Inflation

I put all my money into strippers' thongs.

Keep living a minimalist lifestyle and goof off for a little longer, and hope the view of whatever will end up in a history textbook one day won’t hit too close to home. Or at least that’s been my plan for half a decade now. Kinda contemplating when I want to jump in and do something more community oriented (whether as a job or volunteer idk)…since society could probably need some help rebuilding 🤔 Will probably wait that out another year or two though.

Continue teaching, working and living a meaningful life and try to enjoy the rest of my life and be happy with the help of:

1. High end escorts, models, centerfolds, pornstars that provide PSE/GFE for the sake of pleasure.

2. Mistresses/Sugar Babies/Strippers ITC OTC; etc, for the daily needs of our bodies.

3. Wife that bore us lawful offspring and is the faithful guardians of our home

4. Realistic Sex Dolls/Gynoids/Fembot, and Internet Porn and Instagram/Onlyfans “Models”, for kicks-and-giggles”

:D

Some of us said something about crypto

@Jackslash solid investment

@nice The places you go seem to all need help rebuilding, Portland, Denver, Minneapolis, so at least your in the right spots

A guy like Peter Schiff, I know some people call him a broken record, Dr.Doom whatever, but you really can't call him wrong. He's been spot on the last couple decades and it looks like we're staring down the barrel of some sort of dollar crisis, it's looking like he's going to be right again. I really hope not though.

I'm just going to hold the line on what I pay for pussy. Right now a 30 Minute VIP is 25% higher than it was pre Covid.

Currently planning an Ocean's 11 type heist of that trillion dollar coin as soon as Biden mints it.

A couple of months ago, I put in 20-25% price increases on everything for 2022. I was initially worried that was too much. Bookings are now higher than expected so I'm thinking I didn't raise prices enough. So I'm gonna put in another round of increases. Yes, inflation is back. I"m taking advantage of it right now. But it sure makes it difficult to think about any kind of early retirement. What might seem like a big nest egg, may not seem like that much money in a few years.

Planning on winning the Powerball

Wife and I will adapt. We enjoy life now, having money, but we also enjoyed life 30+ years ago when we had none. We have each other; nothing else matters.

It seems all I read nowadays is how this expert and that expert predicts the housing market is going to crash, the thing nobody can agree on is "when." I personally think as long as interest rates remain low it will stay healthy.

The one thing positive that COVID made me realize is to appreciate what I already have so with less frivolous spending and less purchases I like you just throw that shit in mutual funds and forget about it.

===> "I personally think as long as interest rates remain low it will stay healthy."

Agreed, but interest rates are going to have to rise eventually or else we'll never get inflation under control, especially with all of the money that the federal government is still shoveling out for COVID relief and whatever gets passed for infrastructure. Indeed in almost any other era the Fed would have already raised rates. When this happens, we're going to see some bubbles pop in real estate and the stock market.

Experts have predicted 12 of the last 3 recessions.

^^^ LOL. That is so accurate mark94.

For the avg investor/saver there doesn't seem to be much of an alternative but to stick it out in the market; there doesn't seem to be anywhere to park your $$$ where one gets some kinda halfway decent return to ride out these seemingly uncertain times - I guess if one is close-to, or in, retirement, and one needs their investments to live-on, then I guess you'd wanna park your $$$ for now

I asked at my favorite taco truck. They take plastic, but few people use it. So they used to get a big supply of coins each time they went to the bank. Now, the bank rations them way back so they don't have enough.

federalreserve.gov

usatoday.com

Our economic system has been broken for 150 years. Now it has completely collapsed, worse than the Great Depression.

The remedy is Social Democracy, implemented as 4 basic programs.

1. Universal Basic Income, no needs test, enough to live on.
2. Strong Public Housing offering, creates jobs, anyone can live there, cost is 1/2 of your UBI.
3. Medicare for all
4. Free College.

SJG

MistressViolet, understands the importance of high heels and makeup tuscl.net

I'm getting into minimalism.

Put a lit into gold and silver

I'm seriously thinking of stopping driving. For financial reasons and lowering my carbon footprint. Insurance and registration are coercive scams

This thread is entertaining

1. A divorce lawyer posting that he's happily married.
2. mark94 post- If pundits wrongly predicted 9 recessions, the 3 that did occur must have been a real doozy.

I'll probably negotiate a bigger raise at work, like most people. It'll probably only exacerbate the problem, as it flows up, but that's the reality.

I'll also likely put off buying a new home & just make some upgrades to this one and cross my fingers that it doesn't just get worse.

This much inflation does mean economic chaos and know one knows where this will go.

SJG

tuscl.net

PBS Newshour, deals with this economic chaos, as well as Trump's trying to overturn the 2020 election.

youtube.com

SJG

Missysocks tuscl.net

As I posted in another thread, I live alone and don't like to cook thus I eat out a lot.

There's a mid-tier Cuban-place near me - from time-to-time I'll order the churrasco-steak - pre-Covid it was around $21 - during Covid it went up to $28 - tonight I call-in an order and hit w/ that it's now $34 - I cancelled the freaking-order - I assume the restaurant likely has no choice as their prices are likely increasing; but this is getting ridiculous and I can only assume how many people are gonna start pulling back on consumption b/c of these ridiculous prices.

Fuck Joe Biden.

Its really Donald Trump and the Republicans and Nancy Pelosi and the Democrats who ran the printing press non-stop to make those bail out payments and the paycheck protection act. All that did was prop up landlords and mortgage lenders, while trashing our currency.

The remedy is in Universal Basic Income, strong Public Housing Offering, Medicare For All, and Free College.

Capitalism has collapsed, worse than the Great Depression. This has been building since the 1870's.

We could have changed it then, if we had followed the ideas of the economist Henry George.

en.wikipedia.org

SJG

tuscl.net

^ And when we're borrowing from China at 8%?

The Dems are throwing around trillions like they were 100-dollar-bills - we're close to $30-trillion in the hole and instead of tightening our belts they wanna pass a combined almost $5-trillion in new spending - and Bernie Sanders saying the $3.5-trillion package should have been $6-trillion at a minimum (according to him it should have been more than $6-trillion) - the economy is trying to recover and the government seems to be doing everything it can to stop it - the Dems wanna take over everything in this country including the economy so we have no-choice but to depend on them and be subservient and obedient to them - this is looking less and less like incompetence and more and more like a purposeful destruction of our country so their power can't be challenged in the future.

Whatever you do, spend less and save more, and build some cash aside for buying opportunities when markets correct. It could be 3-5 years away or sooner, but it always happens in overbought markets along the coast first, then spreads. Good indicator in the past, however remote work leveled some of that effect. Don’t hoard, but build more of a position in cash by not spending what I’m earning to offset future pricing is my plan. Simple.

Capitalism has collapsed.

UBI and Public Housing are needed.

The Democrats making bail out payments does not really help, just props up the real estate market, cause that is where the money ends up.

google.com

google.com

SJG

The Satanic Temple | Mental Health Abuse and Malpractice youtube.com

UBI and free shit will cause the dollar to collapse and inflation to run amuck, the opposite of what we want to happen. SJGoatfucker wants society to collapse so he doesn’t feel so lonely in an otherwise sane world.

Bacon!!

UBI will allow more people to have paying employment and profitable businesses, because there will be more money recirculating. You don't have to print more money to do this, because what is paid out will recirculate until either it is eaten up in taxes, or it siphons up to the rich.

You only need to raise taxes to get back that which siphons up to the rich. They do not recirculate the money, they use it to further inflate the securities and real estate markets. So since they will be the major beneficiaries, you do need to raise taxes on high incomes.

SJG

google.com

I get the impression SJG has his minimalism down extra on point where he won’t even notice any kind of inflation 😅

Ha Ha Ha. I see inflation. I don't personally care about it though, cause I have current ventures in play. The COVID precautions fucked me up, but inflation, recession, and depression don't really impact me. The Wealth Building Industry is a scam, cause it takes away from people's own ventures, where they use their own talents.

We are going to retrain all these financializers as grave diggers, so that they can finally do something useful.

SJG

In the Edwardian drawing style of the artist and occultist Austin Ousman Spare. That he would be interested in this Story of 'O' subject matter is plausible. tuscl.net

Government spending trillions of dollars --> Inflation Inflation --> cash buys less, fed raises interest rates Interest rates up --> bonds go down Inflation up --> worried investors sell stock (especially since we are due for a correction) until they realize that the companies are able to raise their prices and bonds are down --> stocks back up since salaries are not actually going up Salaries --> last thing to go up

Earlier this month I sold about 20% of my stocks that were doing too well, probably too soon, so I could have cash to buy stock in case the market panics when the debt ceiling is hit or the correction occurs. I will buy SVXY since it should over react to a panic and then over rebound. I will then plan to sell soon after the 3 trillion infrastructure is approved and the market gets excited aga, but interest rates have not yet risen. I will focus on the volatile green energy stocks (FCEL). Then I will convert bonds to the stocks that like inflation.

I only have about 4-5% in crypto. Most of the amount is profit. I intermittently sell after a bull rise for a few days, and then try and buy back in after the profit taking. Crypto is a game.

" inflation, recession, and depression don't really impact me"

Of course they don't affect you because you live rent free under a bridge, eat cat food or dumpster dive at Burger King, and get free internet at the library, but productive people have actual bills, families to support and have to think ahead to retirement. The only reason you constantly whine for UBI is because no employer will hire a psychotic creep and you're probably too lazy to work anyway and you whine for public housing because you're tired of shitting where you sleep under the bridge.

^^^^^^

And it takes time money and energy away from what could be your own creative ventures.

SJG

Iris Renee tuscl.net

^ Like writing rape cult fantasies on an obscure titty bar message board. Wonder how you're going to monetize this.

^^ Always learning, that is the key to all of the things I am doing.

SJG

tuscl.net

^ Yet you've been here 7 years and haven't learned that you're a standing joke.

How many years have you been alive, and you still haven't learned that you are a buffoon?

SJG

tuscl.net

^ Uh oh, triggered! No one here, where you spend half your waking hours, thinks of you as another other than a creepy mental patient.

Guess TUSCL keeps you more than 100 yards from a school or playground, so it serves that.

*Anything other than

^^^^ And Tetradon, you're own stupidity keeps you in check 24/7

SJG

Plus Size tuscl.net

^^^ Inflation rarely affects anyone who is a ward of the state.

Also, you don't know what 'plus size' means.

^^^^ Nor does it effect anyone like you Ishmael, a congenital imbecile.

SJG

"you're own stupidity"

I'll let this quote just sit there.

Your Asperger's/autism really shows when you try to be pithy.

^^^ Directed at SJG.

And Ishmael, your imbecilities really show when you try to pick a fight in a vacuum.

SJG

A lot of banks are only giving 0.04% interest right now. Even Marcus is only at 0.50%. If you want to beat the ~6% inflation, get yourself an account on a crypto trading website/app like Voyager or Celsius Network. On these sites, there is a stablecoin called USDC, which stands for US Dollar Coin. It is pegged to the US Dollar, so 1 USDC will always be worth 1 USD. These sites give 9% interest on USDC. If you invest $100,000, you will earn $9,000 in interest. You will have to pay taxes on the interest, but as long as you are in one of the lower tax brackets, you should be ahead of inflation. This is also a great retirement strategy. Lets say you have $1 million in cash upon retirement, you can generate $90,000 in interest each year, which is plenty for the average person/couple to live off of.

Interesting topic, but there's been a lot written about the need to regulate stablecoins. Yellen and Powell have both called for the urgent need to regulate stablecoins. The basic idea is that stablecoins look like an electronic version of money-market mutual funds, which have needed government intervention twice in the last decade. It's the wild-west right now, so invest in stablecoins at your own risk.

This is from the Economist which is behind a paywall. There are dozens of similar articles:

"Why regulators should treat stablecoins like banks" economist.com

Should be "crypto version of money-market mutual funds"

The trump plays from last week are still running well in the stock market. Today I’m still up on them. TRUMP 2024! 😂

I'm at a local Longhorn around 8:30pm Thursday eve and there is a waiting-list to be seated - I'm seating at the bar and it's also mostly full.

^ with no social-distancing

Founder raised the price of vip membership from $7 to $9 or a 22% increase

Nobody pointed that one out 😆

Back to Stablecoins: With 10-yr treasuries paying 1.6%, if someone tells you there's a liquid investment, tied to the dollar, paying 9% you should wonder what would happen during a crisis when everyone wants their money back.

If only a few Stablecoin investors lose everything, nobody gives a shit. But with over $100B out there in Stablecoins, it begins to present a systemic risk. That's why regulation is needed and why you should think twice before investing.

@nicespice I tried to get into volunteering when I was in my 20s. I'd thought I'd be among really nice fellow volunteers, but it turned out they didn't seem that nice to me. It's more complicated than it seems. Most people who need help also have some habits they'd be better off without. It's a fine line between really helping them, and just helping them to put off trying to break bad habits. A lot of volunteers have political and/or religious agendas, leading to friction if you don't share their agenda. Consider the similarities of working in a soup kitchen and being a lap dancer lol. Both involve helping people with fundamental biological drives. The first one pays much less. I think you might find the first is also a mix of dealing with appreciative people you can feel good about helping, and negative, creepy, entitled people.

Mainly I like stock mutual funds that hold companies that pay steady dividends. I hedge in with REITs, and, with IRA money US inflation-indexed bonds. Not confident I'll be OK like this if the world goes to shit. But I'm not confident I could or would want to survive it if the world goes totally to shit.

We've lost more people to COVID than we did in World War 2. The only thing that's better is that we didn't lose so many people in their teens and twenties, who got cut down when they were just getting going in life. People were scared in the aftermath of World War 2 also: youtube.com . But their fears were exaggerated. A lot of this alarmism is just Vanilla ISIS scare tactics. People who feel like we have to restrict voting, cause we can't have any more non-white Presidents. They have to get people into a panic so they'll accept rolling back all the progress in voting rights made since the 1960.

Bitcoin wasn't intended as an investment. It was a way to reduce the power of central and large private banks, and enhance financial privacy. It's a purely speculative "investment", like buying stock in a company with a zero book value that can never do better than break even. In any case, Bitcoin's use of Proof Of Work is using as much electricity as the Switzerland. Need to switch to a cryptocurrency that uses Proof Of Stake I think.