Getbig.com: American Bodybuilding, Fitness and Figure
Getbig Main Boards => Gossip & Opinions => Topic started by: FitnessFrenzy on March 08, 2020, 11:33:53 PM
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this is something that happens once every 10 years or less:
Australian stock market down 7.3 % today
(https://i.postimg.cc/xjPVSPgT/89846906-3605126962893679-7504489256996306944-n.jpg)
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I will also be buying, but not yet
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WTF, how many people in the US have this thing?
The supposed cases in Australia were from a nursing home where one person was 82 YEARS OLD and the other 95 YEARS OLD.
The third person was 78 YEARS OLD
Dead from FAKE CORONA?... or dead from old age and pre-existing condition????
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I will also be buying, but not yet
I plan on doing the same. There will surely be a knock on effect from this crash and we still have around 2 more months of coronavirus.
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Today was the first day I started buying back the shares I sold a couple of weeks ago. I will be buying on every big down day or every 5% or so down from here. also buying at historical support levels. I'm not going to miss this opportunity like I did in 2008.
Lol as a student of history. How long did the 2008 bear market last? 5 days later buying the dip. I guess you see a rally rather soon. Lol good luck catching falling daggers.
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US stock market fell over 2000 points with more estimated for tomorrow
Personally I think the OVER BLOATED and FAKE US stock market is correcting itself adn in the process many are losing all they have and all they invested in
Could fall more than ten thousand or more before all of this is over
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peter schiff must have a massive hardon
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peter schiff must have a massive hardon
still he's less right than a broken clock...lol
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The virus has nothing to do with the stock market crash. The market is crashing because it's all been falsely
inflated due to suppressed rates. Politicians are using the virus as a scapegoat to divert attention away from
themselves.
The market is simply correcting to fair value.
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and Saudi/Russian oil games...
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US stock market fell over 2000 points with more estimated for tomorrow
Personally I think the OVER BLOATED and FAKE US stock market is correcting itself adn in the process many are losing all they have and all they invested in
Could fall more than ten thousand or more before all of this is over
No.
I’d strongly suggest doing the opposite of what the MSM is telling you to do.
These fake stock market blips are buying opportunities.
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The virus has nothing to do with the stock market crash. The market is crashing because it's all been falsely
inflated due to suppressed rates. Politicians are using the virus as a scapegoat to divert attention away from
themselves.
The market is simply correcting to fair value.
I AGREE
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You fucking morons, the power players are creating a sell off to buy cheap shares prior to the next move up.
The manipulators are going to deflate the precious metals market, at least 50%, and all that money is going to go into the stock market and/or cryptocurrencies. The final leg will be the retail folk going in at the last moment and THEN the real shit is going to hit the fan. Like get yourself an underground bunker caliber shit.
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You fucking morons, the power players are creating a sell off to buy cheap shares prior to the next move up.
The manipulators are going to deflate the precious metals market, at least 50%, and all that money is going to go into the stock market and/or cryptocurrencies. The final leg will be the retail folk going in at the last moment and THEN the real shit is going to hit the fan. Like get yourself an underground bunker caliber shit.
Rather than buy a bunker, why not make a huge amount of money based on your superior knowledge of what’s going to happen?
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Cowards.
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Cowards.
My annuity went down $22K in the last 15 days :D .
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The virus has nothing to do with the stock market crash. The market is crashing because it's all been falsely
inflated due to suppressed rates. Politicians are using the virus as a scapegoat to divert attention away from
themselves.
The market is simply correcting to fair value.
i Agree but to some degree the slowdown in global commerce due to the virus has to be adding to the correction or speeding it up. Certain companies have 3 months worth of cash and these arent the big ones who will receive another bail out. If this virus lasts too long companies are definitely gonna go belly up.
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ASx finished 3% up for the day after the early dip in trade.....
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https://www.9news.com.au/national/asx200-mammoth-swings-as-investors-buy-the-bottom/d7879bc8-3571-42c2-a2cc-1a6b5a18d652
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A coronavirus recession may be coming: Here's what to do with your money
1. Define clear, measurable and achievable investment goals. For example, your goal might be to retire in 20 years at your current standard of living for the rest of your life. Without clear goals, people often approach the path to getting there piecemeal and end up with a motley collection of investments that don’t serve their actual needs. As baseball legend Yogi Berra once said, “If you don’t know where you are going, you’ll end up someplace else.”
2. Assess how much risk you can take on. This will depend on your investment horizon, job security and attitude toward risk. A good rule of thumb is if you’re nearing retirement, you should have a smaller share of risky assets in your portfolio. If you just entered the job market as a 20-something, you can take on more risk because you have time to recover from market downturns.
3. Diversify your portfolio. In general, riskier assets like stocks compensate for that risk by offering higher expected returns. At the same time, safer assets such as bonds tend to go up when things are bad, but offer much lower gains. If you invest a big part of your savings in a single stock, however, you are not being compensated for the risk that the company will go bust. To eliminate these uncompensated risks, diversify your portfolio to include a wide range of asset classes, such as foreign stocks and bonds, and you’ll be in a better position to endure a downturn.
4. Don’t try to pick individual stocks, identify the best-performing actively managed funds or time the market. Instead, stick to a diversified portfolio of passively managed stock and bond funds. Funds that have done well in the recent past may not continue to do so in the future.
5. Look for low fees. Future returns are uncertain, but investment costs will certainly take a bite out of your portfolio. To keep costs down, invest in index funds whenever possible. These funds track broad market indices like the Standard & Poor’s 500 and tend to have very low fees yet produce higher returns than the majority of actively managed funds.
6. Continue to make regular contributions to your investments, even during a recession. Try to set aside as much as you can afford. Many employers even match all or some of your personal retirement contributions. Unfortunately, most Americans are not saving enough for retirement. One in four Americans enrolled in employer-sponsored defined contribution plans does not save enough to get the employer’s full match. That’s like letting your employer keep part of your salary.
7. There’s one exception to my advice about standing pat. Let’s suppose your long-term plan calls for a portfolio with 50% in U.S. stocks, 25% in international stocks and 25% in bonds. After U.S. stocks have a good run, their weight in the portfolio may increase a lot. This changes the risk of your portfolio. So about once a year, rebalance your portfolio to match your long-term allocation targets. Doing so can make a big difference in performance.
https://www.yahoo.com/news/coronavirus-recession-may-coming-heres-164357499.html
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Rather than buy a bunker, why not make a huge amount of money based on your superior knowledge of what’s going to happen?
I did.
I'm waiting for the market to come to me at this point.
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Rather than buy a bunker, why not make a huge amount of money based on your superior knowledge of what’s going to happen?
Abdulah, you are medical "expert", not a Somalian banker , so WHAT'S (& where) going to happen ???.
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Would you guys recommend short-term investment now or no? Any companies in particular?
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Would you guys recommend short-term investment now or no? Any companies in particular?
No
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;D ;D
Hopefully the market crashes like 2008 / 2009!!
Made a lot of money $$$$
;D. ;D
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No Getbigger ever made any money on the stockmarket, or anything else. Ever.
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;D ;D
Hopefully the market crashes like 2008 / 2009!!
Made a lot of money $$$$
;D. ;D
I'm down 30K , please help me :'(
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Would you guys recommend short-term investment now or no? Any companies in particular?
All Australian uranium ore exporters ;)
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US futures are in the green now, but Amsterdam is 9% in the red. Does not look like a broad market bottom yet.
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I'm down 30K , please help me :'(
That's nothing.
Most Getbiggers are down $millions.
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;D ;D
Hopefully the market crashes like 2008 / 2009!!
Made a lot of money $$$$
;D. ;D
It's even better, more like (worse than) 1987. ;D
BUY BUY BUY BUY BUY: VTSAX
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Some folks are going to lose badly and some will make a fortune.
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Some folks are going to lose badly and some will make a fortune.
Thats THE thing... its not like all the money in the market just "disappears"... for each seller there's someone buying
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Fear not, for money is not everything
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That's nothing.
Most Getbiggers are down $millions.
True, but like warriors we will keep buying. Now is the time that separates the men form the boys.
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That's nothing.
Most Getbiggers are down $millions.
Investing in Thai Go Go bar (49%) is so tempting ;)
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That's nothing.
Most Getbiggers are down $millions.
Billions in my case! LOL!
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$Millions...$billions...pocket change to Getbiggers.
(https://media.giphy.com/media/KJg6Znn4V1Jcs/giphy.gif)
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Those people living paycheck to paycheck will absolutely be destroyed. The homeless population will soar after this crisis.
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Those people living paycheck to paycheck will absolutely be destroyed. The homeless population will soar after this crisis.
Passed a bipartisan bill last night to insure that won’t happen
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Passed a bipartisan bill last night to insure that won’t happen
They can pass all the Bill's they want, this will crush the majority of society.
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Those people living paycheck to paycheck will absolutely be destroyed. The homeless population will soar after this crisis.
But all of the old, useless, senile social security sucking leaches will be dead, so that should even things out.
Disease and Homelessness is not a crisis. It is natural selection at work.
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They can pass all the Bill's they want, this will crush the majority of society.
I think I already had the coronavirus. I would have to check my Ironage Facebook posts to show that.
It was like having a dry cough with lingering phlegm for a longer than usual period of time [for me, it took 11 days to clear].
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Considering how this virus spares the young while ripping through elderly patients with comorbidities--ie: the least productive, most resource intensive demographic--I expect this virus to be boon to the human race.
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I think I already had the coronavirus. I would have to check my Ironage Facebook posts to show that.
It was like having a dry cough with lingering phlegm for a longer than usual period of time [for me, it took 11 days to clear].
Why do you keep pushing this “Ironage” shit?
You’re a very queer little elf.
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They can pass all the Bill's they want, this will crush the majority of society.
Then in that case if the media would just shut the fuck up and quit causes all of this totally unnecessary panic, we would be fine.
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This. ^
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This wouldn't be so much fun if there wasn't panic!
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I think I already had the coronavirus. I would have to check my Ironage Facebook posts to show that.
It was like having a dry cough with lingering phlegm for a longer than usual period of time [for me, it took 11 days to clear].
That is not Covid19 Matt. My medical opinon, based on your symptoms, is that you did not experience Covid19, rather you have Stockholmers* syndrome. A condition that left untreated gets worse with age.
*Stockholmers, also known as Canningism, is a syndrome where the victim identifies with whatever disease is the popular, in season illness. Sufferers of the condition tend to fall in two categories, they either have a very mild case and talk about how their immune is very strong or they have the worst version of the virus and were near death, despite never visiting a medical professional. Either way the individuals of the syndrome make sure everyone they come into contact with suffers from hearing about their experience of the phantom disease.
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Those people living paycheck to paycheck will absolutely be destroyed. The homeless population will soar after this crisis.
Merging my thread! How could you!
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Merging my thread! How could you!
:'( :'( :'(
:D
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US futures are in the green now, but Amsterdam is 9% in the red. Does not look like a broad market bottom yet.
Bump for the 1.5T share buy the Treasury are going to do. That money doesnt hit until end of March and April.
Generally every crash you see a rally followed by the BIG dip. The small rally is due to announcements (such as this) but because the actions don't begin for a few weeks the market crumbles anywah as money pulls out.
Stability once the payments begin. That's what we saw from the GFC.
Dow jones pre GFC peak 14k
GFC low 6.5k
Post GFC stabilised approx 10k
Our peak is 30k. Bottom might be 14k. Stabilised above 20k.
The market will shut down at some point. If the world isnt operating, why should stock still be traded?
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it fucked up the mortgage market big time
rates were sliding down nice (3.5, 3.375%)
bottomed out on 3/4 to 3/6
then boom rates sky rocketed up to 4.125% to 4.25% no one wants to buy the Mortgage backed securities due to the crazy volatility.
my pipeline is half floated and half locked -
i do feel rates will retrace to high 3s soon, but the refinance boom never happened.... it started then all banks got back logged and rates shot up
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Keep your powder dry people!
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it fucked up the mortgage market big time
rates were sliding down nice (3.5, 3.375%)
bottomed out on 3/4 to 3/6
then boom rates sky rocketed up to 4.125% to 4.25% no one wants to buy the Mortgage backed securities due to the crazy volatility.
my pipeline is half floated and half locked -
i do feel rates will retrace to high 3s soon, but the refinance boom never happened.... it started then all banks got back logged and rates shot up
When rates were truly low in 2012 the banks were taking months and months to close loans in hopes the rate went up.
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I'm down 30K , please help me :'(
Stock or 401k / retirement ?
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Bump for the 1.5T share buy the Treasury are going to do. That money doesnt hit until end of March and April.
Generally every crash you see a rally followed by the BIG dip. The small rally is due to announcements (such as this) but because the actions don't begin for a few weeks the market crumbles anywah as money pulls out.
Stability once the payments begin. That's what we saw from the GFC.
Dow jones pre GFC peak 14k
GFC low 6.5k
Post GFC stabilised approx 10k
Our peak is 30k. Bottom might be 14k. Stabilised above 20k.
The market will shut down at some point. If the world isnt operating, why should stock still be traded?
Dow futures down 1000+ right now even with all the fed actions. This thing could go to 14k this week. Fed is impotent in this fear climate.
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This wouldn't be so much fun if there wasn't panic!
As an investor, we love panic. Its panic that produces volatility, which in turn creates very rare and very profitable opportunities.
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German DAX futures are open now and they are at around minus 8 %
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German DAX futures are open now and they are at around minus 8 %
Oz was down close to 10% today.
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As an investor, we love panic. Its panic that produces volatility, which in turn creates very rare and very profitable opportunities.
With the btc halving not far off do you think there would be a big jump with btc leading to the halving ?
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With the btc halving not far off do you think there would be a big jump with btc leading to the halving ?
Hahaha...still some true believers out there.
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I was looking at the bitcoin price over the weekend, which was down, so I also expected european stocks to open lower monday.
I think, before this is all over, broad stock markets could fall around 80%. I am not sure a 50 % fall will be sufficient.
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DAX futures now:
(https://i.postimg.cc/LsJd04jn/dax.jpg)
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As a retired person, my entire income is reliant on a healthy economy. Since there is nothing that I can do to change the current state of affairs, I'd rather not think about the future. One thing is certain most of us if not all of us are going to be affected in someway by the economic fallout from the CVID-19 pandemic of 2020.
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Hahaha...still some true believers out there.
I have a very small portion of my portfolio in btc,I not going to sit here and say I have made
Lots of money from it,I get income from other things aswell
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I have a friend with a wife that is a higher up in a med-large USA manufacturing corporation...she makes 300k a year and well over 1 mil in retirement. They have everything in her employer's stock.....everything...d idn't cash stock options etc. Been telling him since last summer to at least get 50% into money market. Wife said no...too greedy...too worried about being a good company gal...they got killed and it's not over. I feel bad for the guy.
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I have a friend with a wife that is a higher up in a med-large USA manufacturing corporation...she makes 300k a year and well over 1 mil in retirement. They have everything in her employer's stock.....everything...d idn't cash stock options etc. Been telling him since last summer to at least get 50% into money market. Wife said no...too greedy...too worried about being a good company gal...they got killed and it's not over. I feel bad for the guy.
this is always a bad idea. You have to diversify your investments.
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this is always a bad idea. You have to diversify your investments.
Yeah, their stock went from $300 to almost $600 and she just couldn't get out. I was screaming at him to get half into a money market and take their gains in a safe position, but that's not sexy enough for them. Pigs get slaughtered.
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As a retired person, my entire income is reliant on a healthy economy.
Corona is probably the first time i havent heard retirees, aka baby boomers, piss and moan about 'their problems' and how we are all lazy compared to them.
The people who keep the economy afloat will be wiped financially for decades. Job loss. Home loss. Broken families. Kids in tears.
Maybe they realise they may survive, only to live and watch their kids and grandkids lives destroyed?
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The corona virus will bankrupt more people than it kills,
There are two existing drugs that have been found to treat this virus positively, one is a HIV drug the other a drug used to treat malaria. They are already using it in some countries and they have established that they work.
But good news doesn't sell.
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Yeah, their stock went from $300 to almost $600 and she just couldn't get out. I was screaming at him to get half into a money market and take their gains in a safe position, but that's not sexy enough for them. Pigs get slaughtered.
"Pigs get fat, hogs get slaughtered"
Worked for a guy once and this was his favorite saying.
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Yeah, their stock went from $300 to almost $600 and she just couldn't get out. I was screaming at him to get half into a money market and take their gains in a safe position, but that's not sexy enough for them. Pigs get slaughtered.
This^ greedy fucks always get it... So it should be.
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As an investor, we love panic. Its panic that produces volatility, which in turn creates very rare and very profitable opportunities.
Really, would there be more coconuts & bananas on palms in tropical Queensland !.
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It seems governments are all about shutting down and disrupting all businesses. This is going to crush all aspects of the economy. Seems the ultra rich will be able to pick up assets for pennies on the dollar and even further strengthen their fortunes. Something doesn’t seem legit about all of this panic for just 2500 deaths globally.
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It seems governments are all about shutting down and disrupting all businesses. This is going to crush all aspects of the economy. Seems the ultra rich will be able to pick up assets for pennies on the dollar and even further strengthen their fortunes. Something doesn’t seem legit about all of this panic for just 2500 deaths globally.
Coronavirus Cases:
179,761
Deaths:
7,070
Recovered:
78,287
The issue is how fast it spreads unlike the flu and the fact that there is no vaccine for it,
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It seems governments are all about shutting down and disrupting all businesses. This is going to crush all aspects of the economy. Seems the ultra rich will be able to pick up assets for pennies on the dollar and even further strengthen their fortunes. Something doesn’t seem legit about all of this panic for just 2500 deaths globally.
It's all going according to their plan.
Fire all the peons.
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It seems governments are all about shutting down and disrupting all businesses. This is going to crush all aspects of the economy. Seems the ultra rich will be able to pick up assets for pennies on the dollar and even further strengthen their fortunes. Something doesn’t seem legit about all of this panic for just 2500 deaths globally.
Good points, ok your numbers are flawed but still, definitely a possibility...
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Coronavirus Cases:
179,761
Deaths:
7,070
Recovered:
78,287
The issue is how fast it spreads unlike the flu and the fact that there is no vaccine for it,
Since you brought up the flu, for comparison here's last week's report on the 2019-20 US Influenza Season , from the Centre for Disease Control and Prevention.
"Laboratory confirmed influenza associated hospitalization rates for the overall U.S. population remain moderate compared to recent seasons, but rates for children 0-4 years and adults 18-49 years are now the highest CDC has on record for these age groups, surpassing rates reported during the 2009 H1N1 pandemic. Hospitalization rates for school-aged children (5-17 years) are higher than any recent regular season but remain lower than rates experienced by this age group during the pandemic.
...............
Pneumonia and influenza mortality has been low, but 144 influenza-associated deaths in children have been reported so far this season. This number is higher for the same time period than in every season since reporting began in 2004-05, except for the 2009 pandemic.
…………..
CDC estimates that so far this season there have been at least 36 million flu illnesses, 370,000 hospitalizations and 22,000 deaths from flu."
https://www.cdc.gov/flu/weekly/index.htm (https://www.cdc.gov/flu/weekly/index.htm)
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Since you brought up the flu, for comparison here's last week's report on the 2019-20 US Influenza Season , from the Centre for Disease Control and Prevention.
"Laboratory confirmed influenza associated hospitalization rates for the overall U.S. population remain moderate compared to recent seasons, but rates for children 0-4 years and adults 18-49 years are now the highest CDC has on record for these age groups, surpassing rates reported during the 2009 H1N1 pandemic. Hospitalization rates for school-aged children (5-17 years) are higher than any recent regular season but remain lower than rates experienced by this age group during the pandemic.
...............
Pneumonia and influenza mortality has been low, but 144 influenza-associated deaths in children have been reported so far this season. This number is higher for the same time period than in every season since reporting began in 2004-05, except for the 2009 pandemic.
…………..
CDC estimates that so far this season there have been at least 36 million flu illnesses, 370,000 hospitalizations and 22,000 deaths from flu."
https://www.cdc.gov/flu/weekly/index.htm (https://www.cdc.gov/flu/weekly/index.htm)
100% Agree i only view the cdc site and thats why i think this shit is being blow way out of proportion
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In the stock market its called consolidation. The super wealthy induce stock selloffs for the sole purpose of manipulating the price of stocks they simply want more of. Selloff in the middle of the night and when the value of said stock plummets move back in and buy up at pennies on the dollar. Evil as fuck if you ask me. I dont even know how its legal but apparently it is.
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The corona virus will bankrupt more people than it kills,
There are two existing drugs that have been found to treat this virus positively, one is a HIV drug the other a drug used to treat malaria. They are already using it in some countries and they have established that they work.
But good news doesn't sell.
Do you have a link to more information about this?
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LOL
Fed lowers interest rate for Banks to 0%
What happens to John Q Public's mortgage rate?... 4%... ROFL!!!
Can't make this shtt up folks....
This ain't capitalism, this is some demonic oligarchy corportacracy type shitz where the rich get richer and everyone else goes broke
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When rates were truly low in 2012 the banks were taking months and months to close loans in hopes the rate went up.
why you should do your deals with a local broker who can close in 2-3 weeks ;D and the pricing is way better too. I
banks are taking 4-6 months to do a refinance right now and even longer since many banks have 1000s of employees in call centers trying to process them and these offices will soon be closed -
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LOL
Fed lowers interest rate for Banks to 0%
What happens to John Q Public's mortgage rate?... 4%... ROFL!!!
its more complex than meets the eye
the fed cutting rates is more short term lending, mortgages are long term and typically mirror the 10 Year US Treasury, and the biggest movement of mortgage rates are the buyers and sellers of the Mortgage backed securities on the second market.
today was fucking nuts - priced out deals but could not lock them in. I have been working 10+ hours a day to keep up with the demand.
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All Hail PEDO for POTUS 2020!!
https://finance.yahoo.com/news/coronavirus-will-finish-trumps-presidency-155243205.html
https://www.yahoo.com/news/arizona-poll-shows-biden-leading-115438060.html
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All Hail PEDO for POTUS 2020!!
https://finance.yahoo.com/news/coronavirus-will-finish-trumps-presidency-155243205.html
https://www.yahoo.com/news/arizona-poll-shows-biden-leading-115438060.html
Biden 2020
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its more complex than meets the eye
the fed cutting rates is more short term lending, mortgages are long term and typically mirror the 10 Year US Treasury, and the biggest movement of mortgage rates are the buyers and sellers of the Mortgage backed securities on the second market.
today was fucking nuts - priced out deals but could not lock them in. I have been working 10+ hours a day to keep up with the demand.
No.. its just 100% absolute bullshit by greed infested bankers
The banks will never let the mortgage rate back to fed fund rates, as Fed is giving them free money.
How in the world banks can lose money when Fed giving money free to them and the banks give us zero in return while charging middle america 3.5% on mortgages?!
If Fed wants to save economy, give the home buyers low apr loans directly, not via banks.
Avoid middle men and brokers.
FED reduction in rates to 0% was not meant for middle and low income citizens or lower mortgage rates.
It is for the elite and 1% society and their businesses.
Golden Rule-Those with the gold make the rules.
oh.. but just fckin wait..
Just wait til home prices start crashing. They'll fast track you like you're a Hollywood star.
I have a family friend at at a huge bank that has recently been at the center stage of controversy.
With that said they are currently using tactics such as long processing times in order to void documents and start the process over again.
There is enough processors but their requirements are lengthy and at the time of finalizing ,documents are either expired or missing when an underwriter is reviewing them.
They really are just snakes trying to nickle and dime you.....
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Do you have a link to more information about this?
The two drugs are Chloroquine and Lopinavir, they have been using them in both South Korea and Japan, both drugs are already registered for use with malaria and HIV just not for Coronavirus so they are being used effectively without actual medical consent in this instance, but check the mortality rates against Chian and Italy where they havent.
Now as I can't be bothered can you please advise every doom and gloomer on this site that the world is not ending, that there are existing drugs and also measured vaccines ready to go, they are all just held up in government red tape, which in my experience will kill more people than any disease.
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good one
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(((monetizing debt)))
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Fixed:
It seems governments are all about shutting down and disrupting all businesses. This is going to crush all aspects of the economy. Seems the ultra rich Getbiggers will be able to pick up assets for pennies on the dollar and even further strengthen their fortunes. Something doesn’t seem legit about all of this panic for just 2500 deaths globally.
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The two drugs are Chloroquine and Lopinavir, they have been using them in both South Korea and Japan, both drugs are already registered for use with malaria and HIV just not for Coronavirus so they are being used effectively without actual medical consent in this instance, but check the mortality rates against Chian and Italy where they havent.
Now as I can't be bothered can you please advise every doom and gloomer on this site that the world is not ending, that there are existing drugs and also measured vaccines ready to go, they are all just held up in government red tape, which in my experience will kill more people than any disease.
totally agree, this will blow over, and for all you fuck tards that think the world is ending
"ITS NOT LIKE THE U.S AND THE SOVIET UNION ARE LOBBING NUKES AT EACH OTHER" , then i would be worried :)
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good one
good video, this guy speaks with common sense, btw
if the goverment gives airlines, etc bail out , "these cock roaches should not be allowed to do any stock buy backs for many years"
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Yeah, their stock went from $300 to almost $600 and she just couldn't get out. I was screaming at him to get half into a money market and take their gains in a safe position, but that's not sexy enough for them. Pigs get slaughtered.
That’s the game. Insiders create an illusion of never ending upward prices and when pullbacks do a occur people figure the price will go back to its former high except that one time, now, when it doesn’t.
This is some good reading. I’ll bet it’s selling a ton these days:
Manias, Panics, and Crashes: A History of Financial Crises, Seventh Edition
Book by Charles P. Kindleberger and Robert Z. Aliber
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The stock that has held up the best in this debacle has been Walmart. That tells you where we’re going. Lotta people buying cheap food and $1 socks.
The old school bodybuilding diet wins again:
Chicken
Eggs
Potatoes
Oatmeal
Rice
Greens
Mix and match
Rinse and repeat
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S&P 500 is up over 6 % today. I don't see how this could be a bottom. I could be wrong, but I think the stock market bottom has not been reached yet.
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gold is also up 4.7% today. This is not following the normal logic (stocks and gold both up hugely on the same day). Something is not right.
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S&P 500 is up over 6 % today. I don't see how this could be a bottom. I could be wrong, but I think the stock market bottom has not been reached yet.
I think it just depends on whether we are now in a 1-2 year recession or this was a huge fake move to shake out any scared money before we zoom higher
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ftse 100 up 9% today which seems strange given London is on the brink of a worse disaster than Northern Italy.
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S&P 500 is up over 6 % today. I don't see how this could be a bottom. I could be wrong, but I think the stock market bottom has not been reached yet.
It went up as Trump was in discussions with major hedge funds. The rally was based around his comment of opening up the economy earlier than 6 months..... it's the market squeezing the shorts pretty much.
We are in the phase of winding down, almost at lockdown point in week 3 of anywhere from a 12-26 week timeline. We aren't even remotely close to really hurting on that timeline.
Without making it long winded. The market has not yet factored in the consumer market being proper fucked, mass unemployment combined with business debt defaults, closures, defaulted property collapse. These things are coming in April and May.
Right now they are propping up the market.
Next phase is market & people which is waaaaaay more expensive.
QE will explode.
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It went up as Trump was in discussions with major hedge funds. The rally was based around his comment of opening up the economy earlier than 6 months..... it's the market squeezing the shorts pretty much.
We are in the phase of winding down, almost at lockdown point in week 3 of anywhere from a 12-26 week timeline. We aren't even remotely close to really hurting on that timeline.
Without making it long winded. The market has not yet factored in the consumer market being proper fucked, mass unemployment combined with business debt defaults, closures, defaulted property collapse. These things are coming in April and May.
Right now they are propping up the market.
Next phase is market & people which is waaaaaay more expensive.
QE will explode.
Damn , you are really smart bro ,I bet you are rich as fuck .
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Damn , you are really smart bro ,I bet you are rich as fuck .
I do well, yes.
Talking macro sense is easy on a long timeline. Shorten the timeline whilst maintaining accuracy is everything though.
Why do you think banks always win? They are the most accurate over a shorter timeline and are accurate based on the right reasons.
Now, i could post some fuckwittery stuff on here like many do, but instead i try and provide solid explanations as to why and how things work. Or i may be full of shit.
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Hey Mayday, do you think the virus came from the bats or escaped from a lab? Also do you see a massive social unrest in Europe and US? I don't think the measures are enough for all those people who were just getting by.....
By the way I checked your older posts.......great points!
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I do well, yes.
Talking macro sense is easy on a long timeline. Shorten the timeline whilst maintaining accuracy is everything though.
Why do you think banks always win? They are the most accurate over a shorter timeline and are accurate based on the right reasons.
Now, i could post some fuckwittery stuff on here like many do, but instead i try and provide solid explanations as to why and how things work. Or i may be full of shit.
Banks win because they make the laws and own the game.
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Banks win because they make the laws and own the game.
Fed loans to banks @ 0%
SBA "Emergency Disaster" loans @ 3.75 %
Game Over...lol
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Hey Mayday, do you think the virus came from the bats or escaped from a lab? Also do you see a massive social unrest in Europe and US? I don't think the measures are enough for all those people who were just getting by.....
By the way I checked your older posts.......great points!
Don't know but i think given it's China and the epicentre just happens to be next door to their disease lab, it's not a good look.
I think it's possible the world might call an early win on the numbers and unwind earlier than planned. I believe they underestimate the impact of a.shutdown (US unemployment last week of 3.3M vs 0.75M forecast proves that), i think they have underdone the QE whilst closed and i reckon they will shit their pants trying to kickstart an economy with peanuts.
As for unrest, they can't allow it to get to a mass unrest stage because that defeafs the purpose of a lockdown and social distancing. It'll open back up if they hear rumblings as that would be political suicide if rioting erupted.
I believe the infected numbers are waaaay bigger than diagnosed. 500x or more. 8000 sick people go to a hospital and 40 are positive.... that shows your testing is faulty.
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Banks win because they make the laws and own the game.
The reason banks win in a situation like this is because they get first dibs on the money being printed. They can use it to buy assets before inflation sets in.
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8000 sick people go to a hospital and 40 are positive.... that shows your testing is faulty.
Or....just maybe.....40 are positive and 7,960 have colds and flu and were scared shitless by the news and imagined they had it.
This is getting like the radio broadcast of War Of The Worlds. People who don't think much are not able to get this much fear all day and process it.
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Or....just maybe.....40 are positive and 7,960 have colds and flu and were scared shitless by the news and imagined they had it.
This is getting like the radio broadcast of War Of The Worlds. People who don't think much are not able to get this much fear all day and process it.
We were in Summer with 30+ degree days and half the CBD were walking around with the flu. Our local medical centre went from walk in appointments to waiting for 5 days.
I do know of a group of 25 people who had a party and 2 of the 25yr olds were hospitalised and confirmed positive. The other 23 all got sick to varying degrees but were fine. Those 23 are not in the diagnosed numbers because they were not tested.
The issue with going down the path of your 'just maybe' is you must believe so many other things in which the odds are all tiny that for it to be true you have the odds of winning the lottery.
Eg if you believe 7,960 people don't have the coronavirus you must believe that there is a virus 200x more transmittable than the coronavirus and it going undetected by the media, by govts, by the WHO. By extension you would need to believe all experts were incorrect about the transmission rates. And so on.
It's far, far more plausible to say the tests are shit because it still acknowledges the coronavirus is real and active. Going down the 'just maybe' means you are wearing a tinfoil hat diving miles down the rabbit hole.
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The reason banks win in a situation like this is because they get first dibs on the money being printed. They can use it to buy assets before inflation sets in.
The spread between what the bank pays for money and what they loan it out.
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We were in Summer with 30+ degree days and half the CBD were walking around with the flu. Our local medical centre went from walk in appointments to waiting for 5 days.
I do know of a group of 25 people who had a party and 2 of the 25yr olds were hospitalised and confirmed positive. The other 23 all got sick to varying degrees but were fine. Those 23 are not in the diagnosed numbers because they were not tested.
The issue with going down the path of your 'just maybe' is you must believe so many other things in which the odds are all tiny that for it to be true you have the odds of winning the lottery.
Eg if you believe 7,960 people don't have the coronavirus you must believe that there is a virus 200x more transmittable than the coronavirus and it going undetected by the media, by govts, by the WHO. By extension you would need to believe all experts were incorrect about the transmission rates. And so on.
It's far, far more plausible to say the tests are shit because it still acknowledges the coronavirus is real and active. Going down the 'just maybe' means you are wearing a tinfoil hat diving miles down the rabbit hole.
You have one story with the fact being....2 people tested positive...I'm assuming those were people that needed hospital care. The rest about all 25 having it is your speculation isn't it?
Now maybe all 25 did have it but do we really need to test everyone in the world when they say 50-60% of the world population will get this in the next year? Do we really need to test everyone when a small percentage need to go to the hospital? When by the powers that be's own admission the current "treatment" for most is to sit in your house sick like you have the flu?
I just don't see any logic here.
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Who else but Bloomberg to remind us that the Black Death was good for the economy...
(https://i.postimg.cc/3NLP1L17/EUzu-EWPWo-AAo-FVY.jpg)
Black Death burial, not to be confused with H. R. Giger artwork:
(https://i.postimg.cc/XYPS577J/Toulouse-mass-grave-1280p.jpg)
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Do we really need to test everyone when a small percentage need to go to the hospital?
I just don't see any logic here.
Yes, because there is a massive difference between a 0.5% mortality rate and an 5% mortality rate with regards to what action is required.
Wide and accurate testing also provides legitimacy of the worse case scenario we are in where the globe is shut down.
The people on here questioning the authenticity of the crisis you can't blame. The see tiny numbers and wonder WTF is going on, hence their comparisons to the flu season.
That is the logic you were unable to see --> test more, numbers get larger, validate the response/action.
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I explained how the testing scam works and was proven right. If you’re still buying into the bullshit you’re just a fucking Mark and beyond help.
I know how this plays out. To justify these interventions, they’re going to have to artificially bump up the victim numbers to the point where somebody gets hit by a truck and turns out to have a positive corona test is said to have died of corona.
Why have so many coronavirus patients died in Italy?
https://www.telegraph.co.uk/global-health/science-and-disease/have-many-coronavirus-patients-died-italy/
BySarah Newey,
GLOBAL HEALTH SECURITY CORRESPONDENT
23 March 2020
According to Prof Walter Ricciardi, scientific adviser to Italy’s minister of health, the country’s mortality rate is far higher due to demographics - the nation has the second oldest population worldwide - and the manner in which hospitals record deaths.
“The way in which we code deaths in our country is very generous in the sense that all the people who die in hospitals with the coronavirus are deemed to be dying of the coronavirus
“On re-evaluation by the National Institute of Health, only 12 per cent of death certificates have shown a direct causality from coronavirus, while 88 per cent of patients who have died have at least one pre-morbidity - many had two or three,” he says.
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The black death killed the working population pushing up wages, this is killing the old retired generation, big difference.
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The black death killed the working population pushing up wages, this is killing the old retired generation, big difference.
What’s killing the old retired generation is what has always been killing them, the underlying conditions:
https://nymag.com/intelligencer/article/new-york-coronavirus-cases-updates.html
The first minor in NYC with a case of the coronavirus has died
The city reported the death of its first patient under the age of 18 on Monday. Like the vast majority of patients who have passed away, the city reported that the minor had an underlying condition. Of the 790 deaths in the city, 777 patients had underlying conditions, which, according to the city’s definition, include diabetes, lung disease, cancer, immunodeficiency, heart disease, hypertension, kidney disease, and asthma.
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I explained how the testing scam works and was proven right. If you’re still buying into the bullshit you’re just a fucking Mark and beyond help.
So you believe every govt, every central bank, every medical person is in on this conspiracy of yours.
Ok, no prob man. i'll leave you be.
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So you believe every govt, every central bank, every medical person is in on this conspiracy of yours.
Ok, no prob man. i'll leave you be.
So you think all of the central banks are inflating trillions of dollars in unison but there’s no coordination? Like I said, you’re a mark.
That do you think every single medical person has to be in on it shows how little you know about how the world works. Orders come from a few people at the top and everybody else has to follow along or they suffer consequences. To repeat, you’re a mark.
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So you think all of the central banks are inflating trillions of dollars in unison but there’s no coordination? Like I said, you’re a mark.
Everyone is already pegged to USD. Central banks have been printing in unison for decades. I know you already know this.
The problem for you conspiracy nuts is you can't get past level 1 because of the number of people required to make it work.
Even now, you ignored that basic question and switched topics because you know it makes no sense.
It's ok dude. Im not going to be rude to you about it.
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Everyone is already pegged to USD. Central banks have been printing in unison for decades. I know you already know this.
The problem for you conspiracy nuts is you can't get past level 1 because of the number of people required to make it work.
Even now, you ignored that basic question and switched topics because you know it makes no sense.
It's ok dude. Im not going to be rude to you about it.
The Euro is pegged to the dollar? This is news to me.
And I answered your question. You just don’t want to accept the answer. The overwhelming majority of people are just pawns and get their orders from a few people at the top, it doesn’t take that many.
On one hand you say there’s no coordination on the other hand you said they’re inflating in unison for decades. Which one is it?
Apparently you’re from Australia right? Being from a penal colony one would be think you’re more familiar with scams.
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The Euro is pegged to the dollar? This is news to me.
I don't think so...
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There has to be a global financial reset after this. Every country is going into unpayable debt if we have to wait another 12-18 months for a vaccine to be developed, tested, and dispensed to the entire world.
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There has to be a global financial reset after this. Every country is going into unpayable debt if we have to wait another 12-18 months for a vaccine to be developed, tested, and dispensed to the entire world. --
and have everyone micro-chipped and do away with physical money
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The Euro is pegged to the dollar? This is news to me.
The overwhelming majority of people are just pawns and get their orders from a few people at the top, it doesn’t take that many.
Apparently you’re from Australia right? Being from a penal colony one would be think you’re more familiar with scams.
Well you just learned something. Perhaps you shouldn't base your conspiracy around a system that you aren't clear on how it is behaving today? Just a thought.
So you have managed a global conspiracy before? Could you say which one?
As for the jab at my heritage, well that's not very nice lol.
Look, im happy to debate if other posters feel it is of use to them but if we are only spamming threads to simply go at each other i will pass and i will leave you be.
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Well you just learned something. Perhaps you shouldn't base your conspiracy around a system that you aren't clear on how it is behaving today? Just a thought.
So you have managed a global conspiracy before? Could you say which one?
As for the jab at my heritage, well that's not very nice lol.
Look, im happy to debate if other posters feel it is of use to them but if we are only spamming threads to simply go at each other i will pass and i will leave you be.
Pussy.
Continue at each other. We are bored.
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Pussy.
Continue at each other. We are bored.
He calls me a conspiracy nut and then when I hit him back he bitches and cries about having a civil debate.
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Pussy.
Continue at each other. We are bored.
X2
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Pussy.
Continue at each other. We are bored.
x 3 ;D
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There has to be a global financial reset after this. Every country is going into unpayable debt if we have to wait another 12-18 months for a vaccine to be developed, tested, and dispensed to the entire world.
Sorry to bust up your post but...
It appears there will be no vaccine as this is a virus and mutates quickly...there are hundreds of strains of coronavirus, it's not new. Like the flu every year they might try and approximate what might be effective but there will be no be all end all vaccine. Any talk of this seems a bit suspicious when you look at who is saying it.
Every major country/central bank was already in un-payable debt and facing a demand issue/global slowdown that would destroy the perpetual growth model that was keeping the shell game going.
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He calls me a conspiracy nut and then when I hit him back he bitches and cries about having a civil debate.
Nah, it gets old fast as you suggest you know how to rollout a global conspiracy. You said it only takes a few but couldn't explain how you know this.
You reached the limit of your knowledge and then refused to answer questions and make attacks. So, i can't keep debating with you because you are at your limit. It's ok dude.
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He calls me a conspiracy nut and then when I hit him back he bitches and cries about having a civil debate.
Ok fine.
I'll even throw you a lifeline below that i posted in the other thread as this is what you should have been posting to backup your argument that it's a 'hoax'.
What you should now do is go and find the same dataset for the US.
Data is reported from Jan 2020 up to the 20th March 2020 for UK deaths.
Jan 2020 = -1,409 vs the previous 5yr average
Feb 2020 = -2,696 vs the previous 5yr average
Mar 20th 2020 = -717 vs the previous 5yr average
**data set shows first 3 months tracking below the total death average over the previous 5yrs.
It's safe to say we didn't see any impact in Jan or Feb.
March can be argued coming out of Winter, flu season influences to the data reduce so we should see a balancing out anyway. Therefore i don't see the uptick being influenced with 'hidden' Rona deaths.
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Ok fine.
I'll even throw you a lifeline below that i posted in the other thread as this is what you should have been posting to backup your argument that it's a 'hoax'.
What you should now do is go and find the same dataset for the US.
Data is reported from Jan 2020 up to the 20th March 2020 for UK deaths.
Jan 2020 = -1,409 vs the previous 5yr average
Feb 2020 = -2,696 vs the previous 5yr average
Mar 20th 2020 = -717 vs the previous 5yr average
**data set shows first 3 months tracking below the total death average over the previous 5yrs.
It's safe to say we didn't see any impact in Jan or Feb.
March can be argued coming out of Winter, flu season influences to the data reduce so we should see a balancing out anyway. Therefore i don't see the uptick being influenced with 'hidden' Rona deaths.
Am I missing something here? Your own data confirms that corona has not had an impact on overall deaths yet somehow I’m a conspiracy nut for pointing out that there’s got to be something else going on? I agree with you 1000% mortality rates is the most important number. It shows that deaths for underlying causes are now being labeled as corona.
That seems to be a common thread here in the US. Anybody asks a remotely tough question about this they’re labeled a conspiracy nut.
I actually did look up this data. Apparently, you need some sort of special permission to get mortality rates. There might be some other way. I’ll keep looking.
As far as the limit of my knowledge, I don’t claim to know every single detail about this. No one does. But we just had a stimulus package in this country that’s almost twice the size of the GDP of yours. It’s 840 pages long and they somehow managed to put it together in a week. You have to be hopelessly naïve do not think that there’s something else going on.
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Nah, it gets old fast as you suggest you know how to rollout a global conspiracy. You said it only takes a few but couldn't explain how you know this.
You reached the limit of your knowledge and then refused to answer questions and make attacks. So, i can't keep debating with you because you are at your limit. It's ok dude.
No, what actually happened is that you presented a narrative with which I disagree, as if a nurse has be in on the scam. I’m not gonna argue according to your rules. I don’t owe you jack shit. Even in this last comment you’re being a condescending dick.
But here’s a lifeline for you. I live in New York City. I know all the neighborhoods that are supposedly hotspots for corona. They’re not places that Chinese nationals would go. Their places they would avoid.
These places don’t even have a very high population density. Where I live has one of the highest population densities in the city. Hundred to 200 apartment co-ops and condos on every block yet we’ve had very few cases.
What these so-called hotspots do have in common is that they’ve always had very poor health outcomes:
Bronx Residents Twice as Likely to Die From COVID-19 in NYC
http://thecity.nyc/2020/04/bronx-residents-twice-as-likely-to-die-from-covid-19-in-nyc.html
Pre-existing Conditions
Public health experts say it’s likely The Bronx’s elevated death rate is tied to the borough’s high rates of diabetes, asthma and hypertension, some of the nine illnesses linked with coronavirus complications.
Despite longtime efforts by health advocates and elected officials to change course, the borough ranks last among New York State’s 62 counties in the Robert Wood Johnson Foundation’s survey of health outcomes, including premature death.
The Bronx logs more ER visits for asthma than in any county in the state. The Centers for Disease Control and World Health Organization have classified people with asthma as high risk.
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Japan was late to the dance because of the Olympics. Got to play catch-up:
Japan economy: Shinzo Abe has $1 trillion coronavirus relief plan - CNN
https://www.cnn.com/2020/04/06/economy/japan-economic-stimulus-coronavirus/index.html
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The stock market will recover, as it does every single time in modern history after every disaster.
Economic damage to countries, especially poorer ones, that could be a lot worse.
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This virus will keep coming back, just like influenza, in various new strains. People acting like only big pharma and vaccines can save us are useful idiots desperate to throw away their freedoms for the illusion of safety. There is no singular flu vaccine to prevent the thousands of flu deaths that occur by the same mechanism as covid (pneumonia), so what makes people think a vaccine can save them? There has been no talk of improving public health during this event. Mandating higher animal protein consumption, banning junk food sales, banning drugs, all of these things would drastically reduce the population of vulnerable diseased people. Authorities have no interest in improving pubic health, they want you scared and desperate for whatever big medicine panacea they offer you.
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Am I missing something here?
The broader theme.is that it isn't enough to merely say 'the monetary system will reset' and claim victory when it happens at some point during your lifetime. Let alone claim a fake gobal pandemic is created to cause it on purpose.
What im saying is the difference is you made a broad statement whereas i searched and pulled the data and then made the statement. I'm in a more solid position for debate, purely because i know more. Like you, US data was fucking impossible to get. I was pulling some from the UN. I pulled Italy's 2018 and 19 data from the UN. I couldn't find squat for 2020. I have seen journlists extrapolate corona data from Lombardia but that's a bad idea. Better to get the national statistics.
We agree on the data as you said. Im of the opinion it was a knee jerk reaction based on initial bad data from China and amplified by our PC culture driving actions of a.worst case scenario. You believe the virus is a hoax created by financial powers. For arguments sake, we get a pandemic, stocks crash, a billionaire buys a company cheap and you conclude the billionaire created a global pandemic hoax so he could buy that company cheap. It's along those lines.
As for monetary systems, i track my country's currency, M3, interest rates, median house prices, average salary by month back to 1970. I have data for other countries but i don't track as much as i do my own but it's all similar trends. You don't need to read an 840 page QE document, just know the topline numbers and you see what the system can handle.
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On a news note, so many spastics jumped into the sharemarket our reserve bank said they are reducing QE lol.
Idiotic, record.breaking rallies during a global pandemic that has shut down the entire globe. People about to get burned hard.
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My investments are recovering nicely.
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(https://www.goldbroker.com/media/image/cms/media/images/couverture-the-economist-monnaie-mondiale-2018.jpg)
1988
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This demand shutdown is like a tsunami. The earthquake happened but the wave will take a while to develop.
Again, the world economy operates on perpetual growth models....everything.
In fact what the USA is doing is akin to a reset. Who heads the country? The king of bankruptcy.
Everyone knows the first to fail gets the best restructure terms and those that follow get less and less.
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The more i hear about this virus the more i think it’s a hoax or a scheme for something else. Somewhere around 1300 confirmed cases here with a population of 2 million. 61 deaths, mostly in nursing homes. Weird how many nursing homes are affected by this thing since visitors have not been allowed to enter the buildings for some time now. As if someone deliberately brought the virus to vulnerable people so we could get the numbers up.
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"Be greedy when others are fearful, be fearful when others are greedy."
The fear mongering is getting louder and is coming from the people that didn't dollar cost average down, or sat there trying to time the market.
Most have no concept of what trillions of dollars means.
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"Be greedy when others are fearful, be fearful when others are greedy."
The fear mongering is getting louder and is coming from the people that didn't dollar cost available down, or sat there trying to time the market.
Most have no concept of what trillions of dollars means.
Another stock market cultist that thinks things are going to be the same. The game has changed fundamentally.
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Another stock market cultist that thinks things are going to be the same. The game has changed fundamentally.
How so? Unlike what the average Joe has been let to believe by the "experts", the stock market is and always has been unpredictable, with new patterns always emerging and replacing old patterns. How is it any different now?
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The more i hear about this virus the more i think it’s a hoax or a scheme for something else. Somewhere around 1300 confirmed cases here with a population of 2 million. 61 deaths, mostly in nursing homes. Weird how many nursing homes are affected by this thing since visitors have not been allowed to enter the buildings for some time now. As if someone deliberately brought the virus to vulnerable people so we could get the numbers up.
As I’ve said, the scam is in the testing. People with compromised immune systems are more likely to come up positive. After that, regardless of how they die it’s labeled as Corona..
It was the exact same thing with aids back in the 80s. We were also told that it was going to explode into the general population. Meanwhile, 35 years later Ron Jeremy is still alive.
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How so? Unlike what the average Joe has been let to believe by the "experts", the stock market is and always has been unpredictable, with new patterns always emerging and replacing old patterns. How is it any different now?
The Fed has never bought everything like they are now, just for starters. They are both vastly increasing the money supply and using the PPT to buy all markets at the same time.
The market is broken at the most basic level....finding market value. This is not simply a "pattern" you can time or dance around.
If the Fed didn't buy like that - equities would find their true value(certainly not DOW 23k with half the country shut down for a month), that is an honest risk/reward system. We have made the market being inflated artificially a national security issue and basically ended natural supply and demand forces in our own markets.
As a small investor you have to look at all that and know it is not being done on your behalf. If not, as I said before you are a cultist living in the 90s financially and ignoring the obvious future perils of these actions.
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The Fed has never bought everything like they are now, just for starters. They are both vastly increasing the money supply and using the PPT to buy all markets at the same time.
The market is broken at the most basic level....finding market value. This is not simply a "pattern" you can time or dance around.
If the Fed didn't buy like that - equities would find their true value(certainly not DOW 23k with half the country shut down for a month), that is an honest risk/reward system. We have made the market being inflated artificially a national security issue and basically ended natural supply and demand forces in our own markets.
As a small investor you have to look at all that and know it is not being done on your behalf. If not, as I said before you are a cultist living in the 90s financially and ignoring the obvious future perils of these actions.
LOL...cultist. ;D
Not sure what your definition of cultist is, but I believe investing in the stock market isn't the only way to accumulate wealth. You should know that by now if you've paid attention to my posts on the subject. And I am under no delusion that anything is being done on my behalf. Calling someone a "cultist" because they disagree with you is no argument at all.
Everything you said above is no different than what has already been said about the stock market throughout history: When abandoning the gold standard in 1973, with the creation of the PPT in 1988, with the creation of the TSLF in 2008, and so on and so forth. Same crap, different day.
There is currently no proof that the government is "using the PPT to buy all markets at the same time." It's a conspiracy theory.
Maybe it's true, but either way that would be no different than private bankers and financiers in the late 19th and early 20th century who, during financial panics, would step in to shore up the stock market with massive purchases. Same crap, different day.
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LOL...cultist. ;D
Not sure what your definition of cultist is, but I believe investing in the stock market isn't the only way to accumulate wealth. You should know that by now if you've paid attention to my posts on the subject. And I am under no delusion that anything is being done on my behalf. Calling someone a "cultist" because they disagree with you is no argument at all.
Everything you said above is no different than what has already been said about the stock market throughout history: When abandoning the gold standard in 1973, with the creation of the PPT in 1988, with the creation of the TSLF in 2008, and so on and so forth. Same crap, different day.
There is currently no proof that the government is "using the PPT to buy all markets at the same time." It's a conspiracy theory.
Maybe it's true, but either way that would be no different than private bankers and financiers in the late 19th and early 20th century who, during financial panics, would step in to shore up the stock market with massive purchases. Same crap, different day.
A stock market cultist is somebody who refuses to acknowledge the growing counterparty risk. The boiling frog analogy applies here.
You are talking about 100 years ago when we have the issue below that is nothing like before. Keep in mind that graphic is before Covid-19....it's much worse than this.
We've printed what - 6 TRILLION in the last month? Rates near zero and likely going negative. Bond market is trashed.
(https://www.debtconsolidation.com/media/national-debt-increases.png)
Can anyone be aware of these issues and think that their money is safe for the next 20-30 years or whatever your retirement exit strategy is?
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A stock market cultist is somebody who refuses to acknowledge the growing counterparty risk. The boiling frog analogy applies here.
You are talking about 100 years ago when we have the issue below that is nothing like before. Keep in mind that graphic is before Covid-19....it's much worse than this.
We've printed what - 6 TRILLION in the last month?
(https://www.debtconsolidation.com/media/national-debt-increases.png)
1973, 1988, and 2008 was 100 years ago? Are you a visitor from the future?
Sure, this time it's different. I never heard that before. :D
There is always growing risk with any investment, and there're never guarantees. Choose investments with the level of risk that you can tolerate, and be content with the returns (mediocre or exceptional) you receive from your choices.
Everybody wanna get exceptional returns, but nobody wanna take no heavy @$$ risks. :)
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either way that would be no different than private bankers and financiers in the late 19th and early 20th century who, during financial panics, would step in to shore up the stock market with massive purchases. Same crap, different day.
...like I said.
My opinion is to be in the market as a passive long term investor - like you Jack Bogles on here claim you are - you would have to believe that it is fundamentally sound. It's clearly not.
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...like I said.
Like I said, same crap different day.
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The Fed has never bought everything like they are now, just for starters. They are both vastly increasing the money supply and using the PPT to buy all markets at the same time.
The market is broken at the most basic level....finding market value. This is not simply a "pattern" you can time or dance around.
If the Fed didn't buy like that - equities would find their true value(certainly not DOW 23k with half the country shut down for a month), that is an honest risk/reward system. We have made the market being inflated artificially a national security issue and basically ended natural supply and demand forces in our own markets.
As a small investor you have to look at all that and know it is not being done on your behalf. If not, as I said before you are a cultist living in the 90s financially and ignoring the obvious future perils of these actions.
Douchebag - you know jackshit about the economy. You spend all day on Getbig trying to "educate" us. Oh brother.
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Douchebag - you know jackshit about the economy. You spend all day on Getbig trying to "educate" us. Oh brother.
(https://encrypted-tbn0.gstatic.com/images?q=tbn%3AANd9GcSpLP0SyQL4IN4LZrFatOeSnj8IDMDnsRkYnzdTNQyUKNH1rorT&usqp=CAU)
You sound like you lost 40% in the market or something. Guess you don't like a different point of view.
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My opinion is to be in the market as a passive long term investor - like you Jack Bogles on here claim you are - you would have to believe that it is fundamentally sound. It's clearly not.
That's your opinion, which by the way it happens to be the same opinion of fund managers, financial advisors, stock brokers, whole life insurance salesmen, and other hardened criminals and conartists since the creation of the first index fund in 1975.
Same crap, different day.
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That's your opinion, which by the way it happens to be the same opinion of fund managers, financial advisors, stock brokers, whole life insurance salesmen, and other hardened criminals and conartists since the creation of the first index fund in 1975.
Same crap, different day.
Haha, okay man. Fair enough. Timing is a lot of it for me as far as the pre-tax benefit, etc. I have no intention on waiting until 70 to retire.
I'm just glad I don't live in one of these states that plans on being closed until June. Total madness..
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Haha, okay man. Fair enough. Timing is a lot of it for me as far as the pre-tax benefit, etc. I have no intention on waiting until 70 to retire.
I'm just glad I don't live in one of these states that plans on being closed until June. Total madness..
Good luck to you. I mean it.
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Agree. When Fed takes the market off life support there will be potential for a huge downside...if the Fed allows it. They may swoop back in and buy everything until it really breaks the whole system.
I think consumers in general and small businesses who make it through this will be ready to be optimistic but there will be some lasting labor, social and supply chain issues and those issues affect even the Amazons and other business giants of the world.
I don't wish the market to go down in Trump's re-election year but you have to know this whole thing is on wobbly training wheels right now.
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Agree. When Fed takes the market off life support there will be potential for a huge downside...if the Fed allows it. They may swoop back in and buy everything until it really breaks the whole system.
I think consumers in general and small businesses who make it through this will be ready to be optimistic but there will be some lasting labor, social and supply chain issues and those issues affect even the Amazons and other business giants of the world.
I don't wish the market to go down in Trump's re-election year but you have to know this whole thing is on wobbly training wheels right now.
And businesses will be shutting down across the world leading to higher global unemployment.
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And businesses will be shutting down across the world leading to higher global unemployment.
The thing is because we have a global economy that is planned centrally they don't even care about employment the way a normal person does.
It's obvious when they tell this amount of people to stay home that it's more about numbers on a screen than people and they can change those numbers at will.
If you start thinking like they do you can see that a crash cycle is reverse engineered as a matter of tact and policy.
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Treasury could have given $1,000/household for 10 weeks to 110,000,000 households = $1.1 trillion ...
one half of the bail out package!!
Instead the richest got most of it.
WTF????
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Certain people have gone rather quiet on this subject. I wonder why...
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Treasury could have given $1,000/household for 10 weeks to 110,000,000 households = $1.1 trillion ...
one half of the bail out package!!
Instead the richest got most of it.
WTF????
That's what always happens... rich take the cake and the proles get the crumbs.
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Certain people have gone rather quiet on this subject. I wonder why...
Drug/alcohol benders. That's where most of the $1200 checks went.
Me?... I bought another AK and more ammo.
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The market rally has very little to do with the "funnymentals" of these companies.
It's ALL about the Fed and their funny money machine. They create money (really just 'currency') from nothing and throw it into the market and bailout whoever they want to. The Fed now OWNS the market. They no longer need permission from congress to do what they're doing like they did in 2008.
As long as the USD continues to be the worlds reserve currency, the US stock market will continue to rise (nominally). As the USD becomes more worthless over time, it's reign will eventually end, then the Fed will be out of ammo. That is when the real shit hits the fan.
I've been saying this for years and I'll say it again... you guys better have some physical PMs (gold and silver) in your possession as insurance, because that's the only physical asset that doesn't have any counter-party risk. It holds value and protects your purchasing power.
IF... everything goes to hell and we get fucked back to the stone age, ammo will be the new gold.
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The market rally has very little to do with the "funnymentals" of these companies.
It's ALL about the Fed and their funny money machine. They create money (really just 'currency') from nothing and throw it into the market and bailout whoever they want to. The Fed now OWNS the market. They no longer need permission from congress to do what they're doing like they did in 2008.
As long as the USD continues to be the worlds reserve currency, the US stock market will continue to rise (nominally). As the USD becomes more worthless over time, it's reign will eventually end, then the Fed will be out of ammo. That is when the real shit hits the fan.
I've been saying this for years and I'll say it again... you guys better have some physical PMs (gold and silver) in your possession as insurance, because that's the only physical asset that doesn't have any counter-party risk. It holds value and protects your purchasing power.
IF... everything goes to hell and we get fucked back to the stone age, ammo will be the new gold.
Unlikely the USD will be replaced as the worlds major reserve currency any time soon though.
USD, Euro, and Yen are still top.
Russia and China have been trying to change this, but have been unsuccessful.
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Unlikely the USD will be replaced as the worlds major reserve currency any time soon though.
USD, Euro, and Yen are still top.
Russia and China have been trying to change this, but have been unsuccessful.
It won't need to be replaced because it's slowly becoming worthless. Deflation now, massive hyperinflation later. Like all fiat currencies, USD is destined to fail: Weimar, Zimbabwe, Argentina, Venezuela, Rome, etc. Those are just the most known ones, there are 100's more.
Will we be alive to experience this?... probably. I feel sorry for people who have young children. Bad times ahead. It will make today's problems look like nothing. The Fed should be able to keep things going for a few more years.
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It won't need to be replaced because it's slowly becoming worthless. Deflation now, massive hyperinflation later. Like all fiat currencies, USD is destined to fail: Weimar, Zimbabwe, Argentina, Venezuela, Rome, etc. Those are just the most known ones, there are 100's more.
Will we be alive to experience this?... probably. I feel sorry for people who have young children. Bad times ahead. It will make today's problems look like nothing. The Fed should be able to keep things going for a few more years.
Maybe, maybe not. Who knows? I did hear/read this same thing between 2009 and 2011. Similar things were said during and right after the great depression, and when we got off the gold standard, and after the crash in 1987, and after the Dot-Com bust in 2002, etc.
How exactly do you personally invest in gold? Do you invest in gold ETFs, mining companies, or do you hold physical gold in your basement in a fireproof earthquake proof vault under armed guard?
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When/if the "stimulus" checks stop(aka millennial soup lines), you're going to see some real shit.
We have about 25% of the workforce that has filed for unemployment in the last couple months...the question is how many small employers closed shop and won't re-hire? The US consumer is buying about 14% less month over month even with all the fake money going out and all the time in the world to buy stuff.
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When/if the "stimulus" checks stop(aka millennial soup lines), you're going to see some real shit.
We have about 25% of the workforce that has filed for unemployment in the last couple months...the question is how many small employers closed shop and won't re-hire? The US consumer is buying about 14% less month over month even with all the fake money going out and all the time in the world to buy stuff.
Like what, for example?
Isn't the stimulus check a one time thing? It's not a monthly thing, is it?
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Unlikely the USD will be replaced as the worlds major reserve currency any time soon though.
USD, Euro, and Yen are still top.
Russia and China have been trying to change this, but have been unsuccessful.
The first Gulf war was predicated on the fact Saddam Hussein wanted to convince the Saudi's to start using the Euro instead of the USD for oil. He knew this would kill the US economy and wanted to force it. The USA instead started that BS war to ensure that never happened.
On a side note. China has been selling all of their goods for cash. unlike other countries that trade with the USA, China sells for money. They are estimated to be holding a couple trillion in US currency. Enough so that if they decided to dump it onto the open market the US dollar would become worthless. Why the USA will always suck China's tiny cock.
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Maybe, maybe not. Who knows? I did hear/read this same thing between 2009 and 2011. Similar things were said during and right after the great depression, and when we got off the gold standard, and after the crash in 1987, and after the Dot-Com bust in 2002, etc.
How exactly do you personally invest in gold? Do you invest in gold ETFs, mining companies, or do you hold physical gold in your basement in a fireproof earthquake proof vault under armed guard?
So your confirmation bias is telling you it won't happen, because hasn't happened... good luck with that over the long term.
TPTB are going to do anything and everything to keep the system propped up. I would not be surprised if trillions turn into quadrillions. It seems like it will go on and on, but there is no way this phony economy and fiat, debt-based financial system can continue indefinitely.
No paper PM, only physical PM in my possession... several well hidden fireproof safes... home alarm... no earthquakes here... and I am the armed guard. People who store their PMs in a private vault are going to be in for a rude awakening. You think some idiot with a gun getting paid $15-20 an hour to stand guard over your PM is going to hang around when the SHTF? The people at companies like Brinks will be raiding those vaults and taking off, never to be seen again.
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Like what, for example?
Isn't the stimulus check a one time thing? It's not a monthly thing, is it?
SOMEPARTS is correct.
Also, they are contemplating sending out more stimulus checks. Ever heard of MMT? That is going to happen in the future...pay people $1000-2000 a month to sit home and do nothing.
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So your confirmation bias is telling you it won't happen, because hasn't happened... good luck with that over the long term.
TPTB are going to do anything and everything to keep the system propped up. I would not be surprised if trillions turn into quadrillions. It seems like it will go on and on, but there is no way this phony economy and fiat, debt-based financial system can continue indefinitely.
No paper PM, only physical PM in my possession... several well hidden fireproof safes... home alarm... no earthquakes here... and I am the armed guard. People who store their PMs in a private vault are going to be in for a rude awakening. You think some idiot with a gun getting paid $15-20 an hour to stand guard over your PM is going to hang around when the SHTF? The people at companies like Brinks will be raiding those vaults and taking off, never to be seen again.
Did I say "it won't happen"?
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SOMEPARTS is correct.
Also, they are contemplating sending out more stimulus checks. Ever heard of MMT? That is going to happen in the future...pay people $1000-2000 a month to sit home and do nothing.
Correct about what?
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Did I say "it won't happen"?
lol - you just love going back and forth don't you, arguing semantics... just like that blipcoin idiot.
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Correct about what?
About what he posted. You have comprehension issues?
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lol - you just love going back and forth don't you, arguing semantics... just like that blipcoin idiot.
You just love putting words in other people's mouth, or is it a lack of reading comprehension? Did I say it won't happen?
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About what he posted. You have comprehension issues?
I asked him the following, and he hasn't had a chance to respond yet:
When/if the "stimulus" checks stop(aka millennial soup lines), you're going to see some real shit.
We have about 25% of the workforce that has filed for unemployment in the last couple months...the question is how many small employers closed shop and won't re-hire? The US consumer is buying about 14% less month over month even with all the fake money going out and all the time in the world to buy stuff.
Like what, for example?
Isn't the stimulus check a one time thing? It's not a monthly thing, is it?
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I asked him the following, and he hasn't had a chance to respond yet:
Like what, for example?
Isn't the stimulus check a one time thing? It's not a monthly thing, is it?
You seem fairly intelligent, so just knock it off.
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You just love putting words in other people's mouth, or is it a lack of reading comprehension? Did I say it won't happen?
Don't repeat what I wrote... I asked you first.
"Loco" huh. That seems more and more appropriate as I read your posts.
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You seem fairly intelligent, so just knock it off.
Don't repeat what I wrote... I asked you first.
"Loco" huh. That seems more and more appropriate as I read your posts.
Bossy, aren't you? I will do as I please. You don't have to respond to any of my posts if you please.
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I asked him the following, and he hasn't had a chance to respond yet:
Like what, for example?
Isn't the stimulus check a one time thing? It's not a monthly thing, is it?
Well, they are looking to pass additional stimulus and more in the point I could have noted the endless unemployment as well. You can't pay unemployment, stimulus or other "helicopter money" programs clear up until after the election and not see that there are going to be unintended consequences. It's about confidence as well just as in the stock market. We are at nearly 50% of people not paying federal income tax, this sort of thing puts everything more out of whack.
Nancy Pelosi said we need more bailouts for everything...like state and municipal govts...so they don't have to do one of three things - lessen services, lay people off or raise taxes...that's her paraphrased...but anybody with a brain knows that those things are just as likely to happen regardless if there is funny money involved. There is a real effort here to blur all the old numbers and record keeping because we were already at a tipping point fiscally.
I have been doing things the way I think best given what I've seen in the last several years. It seemed overly bearish occasionally but the way things have gone this year I just don't see a quick recovery at the people level. The institutional level is all fake - they can do anything they want...and with the help of congress and the fed - call it anything they want.
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June 09, 2020
The markets have shrugged off the recession, as the NASDAQ is on track for the quickest recovery from the lows it hit earlier this year. The index closed 1.13% higher at an all-time high of 9924.75 on Monday.
The S&P 500 also recovered all the losses for 2020, closing at 3,232.39, higher by 1.20% for the day.
https://www.benzinga.com/news/20/06/16208538/markets-soar-as-us-economy-ends-its-longest-expansion-in-history-enters-recession
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Everybody is pretending a loan default tidal wave is not coming - but it is. What's next - a debt jubilee for everyone who owes what they can't pay?
The NPR story below starts reporting the news and then ends up saying there is not enough being done, haha. Where is this money coming from? It's coming from future higher tax rates and dollar printing/devaluation....so if your 401k goes up 25% but the value of the dollar also falls 25% is there a net gain or are you being played?
https://www.npr.org/2020/06/03/867856602/millions-of-americans-skipping-payments-as-tidal-wave-of-defaults-and-evictions-
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True, but like warriors we will keep buying. Now is the time that separates the men form the boys.
And as I told you. The men who invested are now up big time. The girlie men who panicked and either sold off or failed to buy lost out big time. What a massive displacement of wealth we saw over the last 3 months!
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As an investor, we love panic. Its panic that produces volatility, which in turn creates very rare and very profitable opportunities.
Oh how I love looking at my earlier quotes. I hope some of you all learned a lesson...
As for me, I was already 70% in the market. I piled in with another 20%. Not perfect timing of the bottom but close. Up 27% overall on my corona investment, not including dividends also received.
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The market rally has very little to do with the "funnymentals" of these companies.
It's ALL about the Fed and their funny money machine. They create money (really just 'currency') from nothing and throw it into the market and bailout whoever they want to. The Fed now OWNS the market. They no longer need permission from congress to do what they're doing like they did in 2008.
As long as the USD continues to be the worlds reserve currency, the US stock market will continue to rise (nominally). As the USD becomes more worthless over time, it's reign will eventually end, then the Fed will be out of ammo. That is when the real shit hits the fan.
I've been saying this for years and I'll say it again... you guys better have some physical PMs (gold and silver) in your possession as insurance, because that's the only physical asset that doesn't have any counter-party risk. It holds value and protects your purchasing power.
IF... everything goes to hell and we get fucked back to the stone age, ammo will be the new gold.
Bitcoin is the answer to your problems my friend. And you know it.
xxx Blip.
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So your confirmation bias is telling you it won't happen, because hasn't happened... good luck with that over the long term.
TPTB are going to do anything and everything to keep the system propped up. I would not be surprised if trillions turn into quadrillions. It seems like it will go on and on, but there is no way this phony economy and fiat, debt-based financial system can continue indefinitely.
No paper PM, only physical PM in my possession... several well hidden fireproof safes... home alarm... no earthquakes here... and I am the armed guard. People who store their PMs in a private vault are going to be in for a rude awakening. You think some idiot with a gun getting paid $15-20 an hour to stand guard over your PM is going to hang around when the SHTF? The people at companies like Brinks will be raiding those vaults and taking off, never to be seen again.
Bitcoin is the answer to your problems my friend. And you know it.
xxx Blip.
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Everybody is pretending a loan default tidal wave is not coming - but it is. What's next - a debt jubilee for everyone who owes what they can't pay?
The NPR story below starts reporting the news and then ends up saying there is not enough being done, haha. Where is this money coming from? It's coming from future higher tax rates and dollar printing/devaluation....so if your 401k goes up 25% but the value of the dollar also falls 25% is there a net gain or are you being played?
https://www.npr.org/2020/06/03/867856602/millions-of-americans-skipping-payments-as-tidal-wave-of-defaults-and-evictions-
Everybody is pretending?
Banking giant Wells Fargo, one of the nation’s leading auto lenders for new and used cars, will no longer lend to many independent auto dealerships as a result of the financial risk that has resulted from the coronavirus pandemic.
https://www.foxbusiness.com/personal-finance/coronavirus-wells-fargo-indirect-auto-lending
And BTW, those who didn't buy into the panic, doom and gloom, and fear mongering, and held on to their stocks and bought even more are doing great right now. 8)
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Everybody is pretending?
Banking giant Wells Fargo, one of the nation’s leading auto lenders for new and used cars, will no longer lend to many independent auto dealerships as a result of the financial risk that has resulted from the coronavirus pandemic.
https://www.foxbusiness.com/personal-finance/coronavirus-wells-fargo-indirect-auto-lending
And BTW, those who didn't buy into the panic, doom and gloom, and fear mongering, and held on to their stocks and bought even more are doing great right now. 8)
It's like being "ahead" in poker.
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And BTW, those who didn't buy into the panic, doom and gloom, and fear mongering, and held on to their stocks and bought even more are doing great right now. 8)
Yep - I am possibly poised to break the 50m mark today. Sitting on 48.816m as of now!
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It's like being "ahead" in poker.
Only if you time the market, which is the opposite of what those people did. So no, it's nothing like being "ahead" in poker.
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As a retired person, my entire income is reliant on a healthy economy. Since there is nothing that I can do to change the current state of affairs, I'd rather not think about the future. One thing is certain most of us if not all of us are going to be affected in someway by the economic fallout from the CVID-19 pandemic of 2020.
One more thing is also certain. Life, business, finance, and commerce goes on...
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Yep - I am possibly poised to break the 50m mark today. Sitting on 48.816m as of now!
Good for you, but what then are you doing posting on getbig? You should be in a hot tub with a bunch of big booty blondes, drinking champagne and stuff.
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Only if you time the market, which is the opposite of what those people did. So no, it's nothing like being "ahead" in poker.
Gambling is more realistic. At least in poker you actually get access to your gains instead of the casino(govt) holding them hostage "tax deferred".
It's not a gain until you realize it and no matter what timing will be an issue because the exit terms are not up to the investor. The rest of the stock market valuation game is just about as factual as bitcoin at this point. The numbers mean nothing in relation to how things were measured before these huge bubble cycles.
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Bitcoin is the answer to your problems my friend. And you know it.
xxx Blip.
I don't have any problems. You assume waaaaaaay too much.... sociopathic fucktard
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Oh how I love looking at my earlier quotes. I hope some of you all learned a lesson...
As for me, I was already 70% in the market. I piled in with another 20%. Not perfect timing of the bottom but close. Up 27% overall on my corona investment, not including dividends also received.
One day buying the dip won't work anymore.
If you had bought calls (like I told you to) you would've been up 10-100x that.
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Yep - I am possibly poised to break the 50m mark today. Sitting on 48.816m as of now!
Your prediction track record sucks. When is Bostin Lloyd "going down", lol
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Yep - I am possibly poised to break the 50m mark today. Sitting on 48.816m as of now!
Modest too!
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One day buying the dip won't work anymore.
If you had bought calls (like I told you to) you would've been up 10-100x that.
True. But I stick to what I know. Companies already have enough leverage. So I don’t want a leveraged exposure to a company with leverage. Yes can make more but can also go very wrong. I can be very confident that a company is undervalued but not as confident as to when a company’s fair value will be realised. Buffett rule #1 - don’t lose money.
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Gambling is more realistic. At least in poker you actually get access to your gains instead of the casino(govt) holding them hostage "tax deferred".
It's not a gain until you realize it and no matter what timing will be an issue because the exit terms are not up to the investor. The rest of the stock market valuation game is just about as factual as bitcoin at this point. The numbers mean nothing in relation to how things were measured before these huge bubble cycles.
No, they're investing geniuses! ::)
There is a plethora of idiot savants who ride the coat tails of the federal reserves funny money machine. They claim they're "investors" and pretend to know something you don't. It's hilarious really.
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Gambling is more realistic. At least in poker you actually get access to your gains instead of the casino(govt) holding them hostage "tax deferred".
It's not a gain until you realize it and no matter what timing will be an issue because the exit terms are not up to the investor. The rest of the stock market valuation game is just about as factual as bitcoin at this point. The numbers mean nothing in relation to how things were measured before these huge bubble cycles.
Gambling is more realistic? Really? Is that what you advice young people, to play poker instead of investing in a 401K, IRA, Roth, HSA, and/or a taxable investment account?
In poker you get access to your gains, only if you have any gains at all. And after all your losses, you still pay taxes on any occasional, lucky "gains."
You have a problem with investing in the stock market in general, or just with tax deferred accounts? Why did you put it in quotes? Even if you ended up paying more taxes after retirement than you would before, it's still tax deferred.
Tax deferred accounts make it possible for people to invest more money earlier in life, which gives them more time in the market. Time in the market plus contribution rate are two of the best ingredients for success in stock market investing.
Either way, not all investment accounts are tax deferred, and tax deferred accounts can be converted to Roth at a time when you are in a lower tax bracket.
HSA accounts are 100% tax free, as long as you spend the money (principal and gains) on medical expenses. Everyone has medical expenses, and they are high, especially in retirement.
Then of course there's the taxable investment account. You pay taxes yearly on dividends, and you pay taxes on gains only when you sell. You get a tax credit if you sell at a loss.
All better than poker, but nowhere nearly as fun. :D
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Good for you, but what then are you doing posting on getbig? You should be in a hot tub with a bunch of big booty blondes, drinking champagne and stuff.
Here’s the funny thing. I was feeling pretty bad during first few months of covid. I’m a rational guy but it’s a sick feeling in the gut when you are down a mill or more in day. Worst day I think was around nearly 3m in a day. So at times like that one really is not in the mood for pussy, blowjobs or coke. And one really needs to keep a clear head to prevent any rash decisions. For me it was a time for reflection and lots of thinking. I forced myself to buy in more. Not easy to do but the right thing nevertheless. That’s the whole point of having some cash on the sidelines. I’m up now and have taken some small gains over the last week. Feeling better now :)
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Your prediction track record sucks. When is Bostin Lloyd "going down", lol
He did a deal with cops. Ratted to save himself.
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Here’s the funny thing. I was feeling pretty bad during first few months of covid. I’m a rational guy but it’s a sick feeling in the gut when you are down a mill or more in day. Worst day I think was around nearly 3m in a day. So at times like that one really is not in the mood for pussy, blowjobs or coke. And one really needs to keep a clear head to prevent any rash decisions. For me it was a time for reflection and lots of thinking. I forced myself to buy in more. Not easy to do but the right thing nevertheless. That’s the whole point of having some cash on the sidelines. I’m up now and have taken some small gains over the last week. Feeling better now :)
Way to go Captain Hindsight.
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"Be greedy when others are fearful, be fearful when others are greedy."
The fear mongering is getting louder and is coming from the people that didn't dollar cost average down, or sat there trying to time the market.
Most have no concept of what trillions of dollars means.
I wrote this in mid April, deep in covid time.
For the rookies that panic sold and held cash, read the quote I put in there from Warren buffett and look up what dollar cost averaging is.
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Gambling is more realistic? Really? Is that what you advice young people, to play poker instead of investing in a 401K, IRA, Roth, HSA, and/or a taxable investment account?
In poker you get access to your gains, only if you have any gains at all. And after all your losses, you still pay taxes on any occasional, lucky "gains."
You have a problem with investing in the stock market in general, or just with tax deferred accounts? Why did you put it in quotes? Even if you ended up paying more taxes after retirement than you would before, it's still tax deferred.
Tax deferred accounts make it possible for people to invest more money earlier in life, which gives them more time in the market. Time in the market plus contribution rate are two of the best ingredients for success in stock market investing.
Either way, not all investment accounts are tax deferred, and tax deferred accounts can be converted to Roth at a time when you are in a lower tax bracket.
HSA accounts are 100% tax free, as long as you spend the money (principal and gains) on medical expenses. Everyone has medical expenses, and they are high, especially in retirement.
Then of course there's the taxable investment account. You pay taxes yearly on dividends, and you pay taxes on gains only when you sell. You get a tax credit if you sell at a loss.
All better than poker, but nowhere nearly as fun. :D
This sounds like a Motley Fool investing 101 article.
I am giving no advice. I will say the 401k system was never about enriching small investors and that it will not be around in the exact capacity you quote in the long term because of the crazy financial things that are being done now. They can change the rules and they will - Joe Frickin' Biden could become POTUS and enact the New Green Deal - that chance would be enough for me, haha. To ignore this huge counterparty risk is a mystery to me but I'm a contrarian. I'm not writing a book about all of it on here. If you believe a majority of your wealth in the hands of the people who run this game is safe, go for it. At one time I was a believer as well....just seen too much at this point.
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This sounds like a Motley Fool investing 101 article.
To you it may sound like that because you may have very little to no experience taking advantage of all the different types of investment accounts and investment strategies. For those who do take advantage of all these long term, this is common knowledge and it's very simple. It doesn't take a financial expert to become familiar with these and take advantage of them to grow net worth. Anybody can do it.
I am giving no advice. I will say the 401k system was never about enriching small investors and that it will not be around in the exact capacity you quote in the long term because of the crazy financial things that are being done now. They can change the rules and they will - Joe Frickin' Biden could become POTUS and enact the New Green Deal - that chance would be enough for me, haha. To ignore this huge counterparty risk is a mystery to me but I'm a contrarian. I'm not writing a book about all of it on here. If you believe a majority of your wealth in the hands of the people who run this game is safe, go for it. At one time I was a believer as well....just seen too much at this point.
Clinton was president for 8 years, and Obama for another 8. 401K is still around, and the only changes have been for the better. Now there is 401K Roth too.
You seem paralyzed into inaction by fear of something that hasn't happened, fear of something that may never happen in your lifetime. That's okay. There are many other options beside 401K, as I listed them in my previous post here.
401K does have an advantage over other investment accounts, and that's the match offered by many employers. It truly is free money. Your employer matches your contribution up to a certain percent, and that money is yours to keep even if you leave that employer later.
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“A major catastrophe that will dwarf hurricanes Katrina and Michael will occur — perhaps tomorrow, perhaps many decades from now. “The Big One” may come from a traditional source, such as wind or earthquake, or it may be a total surprise involving, say, a cyberattack having disastrous consequences beyond anything insurers now contemplate.
When such a mega-catastrophe strikes, Berkshire will get its share of the losses and they will be big — very big. Unlike many other insurers, however, handling the loss will not come close to straining our resources, and we will be eager to add to our business the next day.” - Warren Buffett, 2019 letter to Berkshire shareholders