interest rates are artificially high to reduce demand. When they have slowed the demand and want to encourage the...
A good investment is a better choice. Hypothetically if you locked in your loan today with 30 years zero down, you'd be paying a steep interest rate. But remember they are shrinking the dollar by printing money, so you'll be paying back your loan with 'funny money' (cheaper dollars), and you...
Listening to the radio today. Apparently their is a massive (money) shift away from smaller banks towards the super big banks. Even some of the bigger banks are having a big downward swing in stock value.
I guess you have a big enough Account to warrant a phone call.
So just to make the point. You and I could use the ODT brain trust and invent a new form of crypto; the ODT and use the ODT logo.
We could invent lets say 5 million imaginary units and sell them on the market.
All this is backed by the full faith and credit of the likes of SBF and if it goes...
I remember when Bitcoin was $40 and gold was $375. This inflation is a direct result of printing money. This crypto is imaginary money. It’s not like its really worth anything real.
Remember all this crypto is imaginary money. There is no there, there. It’s not like it is backed by ANYTHING! Several times now a new set of SBF types have invented their own version of ‘bitcoin’. It is only worth what someone else is willing to pay for it.
Bitcoin and Blockchain. I...
I was listening to something the other day where they were looking at a series of air traffic control shutdowns like we had here on January 11th. They listed a series of similar shutdowns around the world. (Like Canada) In each case the system was down for a day and it’s not like the FAA...