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I worked in a brokerage firm 33 years ago and diversifying is a no brainer. I have $ in precious metals, crypto, my home, mutual funds, stock and cash. Only reason I have cash is I believe we will see some discounts in the market so as soon as we see discounts I will buy. I'm also going to wait for dips in crypto and buy more.Yeah thats the issue. I don't trust the market right now but we have 401ks. I'm waiting for a crash in the residential market hence why the large savings. But I do believe inflation is coming. So what to hedge against the dollar? I guess if everyone knew that answer everyone would be rich lol.
What is the source for this? Seems way offMIND-BOGGLING
We have printed almost 10 trillion dollars in a handful of years.
We owe about 57 trillion dollars.
The unfunded liability ( SSI, Medicare, FDIC Insurance, promises we've made ) is incalculable. A safe number is 300 trillion, and I'm being kind with that number.
MIND BLOWING
Inflation is already here and is going to get a lot worse. Employment and the overall economy sucks. The energy industry is screwed. High financial volatility across the board. And now the FED will have to raise rates to offset sooner then anticipated. Lets just keep on printing and buying our own money and debt.
But wait there's more! School debt forgiveness, free Healthcare, infrastructure.
I'm all about that infrastructure though. It's like stimulus checks but you actually get something for you money.
If it comes down to funding abortions and gay rights advocates in Albania or wherever, defense spending, or whatever other counter-productive shit the government spends money on vs. infrastructure, I'll take infrastructure. It's the only way that the government creates jobs and gets a usable product that benefits everyday people.
JUST IN - U.S. stocks tanking, NASDAQ down 3% after FED update.
Btc should hedge the loss but it’s going with it
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I'm for it also, but maybe we should drop some of the other spending before we add another 2 trillion in debt.
JUST IN - Myanmar’s military attempted to withdraw $1 billion held at New York Fed. The US blocked it (Reuters)
JUST IN - Myanmar’s military attempted to withdraw $1 billion held at New York Fed. The US blocked it (Reuters)
Calculating the debt is really controversial. Is it gross , net , liability, unfunded, projected, or any psychic who claims to read the future. You can use any figure you find, as they are all equally mind shattering ?What is the source for this? Seems way off