That's why memes are making bank. Anyone who got some more substantial reserves and more than two brain cells is getting their hands on anything but dollars. I'm not that savvy in finance, so I ask : will this incoming shitstorm top the petrol shocks in the 70's or, God help us, the '29 crash ?
What's coming isn't a '29 crash. Its a complete destruction of the system.
Both the GA and the Great Reset rely on this destruction of the system.
It's coming, and it's gonna be epic.
Having said that, the destruction of the system might be more of a smooth(ish) transition to a new one than a full on economic apocalypse. Or it might be somewhere in between (my guess/hope?). We shall see.
Economic change is coming, no matter how you slice it, on a scale that those who have not done a serious deep dive can't really imagine. When this is over, nothing will look the way it has looked for the past 150 years. It will be completely different.
People are waking up to all of the things I listed above and no cataclysmic event is happening. Don't get me wrong, people are dying, but its not an "apocalypse" in the sense of destruction but an apocalypse in its original meaning: to uncover, to disclose, to reveal. We are experiencing the apocalypse right now. It is a revelation, not destruction.
Whether or not the economic apocalypse occurs as a cataclysm or a revelation is determined by what it takes for people to see the reality of the current system. If it takes a destruction, then that's what it will take. If it takes just the information getting out, then that also will be an economic apocalypse, i.e. a revelation.
When people see the real issue, they will demand change. The changes are already in the works. GME is creating an asset backed crypto. I believe that is the obvious path out of this mess. It takes all the benefits of Btc and backs it with an asset. It's value then isn't based on the amount of faith that backs it, but the real value of the asset. This creates a stable economy, especially if many of our real assets are put into crypto form, with an infrastructure to trade between the crypto asset and the real asset. This is done almost trivially with the entire stock market at this point. It's also done trivially with precious metals. All of the infrastructure for both of those are in place, or mostly in place. For other assets, similar systems could be set up, for a true barter system.
This means no one can "horde all the gold" and ruin the economy. Because even if there is an intermediary for exchange upon which the economy is based, with crypto barter, it doesn't matter if someone has it all, because the rest of the system transitions trivially to immediate trade of other assets. All that's required is a marketplace large enough to find people that want the trades (barter) that you want that would bypass the intermediary.
With a truly motivated world understanding the real problem, we could have it all fixed (or fixed enough) within a week or two.
Can you tell me more about asset backed crypto’s? Like what kind of assets are we talking about? Stocks? Real Estate? I’d really like to hear how crypto could be backed by a property.
Well, stocks are easy. Stocks can be linked to crypto and traded directly and securely. With non fungable tokens (NFTs), ownership is 100% directly in the hands of the owner, all done without a middleman/broker/bank/etc.. A "Stock market" would then just be some forum or place of listing where someone wants to trade, say, some amount of GM stock for some amount of Ford stock, or for some other physical or cyber asset, even art can be on NFT (in fact art and collectibles are perfectly suited to NFTs).
For precious metals (or any other physical asset) there would need to be an infrastructure (possible public owned?) that would store physical assets and issue a crypto tied to a specific amount of that stored physical asset. If someone wanted to withdraw that physical asset, the crypto would be destroyed (or its link destroyed) and the physical asset would be handed out to the previous owner of the crypto. That works great for PMs since the infrastructure is mostly already there in the form of Banks (which as we know them now will be completely defunct).
This can be done for any asset for which a trading and storing infrastructure can be created. In a way, that type of infrastructure exists in the form of Amazon, with its distribution centers all over the place. Something similar could be done for many assets, even temporary ones (grains e.g.). Not sure about the viability of that, but its at least theoretically possible.
As for real estate? Not sure. I mean you can tie anything to an NFT. And NFT is like a crypto but it has a unique identifier. So the owner of an NFT that is tied to a specific asset like real estate is the owner of that property. Transfer would be as simple as transferring the NFT. You could trade your GM stock for a piece of property for example by trading the GM NFTs for the real estate NFT. All stored digitally, transferred instantly, no middle man. No banks getting a cut. No government spying on the transaction (maybe). Ownership is undeniable as the owner of the NFT.
How secure is it? I'm not sure, but I know that's a big part of it. I need to do some more research into the technology itself, but it holds great promise as an infrastructure.
As for security, I suspect NFT’s would be as secure as anything currently on the blockchain. No?
I would think so. I didn't mean to imply NFT's as a weak point, but blockchain technology in general as potentially less secure than people think. For example, decentralization, which is the heart and soul of blockchain tech is only a valid defense if there isn't tech to de-decentralize a network. It would be naïve to think such tech doesn't exist. The Patriot Act made such tech legal ffs.
I have not done a deep dive into the tech though, so I really don't have any of my own legitimate concerns. I have read articles that suggest it is less secure than people think. The stated secure features of the systems seem to me to be vulnerable to superpowers (governments et al). In truth all tech is insecure, at least until quantum (entangled) authentication is a fundamental part of the infrastructure, and even then, who knows?
Kinesis is one of a few that exist so far, they have a gold-backed token and a silver-backed one and you can take physical delivery if you have the prerequisite minimum number of tokens.
It's looking like DeFi-based systems of finance are definitely in the works. Hopefully they pan out. If people move to those new systems en-masse then there's nothing TPTB will be able to do. The transition would be chaotic, but an honest system without parasites would start flourishing pretty quickly.
No matter what happens, inflation reduces the buying power of that money. It will be worth a lot less in the not too distant future. Transforming what you don't need into real assets is by far the best use of that money. Buy silver, gold, stocks (only certain ones), or land/property, maybe even art or collectibles. Really, you can buy any real asset and you will be better off. Anything that will retain value when the SHTF.
Money as we know it is completely worthless. That will be understood very soon. Any fiat currency (like bitcoin et al) will be worthless as soon as faith is gone, which is a necessary part of what is coming. Look at all the things people are losing faith in:
news
social media
government
all information sources
health care
doctors
pharmaceuticals
stocks
stock market
U. S. economy
World economy
Money is next. People will soon understand what inflation really means, i.e. a hidden tax that decreases the buying power of saved money. It is a tax on money in the bank.
After that they will realize that all fiat currencies are utterly worthless. They will move back to barter, and they will need an intermediary for barter for convenience. That intermediary will have to be a real asset. With a real asset tied to cryptocurrency it can be any real asset that can be easily exchanged with the physical asset itself.
It could be stock in a company, since if its on the blockchain, stock trading can be done instantaneously without any need to create a short or long during ownership transfer. It could be a crypto backed precious metal, since we have institutions that can trade that already. It can basically be anything that has real, intrinsic value.
I'm trying to figure out what to do with my IRA. It's heavy in stocks right now and I think I need to put it in safe bet stuff before the bubble bursts.
My recommendations are GME, DWAC, and Silver or Gold storage. (I am not recommending that site for an IRA, it's just one I have done business with before). I'm not sure about where to store any IRA PMs. I have never done that. Somewhere that's not a bank and/or local might be good.
If I were you, I'd get some of all three. All three are sound investments. DWAC is the most speculative, but still should be a relatively safe bet. I wouldn't put too much in, but I'd do some.
For me personally my investments are about 40% Silver, 40% GME and 20% DWACW.
GME is as solid of a company as they come. Its potential going forward is huge (having nothing to do with any potential short squeeze). I'd register my shares if I were you. You can have them automatically registered if you buy them through computershare (the agent for GME). Alternatively you can buy them through a broker and gift them to yourself at computershare (I can find a link on step by step of that if you are interested). GME is also one of the only companies in the world that isn't majority owned by institutions. It may not actually have any institutional ownership (see Part 1 of my report here).
That's not financial advice as I am not a licensed financial advisor (aka professional thief that you pay to rob you). If it sounds like financial advise, that's because I let my monkey jump on the keyboard and that's what came out.
I'd like to pull it all out but gotta pay the penalties and then lose out on my employers 3% match (if I completely got out of the IRA scheme). Even at the most modest return alone, I'm still slightly ahead of normal inflation. I just want to protect it as best as I can.
I stopped by the coin shop today and the stock of silver has been declining for three weeks in a row now. Also there was an old man who was talking to one of the staff about the debacle the vax mandates were playing on the airlines and his theories on shit hitting the fan in February (unsure why he predicted that month.)
We just had a big "raid" Nov 5 on wallstreetsilver. Interesting thing happened on Wednesday 600 million oz of paper silver were sold,and the price still rose for the day. That is one years silver production. Anytime they did that beforethe price tanked several dollers.
I was a futures trader. The main reasons for equity markets trading at the levels they are at now are:
QE keeping interest rates artificially depressed, leading to: a) corporations buying back their own shares as a means to ensure cheap money available to them in the future, when interest rates climb -- they just release their own shares back into the markets, and, b) low interest rates have allowed institutional traders to place massive bets on margin, with little of their own capital at risk.
Lax rules at the major exchanges allowing trading of outstanding shares many, many multiples of amounts greater than are physically available.
Advent of ETFs, with no regulation. Index ETFs have to allocate their holdings in exact proportion to the balancing in the actual indexes...S&P, Dow, NASDAQ, etc. This creates a demand for stocks that normally are dogs and aren't worth owning, driving prices even further. Also, as in 2) above, these ETFs are holding shares that aren't even available for ownership, because there aren't physical numbers of those shares in existence.
The situation in the equity markets is much, much worse than the media, brokers, and banks are letting on. This has gone so much further than reasonable trading that it can only be criminal.
Based upon my analysis of the markets, they are overvalued by a factor of at least two, and I'm only talking about the indexes. That means the Dow, under the current financials and government data, should be trading in the range of 15 to 17,000. The FAANG stocks? They are so ridiculously overvalued it's now impossible to put a correct valuation on them.
This crash has been coming for some time. It's part of the reason why they played the Covid card. The two combined will usher in the Great Reset (evil reset), unless the white hats are able to flip the script. Maybe the crash is what the white hats are waiting on.
It's all a massive crap show. Pretty much every market is clown world at the moment.
Real estate is a bit of a tricky one though, since it varies based on the sector. SFR are up yes, but that's kind of normal since interest rates are so low, meaning more people are able to qualify for loans and thus buy a home. Likewise, Millennials are reaching home buying age, which is also driving up price. So SFRs are probably slightly inflated, but not as much as you'd think when you consider all the factors.
Hospitality is WAY down because it's still recovering from last year. Retail, despite what the media would have you believe, is actually roughly the same as it was pre-pandemic. Multifamily basically never changed, it remained steady through the pandemic despite all the fear mongering, and it just stayed on track. So it's not really inflated at all beyond the "normal cabal inflation". Office is actually rebounding pretty well considering last year. Co-working and flex office space is becoming really popular for hybrid work from home set ups as well as start ups and small businesses. That's driving office space back into the forefront. It's not really inflated, it's just more in demand. The actual price has actually remained pretty steady, it's just more building owners are renovating to answer demand for non traditional office space, hence the slight increase in price and rent since most of these buildings are newly renovated.
Industrial is the weird one. There's a MASSIVE demand for industrial right now, so it should be inflated, but at the same time, because of the overwhelming demand, the competition is remaining competitive and keeping pricing and cap rates in line with one another.
Then there's all of the "alternative" sectors. Farmland is going up, but that's normal, since Farmland is the one asset that never goes down. It's basically THE safest investment you can make. Data centers are up, but I'm not very familiar with them so I won't comment much. Healthcare real estate is basically crashing since hospitals and medical offices are closing due to rejecting patients that won't take the jab, so that's probably the most hit sector.
Basically, what I'm trying to say is, real estate is a little crazy, but it's still pretty "normal" all things considered. SFR are really the only easily accessible real estate asset currently affected by everything, and even then it's pretty negligible if you're buying with the intention to rent it out rather than live there. SFRs are treated differently than main residences for valuation purposes. The value of a SFR comes from the cash flow, so as long as you cashflow, your property value doesn't really go down. That's how people actually saw properties increase in value during the 2008 recession. Their rental properties actually increased in value, rather than crash like everything else, because they cash flowed.
That being said, this is all looking at thing from a long term investment horizon (since that's how I tend to look at investments). Short-medium term investors that intend to go for value add "rehab" properties and flip them are probably screwed by this a lot more since there are basically zero good deals for value add properties on the market right now.
I'm a stacker, with that said, precious metals don't typically soar during these events for some reason. I added 10,000 PSLV shares earlier today. Guess we will see what happens.
I'm still not a fan of not holding the silver in my own vault, but this a "play around" old rollover IRA that I'm ok gambling with. I'm not a fan of precious metal IRAs. If a SHTF happens, and it will, you aren't getting that gold or silver. I'm bullish on the miners and PSLV follows a 3/1 ratio with the spot price, typically. When a real crash happens, food, ammo, clean water, and skills will be all that matters.
The only proven way to stifle inflation? Reagan used it...yep, raise interest rates. It worked then and it is their only tool. Rates will go as high as 15%, they did in the eighties and don't say it can't happen again, it will. Take away---if you gotta finance something soon like a car or house get it now and at a fixed rate.
Gotcha beat, 98 epedition with about 290,000 miles. It gets looks too cause it's a rust bucket. Still runs strong , cause I do all maintenance myself. Local county fair two years ago. Ford dealer had all the great looking trucks out, I showed my wife the one I would buy and then saw the price tag, about 70 grand. I too want/need one bad but will NOT pay that price. Maybe the art of automobile body work is another hobby I will hafta pick up.
That's why memes are making bank. Anyone who got some more substantial reserves and more than two brain cells is getting their hands on anything but dollars. I'm not that savvy in finance, so I ask : will this incoming shitstorm top the petrol shocks in the 70's or, God help us, the '29 crash ?
What's coming isn't a '29 crash. Its a complete destruction of the system.
Both the GA and the Great Reset rely on this destruction of the system.
It's coming, and it's gonna be epic.
Having said that, the destruction of the system might be more of a smooth(ish) transition to a new one than a full on economic apocalypse. Or it might be somewhere in between (my guess/hope?). We shall see.
Economic change is coming, no matter how you slice it, on a scale that those who have not done a serious deep dive can't really imagine. When this is over, nothing will look the way it has looked for the past 150 years. It will be completely different.
I’m a Wall Street fag and I don’t see how it could be smooth to get off of the current system.
People are waking up to all of the things I listed above and no cataclysmic event is happening. Don't get me wrong, people are dying, but its not an "apocalypse" in the sense of destruction but an apocalypse in its original meaning: to uncover, to disclose, to reveal. We are experiencing the apocalypse right now. It is a revelation, not destruction.
Whether or not the economic apocalypse occurs as a cataclysm or a revelation is determined by what it takes for people to see the reality of the current system. If it takes a destruction, then that's what it will take. If it takes just the information getting out, then that also will be an economic apocalypse, i.e. a revelation.
When people see the real issue, they will demand change. The changes are already in the works. GME is creating an asset backed crypto. I believe that is the obvious path out of this mess. It takes all the benefits of Btc and backs it with an asset. It's value then isn't based on the amount of faith that backs it, but the real value of the asset. This creates a stable economy, especially if many of our real assets are put into crypto form, with an infrastructure to trade between the crypto asset and the real asset. This is done almost trivially with the entire stock market at this point. It's also done trivially with precious metals. All of the infrastructure for both of those are in place, or mostly in place. For other assets, similar systems could be set up, for a true barter system.
This means no one can "horde all the gold" and ruin the economy. Because even if there is an intermediary for exchange upon which the economy is based, with crypto barter, it doesn't matter if someone has it all, because the rest of the system transitions trivially to immediate trade of other assets. All that's required is a marketplace large enough to find people that want the trades (barter) that you want that would bypass the intermediary.
With a truly motivated world understanding the real problem, we could have it all fixed (or fixed enough) within a week or two.
Can you tell me more about asset backed crypto’s? Like what kind of assets are we talking about? Stocks? Real Estate? I’d really like to hear how crypto could be backed by a property.
Well, stocks are easy. Stocks can be linked to crypto and traded directly and securely. With non fungable tokens (NFTs), ownership is 100% directly in the hands of the owner, all done without a middleman/broker/bank/etc.. A "Stock market" would then just be some forum or place of listing where someone wants to trade, say, some amount of GM stock for some amount of Ford stock, or for some other physical or cyber asset, even art can be on NFT (in fact art and collectibles are perfectly suited to NFTs).
For precious metals (or any other physical asset) there would need to be an infrastructure (possible public owned?) that would store physical assets and issue a crypto tied to a specific amount of that stored physical asset. If someone wanted to withdraw that physical asset, the crypto would be destroyed (or its link destroyed) and the physical asset would be handed out to the previous owner of the crypto. That works great for PMs since the infrastructure is mostly already there in the form of Banks (which as we know them now will be completely defunct).
This can be done for any asset for which a trading and storing infrastructure can be created. In a way, that type of infrastructure exists in the form of Amazon, with its distribution centers all over the place. Something similar could be done for many assets, even temporary ones (grains e.g.). Not sure about the viability of that, but its at least theoretically possible.
As for real estate? Not sure. I mean you can tie anything to an NFT. And NFT is like a crypto but it has a unique identifier. So the owner of an NFT that is tied to a specific asset like real estate is the owner of that property. Transfer would be as simple as transferring the NFT. You could trade your GM stock for a piece of property for example by trading the GM NFTs for the real estate NFT. All stored digitally, transferred instantly, no middle man. No banks getting a cut. No government spying on the transaction (maybe). Ownership is undeniable as the owner of the NFT.
How secure is it? I'm not sure, but I know that's a big part of it. I need to do some more research into the technology itself, but it holds great promise as an infrastructure.
Are you saying my collection of rare Pepe memes might be worth more than Bitcoin? Excellent!
In all seriousness, it does sound like NFT’s are the key (along with a market place). I need to do some more research on NFT’s.
As for security, I suspect NFT’s would be as secure as anything currently on the blockchain. No?
I would think so. I didn't mean to imply NFT's as a weak point, but blockchain technology in general as potentially less secure than people think. For example, decentralization, which is the heart and soul of blockchain tech is only a valid defense if there isn't tech to de-decentralize a network. It would be naïve to think such tech doesn't exist. The Patriot Act made such tech legal ffs.
I have not done a deep dive into the tech though, so I really don't have any of my own legitimate concerns. I have read articles that suggest it is less secure than people think. The stated secure features of the systems seem to me to be vulnerable to superpowers (governments et al). In truth all tech is insecure, at least until quantum (entangled) authentication is a fundamental part of the infrastructure, and even then, who knows?
Kinesis is one of a few that exist so far, they have a gold-backed token and a silver-backed one and you can take physical delivery if you have the prerequisite minimum number of tokens.
It's a start, it has potential, but the infrastructure isn't there yet.
It's looking like DeFi-based systems of finance are definitely in the works. Hopefully they pan out. If people move to those new systems en-masse then there's nothing TPTB will be able to do. The transition would be chaotic, but an honest system without parasites would start flourishing pretty quickly.
No matter what happens, inflation reduces the buying power of that money. It will be worth a lot less in the not too distant future. Transforming what you don't need into real assets is by far the best use of that money. Buy silver, gold, stocks (only certain ones), or land/property, maybe even art or collectibles. Really, you can buy any real asset and you will be better off. Anything that will retain value when the SHTF.
Money as we know it is completely worthless. That will be understood very soon. Any fiat currency (like bitcoin et al) will be worthless as soon as faith is gone, which is a necessary part of what is coming. Look at all the things people are losing faith in:
Money is next. People will soon understand what inflation really means, i.e. a hidden tax that decreases the buying power of saved money. It is a tax on money in the bank.
After that they will realize that all fiat currencies are utterly worthless. They will move back to barter, and they will need an intermediary for barter for convenience. That intermediary will have to be a real asset. With a real asset tied to cryptocurrency it can be any real asset that can be easily exchanged with the physical asset itself.
It could be stock in a company, since if its on the blockchain, stock trading can be done instantaneously without any need to create a short or long during ownership transfer. It could be a crypto backed precious metal, since we have institutions that can trade that already. It can basically be anything that has real, intrinsic value.
I'm trying to figure out what to do with my IRA. It's heavy in stocks right now and I think I need to put it in safe bet stuff before the bubble bursts.
My recommendations are GME, DWAC, and Silver or Gold storage. (I am not recommending that site for an IRA, it's just one I have done business with before). I'm not sure about where to store any IRA PMs. I have never done that. Somewhere that's not a bank and/or local might be good.
If I were you, I'd get some of all three. All three are sound investments. DWAC is the most speculative, but still should be a relatively safe bet. I wouldn't put too much in, but I'd do some.
For me personally my investments are about 40% Silver, 40% GME and 20% DWACW.
GME is as solid of a company as they come. Its potential going forward is huge (having nothing to do with any potential short squeeze). I'd register my shares if I were you. You can have them automatically registered if you buy them through computershare (the agent for GME). Alternatively you can buy them through a broker and gift them to yourself at computershare (I can find a link on step by step of that if you are interested). GME is also one of the only companies in the world that isn't majority owned by institutions. It may not actually have any institutional ownership (see Part 1 of my report here).
That's not financial advice as I am not a licensed financial advisor (aka professional thief that you pay to rob you). If it sounds like financial advise, that's because I let my monkey jump on the keyboard and that's what came out.
Damn man, reading some of the replies, you almost have a cult following after that post.
I wonder how they would feel if they knew you were a Q follower.
Some of those plebbits already had a minor freakout months ago at the thought that there are "Qanon" among them.
Part 2, if I can ever finish it, is going to destroy reddit.
I'd like to pull it all out but gotta pay the penalties and then lose out on my employers 3% match (if I completely got out of the IRA scheme). Even at the most modest return alone, I'm still slightly ahead of normal inflation. I just want to protect it as best as I can.
You can sometimes borrow from your 401k. I did that and put it into gme and silver.
Buy silver or gold now and you don't have to worry.
I stopped by the coin shop today and the stock of silver has been declining for three weeks in a row now. Also there was an old man who was talking to one of the staff about the debacle the vax mandates were playing on the airlines and his theories on shit hitting the fan in February (unsure why he predicted that month.)
We just had a big "raid" Nov 5 on wallstreetsilver. Interesting thing happened on Wednesday 600 million oz of paper silver were sold,and the price still rose for the day. That is one years silver production. Anytime they did that beforethe price tanked several dollers.
Let's "GET'ER DONE" already!!
I was a futures trader. The main reasons for equity markets trading at the levels they are at now are:
QE keeping interest rates artificially depressed, leading to: a) corporations buying back their own shares as a means to ensure cheap money available to them in the future, when interest rates climb -- they just release their own shares back into the markets, and, b) low interest rates have allowed institutional traders to place massive bets on margin, with little of their own capital at risk.
Lax rules at the major exchanges allowing trading of outstanding shares many, many multiples of amounts greater than are physically available.
Advent of ETFs, with no regulation. Index ETFs have to allocate their holdings in exact proportion to the balancing in the actual indexes...S&P, Dow, NASDAQ, etc. This creates a demand for stocks that normally are dogs and aren't worth owning, driving prices even further. Also, as in 2) above, these ETFs are holding shares that aren't even available for ownership, because there aren't physical numbers of those shares in existence.
The situation in the equity markets is much, much worse than the media, brokers, and banks are letting on. This has gone so much further than reasonable trading that it can only be criminal.
Based upon my analysis of the markets, they are overvalued by a factor of at least two, and I'm only talking about the indexes. That means the Dow, under the current financials and government data, should be trading in the range of 15 to 17,000. The FAANG stocks? They are so ridiculously overvalued it's now impossible to put a correct valuation on them.
This crash has been coming for some time. It's part of the reason why they played the Covid card. The two combined will usher in the Great Reset (evil reset), unless the white hats are able to flip the script. Maybe the crash is what the white hats are waiting on.
It's all a massive crap show. Pretty much every market is clown world at the moment.
Real estate is a bit of a tricky one though, since it varies based on the sector. SFR are up yes, but that's kind of normal since interest rates are so low, meaning more people are able to qualify for loans and thus buy a home. Likewise, Millennials are reaching home buying age, which is also driving up price. So SFRs are probably slightly inflated, but not as much as you'd think when you consider all the factors.
Hospitality is WAY down because it's still recovering from last year. Retail, despite what the media would have you believe, is actually roughly the same as it was pre-pandemic. Multifamily basically never changed, it remained steady through the pandemic despite all the fear mongering, and it just stayed on track. So it's not really inflated at all beyond the "normal cabal inflation". Office is actually rebounding pretty well considering last year. Co-working and flex office space is becoming really popular for hybrid work from home set ups as well as start ups and small businesses. That's driving office space back into the forefront. It's not really inflated, it's just more in demand. The actual price has actually remained pretty steady, it's just more building owners are renovating to answer demand for non traditional office space, hence the slight increase in price and rent since most of these buildings are newly renovated.
Industrial is the weird one. There's a MASSIVE demand for industrial right now, so it should be inflated, but at the same time, because of the overwhelming demand, the competition is remaining competitive and keeping pricing and cap rates in line with one another.
Then there's all of the "alternative" sectors. Farmland is going up, but that's normal, since Farmland is the one asset that never goes down. It's basically THE safest investment you can make. Data centers are up, but I'm not very familiar with them so I won't comment much. Healthcare real estate is basically crashing since hospitals and medical offices are closing due to rejecting patients that won't take the jab, so that's probably the most hit sector.
Basically, what I'm trying to say is, real estate is a little crazy, but it's still pretty "normal" all things considered. SFR are really the only easily accessible real estate asset currently affected by everything, and even then it's pretty negligible if you're buying with the intention to rent it out rather than live there. SFRs are treated differently than main residences for valuation purposes. The value of a SFR comes from the cash flow, so as long as you cashflow, your property value doesn't really go down. That's how people actually saw properties increase in value during the 2008 recession. Their rental properties actually increased in value, rather than crash like everything else, because they cash flowed.
That being said, this is all looking at thing from a long term investment horizon (since that's how I tend to look at investments). Short-medium term investors that intend to go for value add "rehab" properties and flip them are probably screwed by this a lot more since there are basically zero good deals for value add properties on the market right now.
I'm a stacker, with that said, precious metals don't typically soar during these events for some reason. I added 10,000 PSLV shares earlier today. Guess we will see what happens.
I'm still not a fan of not holding the silver in my own vault, but this a "play around" old rollover IRA that I'm ok gambling with. I'm not a fan of precious metal IRAs. If a SHTF happens, and it will, you aren't getting that gold or silver. I'm bullish on the miners and PSLV follows a 3/1 ratio with the spot price, typically. When a real crash happens, food, ammo, clean water, and skills will be all that matters.
Hate to say this time is different, but I think this time is different.
Property and PM’s are all that I can trust right now.
Neither are going any where. Everything else can vanish, or in the case of sticks be chopped in half five times.
I flipped to back of the econ prep book for the answer.
I’m a loader at lowes. I can’t wait to see this bull shit.
Invest in Bitcoin, Ethereum, Physical Precious Metals, or Real Estate
We can see it coming but normies think we are crazy.
Get rid of your cash!
I understood some of those words.
There are only two modes to this clown car - Insane and Crash.
Its all by design, its going to be glorious.
BTW, the tapering story they gave us is fake. They only reduced the monthly minimum asset purchase not the actual purchase.
I'm holding mine!
The only proven way to stifle inflation? Reagan used it...yep, raise interest rates. It worked then and it is their only tool. Rates will go as high as 15%, they did in the eighties and don't say it can't happen again, it will. Take away---if you gotta finance something soon like a car or house get it now and at a fixed rate.
Gotcha beat, 98 epedition with about 290,000 miles. It gets looks too cause it's a rust bucket. Still runs strong , cause I do all maintenance myself. Local county fair two years ago. Ford dealer had all the great looking trucks out, I showed my wife the one I would buy and then saw the price tag, about 70 grand. I too want/need one bad but will NOT pay that price. Maybe the art of automobile body work is another hobby I will hafta pick up.
Way more than 5 years, it's started with Obama.