1,000,000 Post Thread

[Iggy McLulz]

My dad's side had 401k bank accounts and cash in drawers

 

[Frood]

Investments won't matter soon... they're just Ponzi schemes.

 

[Iggy McLulz]

even stocks?

 

[Frood]

Manipulated like sports betting...

 

[Iggy McLulz]

ugh.

 

[Frood]

If you can't hold it, you don't own it.

 

[Iggy McLulz]

just like if you don't have it , you shouldn't spend it

 

[Frood]

Pretty much... logic should always prevail...

 

[HeadOn!]

Same with every form of fiat currency. If a government can steal the value of it by just printing more of it non-stop, it's just intrinsically worthless paper.

 

[Frood]

All fiat gets rendered worthless eventually....

 

[Frood]

The US is on the quick path to it now.... the US economic system is in death throes.

 

[HeadOn!]

Best investment was, is, and is likely to remain precious metals.

 

[HeadOn!]

Give it another ten years at most, and that'll have whiskey, cigarettes and bullets as viable competition, 'cause dollars won't be.

 

[Frood]

Hard usable goods, actually.

 

[Joe]

precious metals fell pretty hard today @HeadOn!

 

[Frood]

Shush, Johomo...

 

[Joe]

worse than the stock market which took a major hit today

 

[HeadOn!]

That's to be expected in an active economy. The dollar's decline, however, is steady.

 

[Joe]

well my gold stocks got hammered hard @Frood

 

[HeadOn!]

Day's comin' when a 21st century dollar will be worth less than a 19th century Confederate dollar, just because the Confederate dollar is a rarity.

 

[Joe]

stuff like utilities essentials did well. sogn of a slowing economy & market

 

[Joe]

stuff like utilities essentials did well. sign of a slowing economy & market

 

[Joe]

might not be a dollar soon

 

[HeadOn!]

All the Dixieland Lost Causers sayin' "The Saowth shall rise agin!" have it wrong. It's not that the South shall rise again -- it's that the Union will fall and make way.

 

[Joe]

the us banks recently announced they want to get rid of it or change it with something backed by crypto/stablecoin

 

[Joe]

the us banks recently announced they want to get rid of it or change it with something backed by crypto/stablecoin in 2027

 

[HeadOn!]

I don't see why not. Replacing one pretend unit of currency with another pretend unit of currency doesn't make much real difference.

 

[Joe]

except they want to put more of the burden on the consumers to shoulder all the government debt.

 

[Joe]

that's what that Genius Act was all about.

 

[HeadOn!]

Of course. The parasite will feed until the host dies.