It already has. We are living in the Matrix. You can take the red pill but I’m taking the blue pill and staying here with our NC.
new ATH
- Thread starter Quincy A. Wagstaff
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It already has. We are living in the Matrix. You can take the red pill but I’m taking the blue pill and staying here with our NC.
This is the truth. The only other thing to add is that if corporations or individuals start borrowing money at increased levels, that's how the Fed Balance sheet will lead to inflation. A good example right now is real estate. The Fed has been buying MBS notes like crazy to help fuel this housing boom.
Unfortunately, somehow, our idiotic government doesn't really consider home prices (the biggest piece of everyone's budget) in CPI inflation. They do this stupid crap called "owner's equivalent of rent." It was someone's idea in the early 80's to help stem inflation numbers.
https://wolfstreet.com/2021/03/11/house-price-inflation-in-cpi-is-of-course-baloney-but-it-accounts-for-1-4-of-total-cpi/
So when you hear about "transitory inflation", like it's no big deal, just know that if you are in Austin Texas or Boise Idaho, you will pay 35% and 41% more respectively for a home today than you would have a year ago. Nothing to see here.***
http://www.homebuyinginstitute.com/news/5-markets-where-prices-are-skyrocketing/
Always own some real estate as an inflation hedge.
Unfortunately, somehow, our idiotic government doesn't really consider home prices (the biggest piece of everyone's budget) in CPI inflation. They do this stupid crap called "owner's equivalent of rent." It was someone's idea in the early 80's to help stem inflation numbers.
https://wolfstreet.com/2021/03/11/house-price-inflation-in-cpi-is-of-course-baloney-but-it-accounts-for-1-4-of-total-cpi/
So when you hear about "transitory inflation", like it's no big deal, just know that if you are in Austin Texas or Boise Idaho, you will pay 35% and 41% more respectively for a home today than you would have a year ago. Nothing to see here.***
http://www.homebuyinginstitute.com/news/5-markets-where-prices-are-skyrocketing/
Always own some real estate as an inflation hedge.
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Interesting tidbit:
Our current treasury secretary got around 7 million USD last couple of years in speaking fees for doing Zoom talks, largely paid by big banks.
https://www.google.com/amp/s/www.fo...ion-in-speaking-fees-over-last-two-years/amp/
Our current treasury secretary got around 7 million USD last couple of years in speaking fees for doing Zoom talks, largely paid by big banks.
https://www.google.com/amp/s/www.fo...ion-in-speaking-fees-over-last-two-years/amp/
Since this thread was opened back up I’d like to point out that it’s out of date. The Fed balance sheet has hit a new ATH: $8.257159 trillion.
The Fed is like Mark McGwire. Breaks a record, then breaks it again. And again.
The Fed is like Mark McGwire. Breaks a record, then breaks it again. And again.
And what's wild is it could double from here and we would still be in better shape than Europe. We'd have to quadruple it to match Japan... Asset inflation is the long term trend.
And on it goes. #Fed balance sheet hit fresh new high as Powell keeps printing press roaring in face of rising inflation. Total assets rose by $22.1 bln to $8.257 trillion on QE. Fed balance sheet now equal to 36.4% of US's GDP vs ECB's 78% or BoJ's 133%. pic.twitter.com/YCcc3HelSq— The Trend Letter (@TheTrendLetter) August 13, 2021
And on it goes. #Fed balance sheet hit fresh new high as Powell keeps printing press roaring in face of rising inflation. Total assets rose by $22.1 bln to $8.257 trillion on QE. Fed balance sheet now equal to 36.4% of US's GDP vs ECB's 78% or BoJ's 133%. pic.twitter.com/YCcc3HelSq— The Trend Letter (@TheTrendLetter) August 13, 2021
Fed may not hit $10T by EOY, but it’s not impossible.
#Fed balance sheet expansion continues. Total assets rose by another $16.4bn to hit a record at $8.35tn as Powell keeps printing press rumbling. Balance sheet now equal to 37% of US's GDP vs #ECB's 80% and BoJ's 133%. pic.twitter.com/euG4j9nyO7— Holger Zschaepitz (@Schuldensuehner) September 3, 2021
#Fed balance sheet expansion continues. Total assets rose by another $16.4bn to hit a record at $8.35tn as Powell keeps printing press rumbling. Balance sheet now equal to 37% of US's GDP vs #ECB's 80% and BoJ's 133%. pic.twitter.com/euG4j9nyO7— Holger Zschaepitz (@Schuldensuehner) September 3, 2021
Helping some of you out. Sense I’m recession proof & pandemic proof. JoeLee has good info too(as usual).
My take.. Usually after high inflation comes a recession.
What we see now though from our American government. The FED just keeps printing. Like literally, it printed its self out of this recession we are in now(it would have been way worse & might still be). Edit: COVID caused recession.
I really feel like, & I could be wrong. If we stop printing, stuff falls apart. Taxes automatically go up for starters…
My advice? Require hard assets: gold, silver, guns, house, vehicles etc. Bitcoin is the best hard asset if you know what you are doing. This is because, IF you again, know what you are doing. Safe storage & untraceable money. At this point, BTC & ETH will be the only winners.
Anyways. We are on track for a Weimar Republic inflation crisis if something goes nuclear bad. Japan & China hold most of our debt, a few others as well. We all need each other. As you all have seen, rocking the boat from the major players means EVERYONE suffers.
Edit: kinda common sense on inflation hedge but w/e, money is money
My take.. Usually after high inflation comes a recession.
What we see now though from our American government. The FED just keeps printing. Like literally, it printed its self out of this recession we are in now(it would have been way worse & might still be). Edit: COVID caused recession.
I really feel like, & I could be wrong. If we stop printing, stuff falls apart. Taxes automatically go up for starters…
My advice? Require hard assets: gold, silver, guns, house, vehicles etc. Bitcoin is the best hard asset if you know what you are doing. This is because, IF you again, know what you are doing. Safe storage & untraceable money. At this point, BTC & ETH will be the only winners.
Anyways. We are on track for a Weimar Republic inflation crisis if something goes nuclear bad. Japan & China hold most of our debt, a few others as well. We all need each other. As you all have seen, rocking the boat from the major players means EVERYONE suffers.
Edit: kinda common sense on inflation hedge but w/e, money is money
It’s all Monopoly money. Buy tangible assets now while the paper/digits are worth something. Once it all goes to crap the only valuables will be actual useful “things” that you own. Guns, bullets, LAND, vehicles, boats, houses, etc…
This house of cards is not sustainable. I don’t know when the fall will come. I hope it isn’t in my or my kids’ lifetime, but it is coming.
Our elected officials, on both sides, are incompetent and only in it for the money, and it will lead to our fall.
Really negative post, I know, but it seems to be the inevitable unless drastic change occurs.
This house of cards is not sustainable. I don’t know when the fall will come. I hope it isn’t in my or my kids’ lifetime, but it is coming.
Our elected officials, on both sides, are incompetent and only in it for the money, and it will lead to our fall.
Really negative post, I know, but it seems to be the inevitable unless drastic change occurs.
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What are the off ramps in this scenario? They dont take gold or bitcoin at the grocery store, that isnt money. Not everything you can use to bargain with counts as currency. For now the offramps I can think of are private sale, transferring to a CEX (hoping to sell and withdraw without the account being frozen), buying gift cards online, or transferring to a betting site where you can use it to wager and withdraw. Any other good options right now?
Ethereum is, by the way, the most ineffective currency in human history by a wide margin.
Ethereum is, by the way, the most ineffective currency in human history by a wide margin.
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