Author Topic: Second Stimulus Check Income Eligibility May Be Capped At $40,000 (Read 5605 times)

IroNat · « **Reply #25 on:** July 10, 2020, 11:21:05 AM »

If a paltry check from Uncle Sam excites you then you really need to aim higher in life.

lightweight83 · « **Reply #26 on:** July 10, 2020, 12:45:02 PM »

Quote from: IroNat on July 10, 2020, 11:21:05 AM

If a paltry check from Uncle Sam excites you then you really need to win higher in life.

You can look at it that way, or you can simply look at it as monopoly money and buy something you absolutely don't need at all but always wanted.
My girl thought I was a dumbass when I bought it, but I bought a super high end bluetooth speaker. I already had a HK Go+play (which is considered pretty nice) but I figured I'd give the legit best on the market a shot, as I listen to music all summer long in my backyard and wanted to have a damn near block party LOL!
At the end of the day I'm extremely happy with my purchase, but I have every other thing I need in my life right now. Figured why the F*ck not lol!

Mr Anabolic · « **Reply #27 on:** July 10, 2020, 12:59:27 PM »

Quote from: lightweight83 on July 10, 2020, 12:45:02 PM

You can look at it that way, or you can simply look at it as monopoly money and buy something you absolutely don't need at all but always wanted.
My girl thought I was a dumbass when I bought it, but I bought a super high end bluetooth speaker. I already had a HK Go+play (which is considered pretty nice) but I figured I'd give the legit best on the market a shot, as I listen to music all summer long in my backyard and wanted to have a damn near block party LOL!
At the end of the day I'm extremely happy with my purchase, but I have every other thing I need in my life right now. Figured why the F*ck not lol!

She's right. You should've bought something that holds value instead... silver, gold or ammo.

lightweight83 · « **Reply #28 on:** July 10, 2020, 01:12:28 PM »

Quote from: Mr Anabolic on July 10, 2020, 12:59:27 PM

She's right. You should've bought something that is useful and holds value instead... silver, gold or ammo.

Fair enough. I guess I just wanted to enjoy something and not have something holding or gaining value that I can't appreciate. I also have enough rounds to off most of the area if shit ever hits the fan! lol

In case you want to blow your next check on the same thing, Diamondboxx XL2 will legit knock your socks off! Sh*ts on every other speaker on the market, and it's not even close!

Humble Narcissist · « **Reply #29 on:** July 11, 2020, 05:02:49 AM »

Quote from: Mr Anabolic on July 10, 2020, 12:59:27 PM

She's right. You should've bought something that holds value instead... silver, gold or ammo.

Silver and gold are terrible investments. If the dollar plummets in value then what is gold and silver worth? It's worth is based on the dollar.

Flexacon · « **Reply #30 on:** July 11, 2020, 05:07:05 AM »

Quote from: Humble Narcissist on July 11, 2020, 05:02:49 AM

Silver and gold are terrible investments. If the dollar plummets in value then what is gold and silver worth? It's worth is based on the dollar.

Humble Narcissist · « **Reply #31 on:** July 11, 2020, 05:29:43 AM »

Quote from: Flexacon on July 11, 2020, 05:07:05 AM

Please enlighten me and how you will use gold and silver during hyperinflation.

Irongrip400 · « **Reply #32 on:** July 11, 2020, 08:43:17 AM »

Quote from: Humble Narcissist on July 11, 2020, 05:29:43 AM

Please enlighten me and how you will use gold and silver during hyperinflation.

I’m not sure. Maybe once everything resets and gets back to normal, that’s what will be used as the baseline for the new currency? I’m not an economist so this always is a question of mine too.

Mr Anabolic · « **Reply #33 on:** July 11, 2020, 08:51:13 AM »

Quote from: Humble Narcissist on July 11, 2020, 05:02:49 AM

Silver and gold are terrible investments. If the dollar plummets in value then what is gold and silver worth? It's worth is based on the dollar.

lol Oh my. You have a lot to learn young man.

Mr Anabolic · « **Reply #34 on:** July 11, 2020, 09:05:00 AM »

Quote from: Humble Narcissist on July 11, 2020, 05:29:43 AM

Please enlighten me and how you will use gold and silver during hyperinflation.

But, but, but... this can't happen in the US... can it?

Flexacon · « **Reply #35 on:** July 11, 2020, 09:53:54 AM »

Quote from: Humble Narcissist on July 11, 2020, 05:29:43 AM

Please enlighten me and how you will use gold and silver during hyperinflation.

If I own $10,000 worth of gold and silver today and then in 5 years there is a period of hyperinflation in the US. Then in principle I could sell my gold and silver to someone in Europe (somewhere there was no hyperinflation) for 10,000euros and then exchange that into the inflated US currency.

Humble Narcissist · « **Reply #36 on:** July 11, 2020, 11:58:58 AM »

Quote from: Flexacon on July 11, 2020, 09:53:54 AM

If I own $10,000 worth of gold and silver today and then in 5 years there is a period of hyperinflation in the US. Then in principle I could sell my gold and silver to someone in Europe (somewhere there was no hyperinflation) for 10,000euros and then exchange that into the inflated US currency.

Nothing wrong with owning a small amount like that for emergencies. Instead of trading it to Europeans for Euros why not just invest in some foreign currency now?

Humble Narcissist · « **Reply #37 on:** July 11, 2020, 12:08:15 PM »

Quote from: Mr Anabolic on July 11, 2020, 08:51:13 AM

lol Oh my. You have a lot to learn young man.

I'm not young but when I was young I was a stupid gold bug like many on here. Again, if we hit hyperinflation gold and silver are worthless because where are you trading it in for cash and why are you trading it for worthless currency? If hyperinflation lasted a short time you could trade it for cash after the reset if anyone wanted to trade you for it.

The best investments to protect from hyperinflation are real estate (especially primary residence), cash (foreign and domestic), food, guns and ammo, solar generator to produce electric if it goes down, medical supplies, household items like toilet paper and cleaning supplies. Obviously domestic currency won't help during hyperinflation but sure helps during the Covid 19 shutdown and other unforeseen disasters.

Flexacon · « **Reply #38 on:** July 11, 2020, 01:26:40 PM »

Quote from: Humble Narcissist on July 11, 2020, 11:58:58 AM

Nothing wrong with owning a small amount like that for emergencies. Instead of trading it to Europeans for Euros why not just invest in some foreign currency now?

Because then you might lose out if the foreign currency hyperinflates..

Gold and silver are like your safety net. Personally I have a lot of silver right now..

Humble Narcissist · « **Reply #39 on:** July 11, 2020, 01:28:32 PM »

Quote from: Flexacon on July 11, 2020, 01:26:40 PM

Because then you might lose out if the foreign currency hyperinflates..

If all currency worldwide hyperinflates we are all fucked unless you can live off the land.

Flexacon · « **Reply #40 on:** July 11, 2020, 01:30:42 PM »

Quote from: Humble Narcissist on July 11, 2020, 01:28:32 PM

If all currency worldwide hyperinflates we are all fucked unless you can live off the land.

That's when the guns and ammo hoarders come in to claim victory

Humble Narcissist · « **Reply #41 on:** July 11, 2020, 01:32:54 PM »

Quote from: Flexacon on July 11, 2020, 01:30:42 PM

That's when the guns and ammo hoarders come in to claim victory

Yep, and it doesn't hurt to live in the sticks.

Mr Anabolic · « **Reply #42 on:** July 11, 2020, 04:07:19 PM »

Quote from: Flexacon on July 11, 2020, 01:26:40 PM

Because then you might lose out if the foreign currency hyperinflates..

Gold and silver are like your safety net. Personally I have a lot of silver right now..

Smart man. Silver will go ballistic in the near future. Physical PMs are a great insurance asset... no counter-party risks either.

BTW Humble, you don't trade PMs for other fiat currencies. If need be, you trade it for goods and services. Gold has been a store of value and money for many 1000's of years. Hard to beat a track record like that. Also, just because someone owns PMs doesn't mean they're not diversified. I've mentioned cash flow RE on here many times, but in times like these with millions unemployed, will renters continue to pay their rent? There are some very tough times ahead. What we experienced over the last couple months may just be a 'warm-up' for what's coming.

Humble Narcissist · « **Reply #43 on:** July 12, 2020, 03:28:17 AM »

Quote from: Mr Anabolic on July 11, 2020, 04:07:19 PM

Smart man. Silver will go ballistic in the near future. Physical PMs are a great insurance asset... no counter-party risks either.

BTW Humble, you don't trade PMs for other fiat currencies. If need be, you trade it for goods and services. Gold has been a store of value and money for many 1000's of years. Hard to beat a track record like that. Also, just because someone owns PMs doesn't mean they're not diversified. I've mentioned cash flow RE on here many times, but in times like these with millions unemployed, will renters continue to pay their rent? There are some very tough times ahead. What we experienced over the last couple months may just be a 'warm-up' for what's coming.

Ha, ha, sure. You go into Denny's for breakfast and scrape off some gold shavings off your gold bar. Don't forget to scrape a couple extra gold dust specks for the waitress's tip.

Bevo · « **Reply #44 on:** July 12, 2020, 04:18:28 AM »

Quote from: Voice of Doom on July 09, 2020, 06:35:36 AM

“I think the people who have been hit the hardest are people who make about $40,000 a year or less,” he said.” - Mitch

That's right Mitch. Nobody making $41k and up got fired...or has bills to pay.

Mitch is a fucking moron, hope he drops dead soon

Punchable face of peace

Mr Anabolic · « **Reply #45 on:** July 12, 2020, 04:19:40 AM »

Quote from: Humble Narcissist on July 12, 2020, 03:28:17 AM

Ha, ha, sure. You go into Denny's for breakfast and scrape off some gold shavings off your gold bar. Don't forget to scrape a couple extra gold dust specks for the waitress's tip.

Don't be an ignoramus.

Pre-1965 silver coins are much more fractional and easier to use for transactions. Gold is a store of wealth and it always will be. You probably can't afford gold at current prices ($1800/oz), but you should get some of the silver coins I just mentioned... dimes or quarters, a $500 face value bag would be a good start.

If not, keep hoarding those fiat digi-dollars... they lose more and more value with time.

Humble Narcissist · « **Reply #46 on:** July 12, 2020, 04:28:31 AM »

Quote from: Mr Anabolic on July 12, 2020, 04:19:40 AM

Don't be an ignoramus.

Pre-1965 silver coins are much more fractional and easier to use for transactions. Gold is a store of wealth and it always will be. You probably can't afford gold at current prices ($1800/oz), but you should get some of the silver coins I just mentioned... dimes or quarters, a $500 face value bag would be a good start.

If not, keep hoarding those fiat digi-dollars... they lose more and more value with time.

I'm sure you can buy essentials with silver and gold coins when the shit hits the fan. What the hell is anyone else going to do with outdated currency that is worth nothing because the current currency is worth nothing?

Mr Anabolic · « **Reply #47 on:** July 12, 2020, 04:36:48 AM »

Quote from: Humble Narcissist on July 12, 2020, 04:28:31 AM

I'm sure you can buy essentials with silver and gold coins when the shit hits the fan. What the hell is anyone else going to do with outdated currency that is worth nothing because the current currency is worth nothing?

Okay then, so you do agree with me. Over and out.

Humble Narcissist · « **Reply #48 on:** July 12, 2020, 04:47:41 AM »

Quote from: Mr Anabolic on July 12, 2020, 04:36:48 AM

Okay then, so you do agree with me. Over and out.

I don't agree with you at all. I was being a smartass. You aren't buying shit with gold or silver.

Primemuscle · « **Reply #49 on:** July 12, 2020, 03:05:37 PM »

People who suffered a loss of income or additional expenses due to the pandemic would definitely benefit by getting some "free money" from the government. The moratorium on evictions in many states will be ending soon. People who are still out of work and can't pay their rent including any back rent owed are gonna be shit out of luck and a roof over their heads.

Many people's incomes, including mine have remained stable. Also, there are a lot of folks who have not incurred noteworthy expenses because of the pandemic. There should be a way to channel payments to the folks who legitimately need them as a result of the virus and not give money to those of us who haven't seen any loss and don't expect to.