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| Pic related seen on wsb. Reminds me of the saying “a bull market climbs a mountain of fear” or however it goes
Edited by Deltamudd 9/12/2021 08:03
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Napanee, Ontario | with 10 trillion $ of printed money, you can buy any graph that looks however you like
https://m.youtube.com/watch?v=YPHEM4gEqvg&t=4s
Edited by OldMcdonald 9/12/2021 13:42
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USA | Deltamudd - 9/12/2021 07:01
Pic related seen on wsb. Reminds me of the saying “a bull market climbs a mountain of fear” or however it goes
My guess Gov money pumping will slow. Which will cause economic activity to go in a tail spin. Unvac people will be blamed for the economic problems do to their unwillingness to conform. |
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Napanee, Ontario | yup |
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North Central Iowa | And it will not be long and we will need 10 trillion each time. Then that will not work and they will say we need 20 trillion at a time. We will be 100 trillion in debt within 24 months. |
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Napanee, Ontario | https://demonocracy.info/infographics/usa/us_stimulus_package_10_tri...
2020 $10+ Trillion Hyperinflation Stimulus Package - Perspective View
$10.5 Trillion is over 30% of U.S. GDP and more than twice the U.S. government yearly budget.
$10 Trillion is more than twice USD M1 money supply (cash & bank account deposits @ $4 Trillion @ end of 2020).
$10 Trillion is $30,500 for each person in the USA. Did you get your share? We know corps & banks will get theirs.
Question: What is the end game?
Answer: First deflation (quarantine lock-down), then hyperinflation.
Why hyperinflation? Because the interest rate is the value of money itself, and is set to zero. Interest rate is the opportunity cost of lending the money- risking not getting money back and deferring current spending power until later. Money is the most capitalistic thing in existence, but paradoxically the value of money is centrally controlled by the central banks of the world; not controlled by the free market. You may not decide what value (interest) money in your bank acct carries; the central banks decide.
The interest rates are now set to ZERO. In many countries. This implies that the value of money is ZERO, meaning there is no risk or deferred opportunity cost when lending out money. Some countries even have NEGATIVE interest rates, something that was considered fringe conspiracy theory just 10 years ago is now the new normal.
The USA can't ever go back to normal interest rates. US Debt is at $25+ Trillion as of May 2020. [me: It's 29 trillion now]
With normal interest rate of 5% the US Government debt service cost would be $1.25 Trillion per year. Tax revenue is at $3.5 Trillion. When one pays 35% of one's yearly revenue to service debt interest, everyone knows one is bankrupt. With 0% interest rates this can go on for much longer. This is one of many reasons for low rates.
There are two ways to default on government debt. First option is to tell creditors they get nothing, which is a painful process with many repercussions. Another option is to just print cash and give creditors newly created devalued cash. Problem is that the financially responsible hard-working savers are punished as their savings fall in purchasing power, while in-debted spenders are highly rewarded as their debts devalue. |
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Napanee, Ontario | "she can't hold anymore captain!!"
It's pretty clear (at least to me ), that we are in the final hours of this financial system
I'm also a CPA/CBV FWIW |
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20 miles west of Indianapolis Indiana | At what point is their no return and we just ride the pony till it collapses and those with food/water/ammo win? Seriously?
I feel like we’ve said this cannot keep going on for a good while. I suppose that day ends when China and Russia convince the world to go off the dollar standard and our money is truly worthless then.
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Napanee, Ontario | "I suppose that day ends when China and Russia convince the world to go off the dollar standard and our money is truly worthless then."
That will truly be the end of the ballgame. Frankly, I'm surprised it's lasted this long... |
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NW in. | The only thing going for us is who's currency is better, they're all a dumpster fire for many reasons. |
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Napanee, Ontario | EXACTLY.
I think TPTB end goal is a move away from ALL currencies and into a new FED issued digital currency resembling Bitcoin but with no cap on supply
https://www.youtube.com/watch?v=wTP2RUD_cL0 |
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S Illinois | So when are you doing business in Rubles and Yuan. There has to be an alternative and if you think government manipulation is bad here, you obviously have done little business there. Everyone always brings up “oh look how much gold those counties are buying”. Well yea, when ones currency is crap what does one expect. |
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SC WI | I agree, every country is pumping stimulus money into their economy. So right now everyone’s currency is inflating. With this global inflation nothing will really change in the macro. Where/how this ends is yet to be seen. |
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SC WI | w1891 - 9/12/2021 09:27
Everyone always brings up “oh look how much gold those counties are buying”. Well yea, when ones currency is crap what does one expect.
This is why I am surprised China is not consistently buying commodities. I would rather have a hard asset, then a currency, during inflationary times. |
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| Asset needs to be tangible...for that to work. |
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| Hyperinflation comes when the confidence of the government collapses... |
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SC WI | It is something they consume though. So stock up on reserves, instead of holding dollars. |
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| Yeah banks won't be a good place for your money...FDIC will not protect you...they always side with the bankers...
I'm into silver, copper and Dow stocks...after I finish accumulating the stocks I will have them send me the certificates. The commodities I won't keep...looking for silver to be near $60
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NW Indiana | Serious question. What timeframe(as in year) would you say you started doing the majority of your investing? |
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| Digital is the devil |
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northwest tennessee | I think confidence is being lost daily in all areas, not just financial. It seems to be a big house of cards. |
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| When you see the police side with the people...then you know you have |
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Napanee, Ontario | Very good strategy
30% of our money is in 7 copper stocks
Here’s our list of holdings:
List of EP holdings (all tsx)
Ticker....# of shares
Vet 100,000
CVE 20,000
MEG 20,000
CPG 20,000
PEY 20,000
TOU 5,000
ARX 15,000
WCP 20,000
BNE 30 000
CJ 20,000
BTE 20,000
FRU 20,000
CR 20,000
Cu:
Southern copper
Fcx
Teck
First quantum
Bhp
RIO Tinto
Ivn
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| They won't have to convince them...once China gets rule of law...The bonds that they have just started to sell will be the safe haven. Money will flock to them just like it did with us after WW1...when all of Europe was destroyed. |
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Napanee, Ontario | I started in May 2008
I learned the horrors of margin early... as I proceeded to lose the whole $30k in the crash of 2008
I’ve been in commodities since
Gold for a long time waiting for all the BS money printing the come home to roost
Edited by OldMcdonald 9/12/2021 11:00
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NW Indiana | I would have guessed it was either 2007 or 2008. I would suggest you research some studies that have been done with those who started investing during those timeframes. Even a few years prior was impacted by the financial crisis. Studies have shown the psychological impact that had on those investors and an overwhelming number of them are still bearish based on doom and gloom to this day. I'm really not trying to be a jerk but being sincere in my suggestion to do some research on it. Someday the doom and gloom will come to roost but those impacted having a bearish tilt from the financial crisis have left a lot of money on the table out of fear. I'm not suggesting I have the answers going forward but we very well could keep this party going for a long time as the majority of the sheeple have no clue to the financial system which is what will likely allow it to continue well beyond what it should. I would also guess you are conservative by nature which with today's politics makes you that much more cautious, I get it. Alexandra Fraser Tytler laid things out well, unfortunately even with it spelled out people wont catch on. |
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Napanee, Ontario | Very interesting comment... you’re 100% spot on
I’m definitely gonna look that up now. Funny story - my friends and I used to be cryoto miners (Dogecoin) back in 2015. But we all stopped, and I cashed out my $36k in 2015.
If I had of kept it, the holdings would be worth $15-20 million today. How’s that for sickening lol
BUT... I do catch some:
(From a post of mine on IV)
I feel the same way
Lots of things I don’t get.... my friend made $500k on GameStop (he was in since $7 and was long calls..). Convinced me to buy some AMC shares (he is part of the WSB crowd) when I asked if there was any others would do similar.
I bought 500 shares in early FEB at $11. I never would have bought a stock like that, but it was my brother’s idea, and less than 10k (w/ cdn exh rate), so I figured at best he’d learn a lesson.
But nope.
We ended up selling in April at $54.
If he hadn’t had me screaming at him to sell, he might still be in it.... then I proceeded to SHOW him how insane it was for a serial diluting money losing theatre company to be worth ~ 27 billion, but my brother doesn’t have any concept of valuation. If it wasn’t for me there to explain it to him... he might have rolled his $$ into the next bubble or meme stock...or crypto.
But not everyone is a CPA formerly a business valuator like me. There’s MILLIONS more ppl out there in the market like my brother lol
And this is how bubbles form.....
When a reckoning comes to this casino, it’s gonna be BAD |
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Southeast Colorado | Your post kind of confirms some of my thoughts. It also makes me laugh at myself.............because I know all of these things that just haven't played out like I know they will. I could die of old age being completely wrong and broke...............if that happens..........was I still ultimately right?? |
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Napanee, Ontario | “I could die of old age being completely wrong and broke...............if that happens..........was I still ultimately right??”
I’ve struggled with that for 13 years |
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NW Indiana | The fact I could almost guess what year you started investing based on your posts says a lot. I got my butt kicked for a few years following the financial crisis myself, watching videos (David Cote, Kyle Bass) etc of how this was going to play out over the next ten years. It wasn't until I read an article on equity investors impacted by the financial crisis being impacted by what timeframe they started investing did I learn to change my mind that doom and gloom was likely going to take longer than most think to play out.
By no means am I discouraging your posts, although I have to skip by a fair amount of them just so I don't go looking for the dog to kick!!! |
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| Thinks economy is gonna collapse- invests in copper. Lol
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Napanee, Ontario | Haha fair!
I’m still astounded by all this |
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Napanee, Ontario | Well to be frank, I don’t really know what to do...
I just know keeping it in cash .... you’d be better off burning it with this crazy inflation lol
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| How do you suggest to best navigate personal wealth during such a transition from US financial dominance to Chinese dominance? |
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Columbia Basin, Ephrata, WA | Spikes - 9/12/2021 07:59
Asset needs to be tangible...for that to work.
Commodities are tangible.
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Southeast Colorado | But have a shelf life. |
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NE SD | Nobody really does because we’ve never had any conditions like this. I’m not changing much of anything except maybe shifting more to international even though I’m already overweight on that. Staying in the market, taking distributions to buy any corrections and to have a little cash as I generally keep very little on hand. Everything is in taxable non-retirement accounts, nothing in IRAs or 401ks except for a tiny Roth, so everything is accessible without penalty.
We’re all going down when it comes apart at the seams regardless of what anybody holds as a hedge. If we’re down to bartering, growing our own food, and having to have a small munitions depot at home to protect everything, then who wants to live like that anyway. I’ll enjoy it while it lasts and trade my dollars for Yuan, Rubles, Chinese digital currency or whatever for a tenth of what they’re worth. |
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Napanee, Ontario | “If we’re down to bartering, growing our own food, and having to have a small munitions depot at home to protect everything, then who wants to live like that anyway.”
My thoughts EXACTLY. If it comes to it, I’m prepared to die fighting for what I beieve in. I’m not much of a match now that I’m crippled .... but I’ll die protecting this farm from the evil and selfish minded ppl. I’m not scared of dying... I think (hope?) God has a place above for me...
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Southeast Colorado | I keep very little cash on hand as well. But it's for a different reason than you. |
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NE SD | I figure if I NEED it, I can turn it into cash with a couple of mouse clicks anyway. That’s the main reason I don’t. I should clarify that I keep cash for the farm on hand to pay the expenses. Bigger amounts outside of that I’d have to get out of brokerage. Just very little excess cash. |
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sullivan il. | What is this term you speak of “ excess cash” not familiar with that lol |
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northern edge of north central Missouri | This thread is further confirmation of my belief that all markets are ultimately the collective thoughts of its participants. (Psychology)
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NE SD | fatan sassy - 9/12/2021 16:47
This thread is further confirmation of my belief that all markets are ultimately the collective thoughts of its participants. (Psychology)
That’s why charts are self fulfilling prophecies. People see that the last time “x” happened the markets rose or dropped, and they act accordingly….then whaddya know, the chart is right again. I hate charts….I’m more fundamentals. |
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Cambridge, southwestern Nebraska | What is you opinion on what we should or shouldn’t be doing to position ourselves? |
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Napanee, Ontario | https://talk.newagtalk.com/forums/thread-view.asp?tid=1015973&mid=91...
I had a post on here recently about JUST this topic.
Borrowing money to finance these forays is the best thing you can do. Then you can pay back the loan with inflated $$
It works for the gov't....it will work for you.
"I don't know the answer to your question.... but I am trying to hold the EXACT OPPOSITE of what can be easily re-created.
IF you think about how simple is to create new $$, they just fire up the printing press... Today its digital, so it's even easier.
That's why housing and land has gone up so much---- it can't easily be re-created. People don't understand the WHY of why real estate is a good inflation hedge...it just IS. But I think this is WHY...
There is a lag time in housing, as once there is enough material mined/produced... they can build more....
But things like GOOD FARMLAND, OIL... they're not making anymore of. When it's gone... it's gone.
WHICH is why I have ALL OUR WEALTH in GOOD FARMLAND, OIL COMPANIES AND COPPER COMPANIES.
HERE's the list of stocks we're in:
O&G EPs (70%)
VET
CVE
MEG
CPG
PEY
TOU
ARX
WCP
BNE
CJ
BTE
FRU
CR
copper (30%):
southern copper
FCX
TECK
first quantum
BHP
RIO Tinto"
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Shelbina, MO | Keep posting. I have enjoyed reading your thoughts. I grew up on a farm in the '70s & '80s. I feel like it is 1978 and 1982 is coming! (Along with the rest of the '80s) |
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“The end is near!”
