Yes. But . . . . the vast majority don't want to put in the work/effort to earn it on their own. They expect it to be given to them. And it's our fault for not teaching them otherwise.. . . . Now, WE all want what we WANT and we want it NOW.
Yes. But . . . . the vast majority don't want to put in the work/effort to earn it on their own. They expect it to be given to them. And it's our fault for not teaching them otherwise.. . . . Now, WE all want what we WANT and we want it NOW.
Other than saying a few people are "whackos" at both extremes I stayed factual and can back it up with a chart to show the factual basis of the potential abyss we are looking into. (See the RSI, MACD, & Fast Sto lines) This chart shows that we are at a point where Congress (because they control the budget) can either compromise and pull this thing out or kick it over a cliff.CW, who moderates the moderator?
From what I'm reading we're in the debt spiral starting this year. Meaning after our obligated expenses like social security, military, other entitlements we won't have money leftover from taxes to pay for our debt interest. Unless something changes our debt interest and debt to GDP will only get worse and quicker than ever. One fix could be a big GDP boost which could happen depending on what we all do here in the US and if things change. Here is another decent article on the debt spiral and debt monetization. If I remember right this is the first time since WWII that our debt interest can't be paid off in a 12 month period. But the problem is we are not in any situation (for many reasons) that we can grow our way out of it. Like we could after WWII.Other than saying a few people are "whackos" at both extremes I stayed factual and can back it up with a chart to show the factual basis of the potential abyss we are looking into. (See the RSI, MACD, & Fast Sto lines) This chart shows that we are at a point where Congress (because they control the budget) can either compromise and pull this thing out or kick it over a cliff.
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On the up-side and which Wallkeeper mentioned is the fact the Debt/GDP ratio is now improving.
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My guess is close to LukeDuke in that Congress will find a way for us to grind along sideways for years. The pain we currently have continues; but that's my opinion.
So leaving the left/right screaming aside, do you have a factual input to this? Something we can trade on? Historical reference? Make plans with?
From what I'm reading we're in the debt spiral starting this year. Meaning after our obligated expenses like social security, military, and other entitlements we won't have money leftover from taxes to pay for our debt interest. Unless something changes our debt interest and debt to GDP will only get worse and quicker than ever. One fix could be a big GDP boost which could happen depending on what we all do here in the US and if things change. Here is another decent article on the debt spiral and debt monetization. If I remember right this is the first time since WWII that our debt interest can't be paid off in a 12 month period. But the problem is we are not in any situation (for many reasons) that we can grow our way out of it. Like we could after WWII.
How the Fed "Went Broke"
For the first time in modern history, the Fed is operating at a loss. This article explores what that means for savers and investors.www.lynalden.com
Would agree it's not a left/right issues although I have my opinions It's an issue of a system that is built on credit expansion and therefore requires inflation and debasing the currency. That leads to distorted prices on assets (if you're lucky enough to hold any). But at least in the US we have it really good compared to 4.5 billion under authoritarian governments.
As far as what to do? I'm personally done with bonds. Though I am very young. Bonds are and will continue to be negative real interest rates because the US will eventually start buying our own bonds and keep interest rates on them below inflation (debt monetization). I mostly do US Total Market Index Funds with most of my net worth. I am getting involved with private real estate syndications. That's where my liquid cash will go next. www.1031smart.com and https://www.touzicapital.com/ And also might dable with fundrise as another real estate investment option. To me it's not super important what asset you're in in my opinion. When the money printer starts again hold onto some asset though and let it ride....
And you may have guessed it... I am a bitcoiner. I used to think it was "fake money", but have changed my mind after digging into the technical details. All money and assets are built on trust and people linking arms using it holding value. And the best money can't be debased. Which is very true for bitcoin. Bitcoin meets all the needs to me from what I've learned and I've dumped some fiat for bitcoin over the past 9 months.
Hmmmm. . . . I remember making a similar statement a time or two in the past. But I was told that some members might take it wrong, and my contribution(s) were pruned in the name of peace.. . . . I stayed factual and can back it up . . . .
Simple answer is the other moderators since there are four of us.CW, who moderates the moderator?
we are all sensitive to “hypocrisy” and try to avoid it. Also, if it is related to US politics, Stefan will keep us honest while he shakes his head thinking we are all insane….Simple answer is the other moderators since there are four of us.
I am fully confident you are the perfect man for the job!Thinking we're insane. We haven't convinced him yet? Guess I still have some work to do then.
Your doing fine.Thinking we're insane? We haven't convinced him yet? Guess I still have some work to do then.