Positioning for the Great Reset

Discussion in 'Business, Investing & Finance' started by Concrete Helmet, Nov 24, 2020.

  1. Concrete Helmet

    Concrete Helmet Hook, Line, and Sinker
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  2. FireFoley

    FireFoley Senior Member
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    • Concrete Helmet

      Concrete Helmet Hook, Line, and Sinker
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      Spot on. Not only will tax rates keep climbing robbing people who invested a lot of their 401/IRA at single or lower double digit rates only to be paid out at 20-25% or higher rates especially if you take it in a larger shares along with selling off investment property and such....the other thing that will happen is "others" who were too lazy or bad planners will also "benefit" from your shares if you know what I mean.....Defund SS....NO problem they got your money to give out.
       
    • Concrete Helmet

      Concrete Helmet Hook, Line, and Sinker
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      Anyone else wondering why BTC can't get back above 40-42K or drop down to 5-10k again....or why silver stays in a price channel between $25-27 an ounce when it's demand is so high as a "greenification" industrial metal and it's all time high was 40 years ago at $50 an ounce when there was almost no demand...How about why Gold can't break $1,900 an ounce when all of the mined gold in the world wouldn't even quite fill 3 Olympic swimming pools AND it's getting harder to mine?

      Anyone?
       
    • FireFoley

      FireFoley Senior Member
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      I won't opine on any crypto as I do not delve into that area, but I think it might be a reason why gold/silver etc. just sit. I actually said to myself a few days ago that gold just never ever seems to move but it did have it's biggest move in a long time on Friday. But I think it is just the advent of a newer group of people and items to place their attention on. They see these crypto thingies as inflation hedges (I don;t understand it) and base metals as old and stodgy. It is kind of like all the talk of buy now pay later firms springing up and going public. This idea and companies have been around forever, but all of sudden it is going to be a savior. Just people given the opportunity to spend even more money they don't have. I think it comes down to investing which to most does not exist anymore. It is quick and fast so they need movement. Please don;t get me wrong by investing I don;t mean buy something or short something and never look at it. I look at my stuff everyday and I make changes all the time, but looking at things that the so called quick buck guys look at, I am looking at stodgy stuff. But I will tell you that if you are willing to put in the time and some work, there is stuff out there that will give you nice returns if you can be patient.
       
      • BMF

        BMF Bad Mother....
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        BTC broke $43k yesterday.....
         
      • Concrete Helmet

        Concrete Helmet Hook, Line, and Sinker
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        Until the next government scare tactic.....
         
      • Concrete Helmet

        Concrete Helmet Hook, Line, and Sinker
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        I guess my point is unless someone is manipulating these prices there is no sound reason being where inflation is right now. Especially silver due to the new green deal infrastructure and EV, electronics, solar panels and battery use. There just is no way it should not be in the $75-100 range.
         
      • BMF

        BMF Bad Mother....
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        BTC just broke $44k.....
         
      • Concrete Helmet

        Concrete Helmet Hook, Line, and Sinker
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        Just wait til monday when she finds out....
        [​IMG]
         
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        • BMF

          BMF Bad Mother....
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          I'm just ready for her to implement her "wealth tax" on those evil "rich people"!! (then of course it trickles down to the rest of us)....
           
          • BMF

            BMF Bad Mother....
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            Gold Tumbles With Silver as ‘Panic’ Selling Grips Asian Open
             
          • FireFoley

            FireFoley Senior Member
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          • BMF

            BMF Bad Mother....
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            How do these lenders protect themselves? I get it that it's a bad deal in the long run for the borrower - but what happens to the lender when the "younger buyer" defaults? With credit cards (which is the exact same thing as "buy now/pay later") the lender can go after the borrower one way or another. But how does this work?
             
          • FireFoley

            FireFoley Senior Member
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            It is almost like a Ponzi scheme or a circle jerk. it mentioned in the article that it used to be only bigger ticket items like furniture, appliances etc. Ads on TV all the time no money down no interest for years and years. But even then the retailer would get money from one of these buy now pay later places and the hope was the poor schnooks would forget to pay anything and years later the interest goes back to Day 1 and now they are fvvkked. But now that it is for much smaller purchases and these tech geniuses think they have all the AI and their % of misses is going to be very low. Well if the economy turns then what? The lender just has to get in line with other creditors if the purchaser defaults and/or sell the bad debt to a collection agency. what I see happening mostly is that the debtor will shift the balance to a credit card (high interest rate of course), lender gets paid and then the CC company keeps the interest clicking until finally settling with the holder for 14 cents on the dollar and taking the card away. Then the same shnook goes and gets another CC from another bank or company. See the circle jerk
             
          • Concrete Helmet

            Concrete Helmet Hook, Line, and Sinker
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            Had to circle back to this. Think for a minute how bad the rest of the worlds economy must be(nevermind our own)when they would trade gold for the US dollar that is at a -12%(real consumer inflation in the US) and at a minimum of -6%(reported government inflation) Does anyone think that would really happen??? It's being manipulated(futures contracts) to keep the dollar from collapsing....oh and don't worry Bitcoin, they going to send in their Hedgies to control that too....better get familiar with Blackrocks menu of financial investment choices...
             
          • Concrete Helmet

            Concrete Helmet Hook, Line, and Sinker
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            Not sure if you've noticed some reports from June-July that show CC balances soaring to near all time highs again after dropping below average for the last half of 2020 and first 4 or 5 months of 2021....I'm thinking it could be a combination of less benefits and also people going back to work(expenses like gas, lunch and coffee, new clothes). Oh btw margin debt in the SM is at an all time high too. We're on a slippery slope anyway you cut it and with a lot of homeowners maxxed out on home equity loans all it will take will be a small downturn in prices for lenders to "lock" those HELOCS like they did in 2008-2010 and a sh!t storm will follow....Some lenders already have closed the equity loan products and many others like our biggest client has limited them to a high equity holding customer(mostly free and clear).
             
          • jereed16

            jereed16 Senior Member

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            You're asking for advice here? You deserve what you get. Go hire a fee only advisor with a fiduciary commitment.
             
          • bradgator2

            bradgator2 Rioting
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          • Concrete Helmet

            Concrete Helmet Hook, Line, and Sinker
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            Yeah I have one that handles about half of my(our) dedicated retirement/investment holdings outside RE....He does a great job at not losing our PSP and some other low level sh!t...he's a solid 6-8%.....meanwhile I'm around 17-18% with "my money"....
             

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