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Multigenerational Damage

T

toastedbread

Hall of Famer
Oct 25, 2006
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With the rapidly declining dollar and American bonds become worthless by the second we are on the verge of decades of damage being done to this country in days. That budget bill yesterday certainly didn't help matters. I have never seen such an unprincipled group of individuals like Chip Roy. But hey amidst all the carnage we are finding $1T for the military industrial complex!

The US is now being viewed closer to Emerging Economy than Safe Haven.

Turkey, Venezuela, Iran, or Lebanon. Take your pick.

Now maybe others like Japan and Europe will be in worse shape than us. But quality of life will materially depreciate here.

Have any of you been to Europe before? They don't have 100 varieties of things. You go to the supermarket and there are 1 or 2 choices. And the price is higher too!

We needed a reset, but the reset is being done in the worst manner possible by the least qualified individuals.

He's no doubt the king of debt and may bankrupt us in the process.
 
toastedbread said:
With the rapidly declining dollar and American bonds become worthless by the second we are on the verge of decades of damage being done to this country in days. That budget bill yesterday certainly didn't help matters. I have never seen such an unprincipled group of individuals like Chip Roy. But hey amidst all the carnage we are finding $1T for the military industrial complex!

The US is now being viewed closer to Emerging Economy than Safe Haven.

Turkey, Venezuela, Iran, or Lebanon. Take your pick.

Now maybe others like Japan and Europe will be in worse shape than us. But quality of life will materially depreciate here.

Have any of you been to Europe before? They don't have 100 varieties of things. You go to the supermarket and there are 1 or 2 choices. And the price is higher too!

We needed a reset, but the reset is being done in the worst manner possible by the least qualified individuals.

He's no doubt the king of debt and may bankrupt us in the process.
Click to expand...
Military spending is absurd. Needs a hatchet
 
toastedbread said:
With the rapidly declining dollar and American bonds become worthless by the second we are on the verge of decades of damage being done to this country in days. That budget bill yesterday certainly didn't help matters. I have never seen such an unprincipled group of individuals like Chip Roy. But hey amidst all the carnage we are finding $1T for the military industrial complex!

The US is now being viewed closer to Emerging Economy than Safe Haven.

Turkey, Venezuela, Iran, or Lebanon. Take your pick.

Now maybe others like Japan and Europe will be in worse shape than us. But quality of life will materially depreciate here.

Have any of you been to Europe before? They don't have 100 varieties of things. You go to the supermarket and there are 1 or 2 choices. And the price is higher too!

We needed a reset, but the reset is being done in the worst manner possible by the least qualified individuals.

He's no doubt the king of debt and may bankrupt us in the process.
Click to expand...
Oh bullshit. The damage is from decades of politicians spending too much money. Trump just might be the one who pops the bubble. At some point someone has to pay for all the reckless spending and the bond market might be figuring it out. Have you seen gold the past 15 months? It was a signal. If it gets too bad the FED will step in and be the buyer of last resort, which means fire up printer Jerome. Then Bitcoin goes parabolic.

Tom Cruise GIF by Jerology
 
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Marvin the Martian said:
Don't forget to buy Enron, it will make a comeback.
Click to expand...
Disregard Bitcoin if you're going to be silly instead of thinking about it. What is gold telling the market? Why are people piling into it? It's because the debt to GDP globally is nearing 400%. It means everything is overvalued, including land and equities. How are governments going to get through this? It's either austerity or by printing. What do you want to own in that situation?
 
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snarlcakes said:
Oh bullshit. The damage is from decades of politicians spending too much money. Trump just might be the one who pops the bubble. At some point someone has to pay for all the reckless spending and the bond market might be figuring it out. Have you seen gold the past 15 months? It was a signal. If it gets too bad the FED will step in and be the buyer of last resort, which means fire up printer Jerome. Then Bitcoin goes parabolic.

Tom Cruise GIF by Jerology
Click to expand...
Everyone needs to do their part. It means seniors may need to work a little longer before going on SS and some folks may need to take cuts. Trump is completely unserious about budget reduction as seen from yesterday's bill. He loves debt. He's making the bubble worse while popping it at the same time. That's how you end up with hyperinflation. Unfortunately, 99% of the elected officials in this country are traitors who won't level with the public.

I appreciate your transparency further down in the thread that your primary concern is not what's in the best interest of the country but in pumping your digital bags.
 
toastedbread said:
Everyone needs to do their part. It means seniors may need to work a little longer before going on SS and some folks may need to take cuts. Trump is completely unserious about budget reduction as seen from yesterday's bill. He loves debt. He's making the bubble worse while popping it at the same time. That's how you end up with hyperinflation. Unfortunately, 99% of the elected officials in this country are traitors who won't level with the public.

I appreciate your transparency further down in the thread that your primary concern is not what's in the best interest of the country but in pumping your digital bags.
Click to expand...
I've been b#tching about the debt for too many years to count. The post is what I think is going to happen because politicians refuse to stop spending. Also, the deficit spending continues to be approved by Congress. Whether its the GOP or Democrats they all continue doing it. Also, were not getting hyperinflation, just elevated inflation like Covid if they have to print.
 
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snarlcakes said:
Disregard Bitcoin if you're going to be silly instead of thinking about it. What is gold telling the market? Why are people piling into it? It's because the debt to GDP globally is nearing 400%. It means everything is overvalued, including land and equities. How are governments going to get through this? It's either austerity or by printing. What do you want to own in that situation?
Click to expand...

I have heard the "we are failing, buy gold" commercials since the 80s.

Gold at least has other value, it is used in electronics, and some people like it for teeth, and other uses. But the silly little file on your computer, what other value does it have?
 
Marvin the Martian said:
I have heard the "we are failing, buy gold" commercials since the 80s.
Click to expand...
You're thinking of this wrong. It just means were in a prolonged period where scarce assets become more desirable because other assets have become overvalued and governments have too much debt. People want to diversity away from other assets and also think bonds are sh#t. I tend to agree with those people. I don't think the world falls apart and were all transacting in gold and guns.
Marvin the Martian said:
Gold at least has other value, it is used in electronics, and some people like it for teeth, and other uses. But the silly little file on your computer, what other value does it have?
Click to expand...
Once again, no worries if you don't like Bitcoin. The market will decide its value.
 
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snarlcakes said:
I've been b#tching about the debt for too many years to count. The post is what I think is going to happen because politicians refuse to stop spending. Also, the deficit spending continues to be approved by Congress. Whether its the GOP or Democrats they all continue doing it. Also, were not getting hyperinflation, just elevated inflation like Covid if they have to print.
Click to expand...
No bid Treasuries and falling currency is how you quickly end up in loony tune land.
 
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toastedbread said:
No bid Treasuries and falling currency is how you quickly end up in loony tune land.
Click to expand...

I agree, but this is the main cause of it.



I think if sh#t hits the fan they'll either have the FED step in or change regulations that allows banks to buy endlessly.
 
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Marvin the Martian said:
I have heard the "we are failing, buy gold" commercials since the 80s.

Gold at least has other value, it is used in electronics, and some people like it for teeth, and other uses. But the silly little file on your computer, what other value does it have?
Click to expand...
Did you buy gold when you were warned?
 
snarlcakes said:
I agree, but this is the main cause of it.

[MEDIAitter]1910479456923508930[/MEDIA]

I think if sh#t hits the fan they'll have either the FED step in or change regulations that allows banks to buy endlessly.
Click to expand...
Which DC lobbyist is paying literally every member of Congress, many of them in multiples of their Congressional salaries?
 
Mas-sa-suta said:
40 years ago;
Gold average price $317.42 t.

Silver average price $6.15 t.

Gold 4/25. $3142.00 t.

Silver 4/25. $32.02

'They' may have had a clue.
Click to expand...


Gold didn't even keep up with investing in 10 year govt bonds over the last 40 years. Sounds like Marv chose wisely.

40 years. $10k initial investment

Value today:

Gold: $92k

10 year US Treasury: $111k

SP500: $699k




Over same period gold has been just as volatile as the stock market (Standard deviation both approx 15%, max drawdowns of 50%).

High volatility / low returns = terrible investment.
 
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twenty02 said:
Gold didn't even keep up with investing in 10 year govt bonds over the last 40 years. Sounds like Marv chose wisely.

40 years. $10k initial investment

Value today:

Gold: $92k

10 year US Treasury: $111k

SP500: $699k




Over same period gold has been just as volatile as the stock market (Standard deviation both approx 15%, max drawdowns of 50%).

High volatility / low returns = terrible investment.
Click to expand...

So, @bailey777 is in gold. Got it.
 
twenty02 said:
Gold didn't even keep up with investing in 10 year govt bonds over the last 40 years. Sounds like Marv chose wisely.

40 years. $10k initial investment

Value today:

Gold: $92k

10 year US Treasury: $111k

SP500: $699k




Over same period gold has been just as volatile as the stock market (Standard deviation both approx 15%, max drawdowns of 50%).

High volatility / low returns = terrible investment.
Click to expand...
There are times you should diversify and buy gold. There times you sell gold. The past 5 years gold has performed well and has done extremely well the last 18 months. In times of uncertainty and high debt, gold can a really good investment. No, I don't own any and a lot goldbugs annoy the shit out of me.
 
snarlcakes said:
There are times you should diversify and buy gold. There times you sell gold. The past 5 years gold has performed well and has done extremely well the last 18 months. In times of uncertainty and high debt, gold can a really good investment. No, I don't own any and a lot goldbugs annoy the shit out of me.
Click to expand...
I went into metals beginning mid-March , 2023, purchased weekly through June.
Using cost averaging as a base, Gold has appreciated 63% as of today . Silver is at 28%, down from 36%.
Silver has been more volatile.
 
UncleMark said:
Okay, what's a SPY call, specifically?
Click to expand...

A call option on the SP500 index.

A call option pays off if the underlying security goes up in value. It's a leverage play. Control a lot of shares for very little cash.

Very short dated options (meaning options that expire soon) are kind of like lottery tickets. Small costs but if they hit, big payoff.
 
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