As Congress faces it's 29th straight year for failing to pass a "Basic" budget, someone said: You always hear about Social Security running out of money, but you never hear about Welfare running out of money!
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As Congress faces it's 29th straight year for failing to pass a "Basic" budget, someone said: You always hear about Social Security running out of money, but you never hear about Welfare running out of money!
Then I wanna be on Welfare!!!
They are not going to run out of money. They have tons of paper and ink. The problem may be that their money runs out of value. A new 3/4 ton truck is already $100K
The wealthy will be the folks that farm and live off the grid. They already have this years firewood stacked.
A nation cannot tax itself into prosperity.
Theater.
Democrats- We must increase spending to 10 or our democracy is doomed!
Republicans- We must cut spending by 10 or the republic will crumble!
11th hour 'compromise"- increase spending to 8.
Democrat in November- Vote for me. We wanted to spend more but the evil Republicans are trying to kill grandma.
Republican in November- Vote for me! We saved your grandchildren trillions!
Debt goes up, life goes on.
Eddiememphis, you win post of the week! Well stated!
Imagine the chaos if everyone's EBT and Section 8 housing vouchers suddenly dried up...Quote:
Originally Posted by flogger
+1 to that. Debt and inflation goes up. E.g. despite all the promises and the DOGE headling-generating bs, We're still spending more month-over-month currently than we were the prior two years.Quote:
Originally Posted by eddiememphis
Neither side has the interest of future generations at heart, whatsoever. By far and large, both want to rob the cookie jar before the other guy can get all the cookies.
If you own a lot of real estate and/or market investments, the inflation is a long term boon. If you're renting as a wage earning slave, FYL over the coming years/decades.
Politicians usually own a decent amount of real estate, among other investments. Funny.
I disagree.Quote:
Originally Posted by FoxtArt
Inflation is always a negative. It erodes the value of money.
Some assets weather it better than wages or savings. Real estate's real value as an investment is in acting as a hedge against inflation.
Real estate does appreciate, but not at the levels people often believe once you strip out inflation. What we saw during Covid was probably a unique event — unusually high demand combined with trillions of fresh dollars printed during the pandemic.
I think real estate is a great investment and I’ve got a lot of money tied up in it for three reasons: it hedges against inflation, it appreciates over time, and it generates passive rental income. But I’d never call inflation itself a boon to it.
Dollar has depreciated more in the last 6 months than the last 50 years. Gold has appreciated 42% in the last year.
Today the Federal reserve dropped the prime rate 1/4 point.
I'm just wondering what will happen if all the importers of crude oil refuse to trade in US dollars? What if they demand gold? The collapse of the dollar will end the United States.
Link below is handy for the numbers on one page. I don't give a lot of creedence to the editorials. I wish I knew how to program AI to make better investment decisions.
https://www.kitco.com/