Is America at the brink of collapsing

originally posted by: anonentity
a reply to: Lumenari

All the countries in the know are stocking up on precious metals. If Bitcoin was even considered they would buy it. But guess what it is a paper promise.

Most people with a brain in their heads are moving to a stable location and getting the garden and orchard going, or at least bringing a skill to the community that they can barter.

Precious metals cannot be eaten... they are a really good way to transfer your wealth from one economy to another and that is it. Crypto doesn't matter if the power goes off.

You are thinking of a calamity which will change our currency and economy.

I am thinking of a complete collapse of the American dollar and what I would need to live after that.

Precious metals right now in Venezuela are measured accordingly... a 22 bullet is worth an American quarter, a 38 or 9mm round is worth an American dollar, a 308 round is worth 20 American dollars....

For better or worse, the collapse of the American Dollar is coming.

Don't be the guy who starves to death while counting his physical gold.

a reply to: MDDoxs

A military coup will not occur.

Agreed.
However , the US military relieving the Commander in Chief from duty may .
Followed by a military tribunal .
Never was in the military , huh ?

a reply to: Lumenari

I am organized. My situation is slightly different from yours as I am not in the States and in a frost-free region. I have been always been slightly independent in thinking that at some stage it's best to be out of the way. I am now glad that my premonitions have paid off. At a push, I could live ok if it all packed up. But trying to spend spuds for trade might work but a bit of silver is probably more fungible.

a reply to: GeechQuestInfo

Anyone putting their faith in the US dollar is going to get wrecked. Good luck with this attitude, come back next year and let us know how that worked out for you.

a reply to: Grenade

You are optimistic thinking the internet will be on next year.

a reply to: anonentity

In some form or other i still expect there to be a global communications network, big tech will see to that. How else will they wire everyone up to the metaverse and project steak through VR while we eat protein bars made from insects, locked in our tiny rooms/cells.

I'm only half joking, that's the scary part.

a reply to: Grenade

Here is a bit of a worry

originally posted by: Grenade
a reply to: GeechQuestInfo

Anyone putting their faith in the US dollar is going to get wrecked. Good luck with this attitude, come back next year and let us know how that worked out for you.

Actually, those with banking connections on the foreign exchange ( Japan ) that bought the US dollar when it was around 102 yen per dollar , today would be making 12 yen per dollar on todays market. Just imagine if you invested 1 million dollars 9 months ago on the dollar with yen.

originally posted by: Lumenari

originally posted by: GeechQuestInfo

originally posted by: musicismagic

originally posted by: GeechQuestInfo

originally posted by: musicismagic

originally posted by: GeechQuestInfo
Markets at all time highs. Wealth creation at all time highs.

Anybody who thinks the country is collapsing probably doesn’t have the requisite skills (see: brain) to take advantage and is just getting left further behind than before.

The majority of those being left behind wouldn’t have a chance if you handed it to them on a silver platter, and the sad truth is that it WAS handed to them on a silver platter.

Someone always lets you have fun under the sun and then the sun burns you.

We all are getting burned by high prices, PERIOD.

Inflation is at what? 5-6%?

Meanwhile, SPY is up 27%.

This doesn’t take a math whiz to figure out…

If your Social Security is 11 grand a year and no other income coming in, inflation ( higher prices ) is very real.

If your social security is $11 grand and you were reliant on that to get by inflation could be 0% and you’re still screwed.

This isn’t tough.

The sky isn’t falling. Literal record wealth being created YOY and the longest bull run this country has ever seen.

If people would lay off the doom porn and quit fearing things that aren’t happening, they could take advantage of what is actually happening.

You do understand what inflation is, right?

Printing more money makes the money not worth as much....

There were plenty of billionaires in the Weimer Republic.

Problem is, it was more cost effective to burn the money than buy wood with it...

/facepalm

Yes, I understand what inflation it and it’s obvious you don’t.

Velocity of money > nominal money printed.

If I gave everybody $1T in the US, but the money wasn’t spent or passed around in the economy, does inflation occur?

Inflation currently has very little to due with the amount of dollars printed. If it were a 1:1 ratio think of what the inflation rate would be right now?

Again, we created more wealth than we printed dollars. Only uneducated internet people think about inflation the way you do, and then you feed yourself confirmation from other uneducated people who think the same.

a reply to: GeechQuestInfo

When goods and services increase in price faster than wages rise it’s a problem for the working class.

If you can’t see that happening worldwide then you’re blind. This new wealth is being funnelled to the top while those at the bottom see their purchasing power reduced.

You’re right about one thing, internet people spouting nonsense without any evidence to backup claims.

originally posted by: Grenade
a reply to: GeechQuestInfo

Anyone putting their faith in the US dollar is going to get wrecked. Good luck with this attitude, come back next year and let us know how that worked out for you.

By the time you wait around for the dollar to collapse (which it won’t), those of us that played the game that was given and blocked out this silly internet drama from our decision making won’t care.

The dollar is stronger this year than it has been since 2016 l. Again, there are actual people who trade currency that can tell you this.

DXY currently up 6.62% YTD. Beating the inflation rate. Who knew???

It would behoove you to disconnect from mindless internet doom porn.

originally posted by: Gothmog
a reply to: MDDoxs

A military coup will not occur.

However , the US military relieving the Commander in Chief from duty may .

That is a part of the definition of a military coup. The US military cannot and would not unilateral relieve the President from office.

a reply to: GeechQuestInfo

As a long term investor in bitcoin and gold 6% is nothing.

I’m up around 400% overall in my investments this year.

Feel free to continue with the blind judgement.

Again, enjoy it while it lasts.

originally posted by: ancientlight

originally posted by: MDDoxs

originally posted by: musicismagic
Just curious from someone overseas. It does seem like this will lead to a Military command to briefly interfere with the political landscape?

Any takes on this with a call of the National Guard yet in D.C. ?

No America is not on the brink of collapse. A military coup will not occur. This may feel like a banana republic, but it is not.

Marx himself if you want any country to become communistic, first you bring in socialism. We are seeing that now with the recent stimulus checks, rent moratorium, and unemployment benefits, even though there's plenty of work.

Nothing in your post indicates that we are on the "brink" of collapse. Yes, those policies exist, if you dont like them, then vote for new leaders.

originally posted by: Grenade
a reply to: GeechQuestInfo

When goods and services increase in price faster than wages rise it’s a problem for the working class.

If you can’t see that happening worldwide then you’re blind. This new wealth is being funnelled to the top while those at the bottom see their purchasing power reduced.

You’re right about one thing, internet people spouting nonsense without any evidence to backup claims.

I’ll post this again in case you missed it the first time.

www.federalreserve.gov...

Household wealth for the bottom half of the country has risen 75% since the pandemic. Almost a doubling in 2 years, and completely outpacing inflation.

This isn’t tough. Wages have risen across the board as well, but that’s hardly meaningful when more and more people aren’t working because their wealth increased by so much they no longer have to hold a job to make it.

originally posted by: Grenade
a reply to: MDDoxs

No, you don't need miners if the total supply is fixed and set upon inception. As i said one token for each eligible citizen.

The number crunching and proof of work could be done by several independent nodes which would verify the votes for the receiving candidates address.

I am definitely not knowledgeable on the subject, so I appreciate the dialog.

Arn't the number of bitcoins fixed? And, arn't farmers verifying complex mathematical equations to verify transactions, in return they receive some value of a bitcoin?

Would the above not be the same principle for voting? A "miner" needs to verify the voting transaction?

originally posted by: Grenade
a reply to: GeechQuestInfo

As a long term investor in bitcoin and gold 6% is nothing.

I’m up around 400% overall in my investments this year.

Feel free to continue with the blind judgement.

Again, enjoy it while it lasts.

6.62% is beating inflation, which was the point.

You could have literally put money under the mattress and beaten the inflation rate this year because the value of the dollar has increased at a rate greater than the inflation rate…

Thankfully we have actual data and meaningful indexes that track this stuff, and we don’t have to rely on mindless internet posters for our data points.

a reply to: GeechQuestInfo

No doubt the richest among our society find themselves in a better position and have consolidated at the expense of the poor. Again, come back in a year and let me know how those dollars are working for you.

originally posted by: Grenade
a reply to: GeechQuestInfo

No doubt the richest among our society find themselves in a better position and have consolidated at the expense of the poor. Again, come back in a year and let me know how those dollars are working for you.

They’ll be fine. Plus the more that is generated, the more that can be hedged and diversified.

Any unforeseen downturn will just be another opportunity to generate more, and insurance on investments is cheap.

I’d welcome this collapse that so many people online fantasize about. SPY takes another 30% haircut, I cash my cheap insurance and increase my position at lower rates (along with everybody else). We buy it back up and make even more money on the bounce, while everybody else keeps screaming from the sidelines.