The collapse of society may come in the form of a great time of enlightenment. Actually, that’s exactly what it will be.
OT: Why is Warren Buffet always ahead of the game?
- Thread starter itseasyas1-2-3
- Start date
Damn, I was starting to like you and you turn around and call me a queer.
Having enough money to buy anything I want will be the least of my concern.
Last edited:
These people that think there's going to be a collapse really only want it to collapse enough that their big bet on whatever prepper strategy they have will pay off. Anything super bad nothing they've done will matter, I'm not sure how they plan to control the drop so it's a nice soft landing where their gold, bitcoin, or whatever they've spent a lifetime planning to use will save them.
I think it was a general comment about the group who flashes it like jerks. Not all Crypto owners … at least that’s how took it.
Guys like this guy …
I have no problem with anyone investing in crypto. There’s just certain segment of hardcore crypto guys who treat it like it’s religion. Personally, I have very very small portion of my portfolio in crypto. I just don’t trust it enough yet and it seems like 9 out of 10 people who over invest in crypto eventually get burned. To have anything more than 10% of your investments in crypto is insane to me, but to each their own. I don’t like telling people what to with their money. Probably why hardcore crypto guys “crypto queers” annoy me. They are constantly telling you how to invest your money and selling crypto as the end all be all. They just won’t stfu about it…
I don't mind telling people what to do with their money.
Geezus. Where were you during the Floyd riots? The next round will likely be worse. Go have your car broken in to or stolen in one of our Blue cities and try to call the cops. Good luck.
They fear a banking system collapse due to the irrational federal spending of the past 3 years. We're headed for some rough times where we continue to have inflation with stagnant or no economic growth. There have been numerous articles on the perilous state of the US banking system
It’s a dangerous game, but I respect your ability to play it fast and loose with other people’s money…
one of the things that large firms like Berkshire have going is that they're leading institutions. Meaning, IF Berkshire sells a stock they have a whole bevy of large private and public investors who follow their lead. Berkshire's moves are large enough by themselves to move the market on a stock. The frailty of US bank stocks has been discussed in a multitude of sources.
Well fvck, I guess I need to learn how to read then? At least I could fire this condescending asshole who dictates all my posts. He’s really fvcking glaring at me right now as he types this…
Gotcha.
If the worst thing anyone on here calls me is queer, I'm sure I'll survive. Neither you or I tell anyone how to spend their money, and I think thats the smart to do.
Some people already know that my wife and I, my 2 adult kids, 4 of my grandsons and 2 great grandchildren all own BTC because we bought it real cheap early and then didn't buy anymore after it got to 1,200.00. However, my son and I do put money in each month for my 2 youngest grandssons cause they have nothing but time.
I believe I only spent 7K on BTC and do have a lot of ETH. Dabbled early with about 25-30 assorted altcoins, LTC, Monero, etc, but they haven't done much and probably 15 have just vanished over the years.
Crypto is not something I'm hanging my hat on, there's always been that "unknown" about it, but it has been good, and I sold a small enough portion about 5 years ago to take out my initial amount, so I cant get hurt even if it goes POOF.
I really wasn't bothered by your description, was mostly just pulling your chain. We've had enough casual exchanges that I know you're a pretty good dude.
Realize, I been taking shit all day by a handful of guys, so I figured it was my turn. LOL
Since this thread is far off topic, anyone else notice that the DOD has just authorized the military to use force against Americans protesting their government if it is deemed necessary ? Timing on that is peculiar.
I have a friend who lives in Minneapolis. It was limited to a small portion of the city and didn’t touch him. I have another friend who lives in Denver. same deal. Now, if you were out, driving around, looking for trouble, that’s probably a whole different deal.
I agree. The problem is normalcy bias. People think because it hasn't happened in their lifetime it somehow makes us immune.
I know I trigger some guys on here, but really, I'm just tossing thoughts out there that "could" help someone with an open mind, at least do some independent research to see if what I say could happen to the system.
Many are just a lost cause, and I know they are in for a bumpy ride. I wish them well, but I know they just don't like the way I deliver what I know. That's their problem.
It's not like I'm talking about something completely inconsequential, like Husker football, in this game when it goes south, it is REALLY gonna hurt some people.
We were told years ago by the media that a majority of Americans believed there would be a civil war within their lifetime. Personally I don't believe that. The closest thing we had to that was the Soros clowns in our blue cities during the Floyd riots.
Whole neighborhoods were burned to the ground in Minneapolis. Minneapolis-St Paul encompasses probably over a hundred square miles. Does the WHOLE city have to burn to get your attention?
When you have foresight of upcoming legislation or changes to regulations it helps to get a jump on those who aren't privy to inside information.
I'm not complaining, I'm just saying its illegal.
Last edited:
If drubendall wants to look back at one of my earliest posts (Post #47), I reference DOD Directive 5240.01 that was updated on Sept 29th by the current folks in charge. I specifically pointed out Page 13, but because of board rules I didn't elaborate.
Unless and until the moderators give us permission to talk politics, that's about all I'm gonna say about it. BTW, I could NOT disagree more with your 2nd sentence dingle.
Last edited:
I can't give you a like simply because neither you or I can condone that. But, you are exactly right.
I mentioned to dingle that I posted that earlier this morning in this thread.
There are a lot more things in play than most people realize.
More to the point: Most people just don't want to know.
Routine revision, nothing special about it. Just trying to Distract from the enemies from within bs from you know who
Last edited:
housing basically doubled in nominal dollars.. in actually purchasing power, it's likely stayed the same.. but for most technology based things, deflation is kind of the norm.
I agree with you on hyperinflation.. it's also a possibility.. basically a shtf scenario, we could also see that.
I am not as worried about the whole BRICS agenda.. they are like a bunch of mob bosses that don't trust each other either. At the end of the day, they all go back to holding dollars in their reserve because of the yield. This is one thing that the Federal Reserve has done correctly, is to keep the rates higher to keep the dollar strong. Every other country started cutting rates over a year ago, and we just had our first rate cut.
Eventually, maybe the BRICS win out, but I don't think so. Those dictatorships are not efficient as capitalistic corporations. I think the US will have a new Renaissance as manufacturing comes 'near shore' and also move more into robotics and ai.
They may try to match the deflation against the inflation of the government spending with MMT style of thinking, in fact I'm pretty sure that they will give this a try. Those economies outside the US are going to fall behind again. I'm not big on gold or silver. To me, it was yesterdays money that found use as jewelry and in some electronics, but investment in things like Bitcoin will eventually dwarf the precious metals market imo.
Where was I? Sitting safely in my home going about my normal business. You consider that the downfall of society? There were riots worse then that in the 1800's. I swear people have no concept of history or scale.
We're on completely different pages on these topics Nikki. The dollar purchasing power is very weak and getting weaker by the day. I see no way forward for the USD and neither does the rest of the world, it will slide into the bin of history just like every other fiat currency in the world does.
As far as mob bosses running the BRICS+, have you seen the US lately? LOL Three people can keep a secret as long as two of them are dead.
Manufacturing in this country is dead. The time it takes just to cut through the regulations makes it an unsustainable goal for most people who want a return now. Modern Monetary Theory is dead and not even a feasible concept.
Not everyone is a fan of gold, but they can drop you ANYWHERE in the world and it will be recognized as money. That's why its been pegged as a High Quality Tier One Asset by the people who matter. SIlver is vitally important as an industrial as well as strategic metal. The monetary value is of importance as the dollar finally vaporizes.
It's no surprise every Central Bank in the world has been buying gold hand over fist for more than a few years. As I've said many times, on the Fed Reserve Balance sheet there is an empty line which says "Gold Revaluation." There must be a reason that wording exists.
I respect your opinion and thoughts, but we obviously see things a lot differently. Might be because I live in the US and see things daily, and you live overseas. I assume you have a much better handle on things there than I do from afar.
Peace out.
Irrational spending of the last 3 years? Haha. You thought printing money and giving random people checks in 2020 so they could put down payments on UTV's and campers was rational?
Another fake conservative....
Haha it did not stay the same. Median income no longer is even close to being able to purchase a median priced home. Unless you think wages doubled along with homes (spoiler: it didn’t)
Home sales have dropped to the lowest level since 2010. First time buyers is only 26% and that's the lowest since that same year.
The recent 50 basis point rate cut did long term rates, i.e. home buying no favors as the 30 year note went up since the announcement.
I would say you could drop anywhere in the world and people would recognize gold has value. I don’t know that people would consider it money. Go to Scheels and try to buy clothing or go to Hy-Vee and buy groceries with your gold. I’m guessing you won’t be able to do either.
I bought a smoker!
I kind of wish I never did though, it turns out that I am not really into it.
The "Inflation Reduction Act" is anything but that. THAT is the straw that broke the camel's back but I agree that the initial COVID relief act was over the top government stimulus aimed at prevented a sharp contraction in the economy. It's just further proof that legislative stimulus packages never end well.
Yeah, I bought my house like 12 years ago and I could not even SNIFF buying it today. It has more than doubled in price and the taxes have gone up 75%.
LOL. Ok. Well thanks I guess. I have no idea what you do with your money...Don't even recognize your handle. But I'm glad you've done well. Congratulations.
So when did the irrational spending start? 2020 or 2021? Many would argue the irrational spending started as soon as we started running a deficit, which was 2007? I wouldn't argue that.
