I guess from that point of view it's time for you to pack up and leave I'm curious of the destination
Article from Forbes discussion on USD collapse
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Probably Brazil, free and dangerous
Turkey is a good option there December inflation rate is 64.8%.
That's certainly one take on the situation. Not remotely related to what I said, but one take.
Over the past few elections, there have been a lot of famous people who claimed they were going to move out of the US depending on how the election went. Last I checked, they all still live in the US, and they're all still famous and rich. Hmm.
If we are the envy why does USA news report how much the world hates us?
But to answer your "question" - people leave hopeless corrupt systems for free stuff and maybe just a little more hope. The problem isn't so much the hardworking folks. It's the criminals that come as well, it's their lack of knowledge of what true freedoms and responsibilities entail.
Local elections have elected people born in other countries who truly embrace our entire Constitution and BOR. Others who have little to no demonstration of the understanding why and how these rights exist. Almost as sad as people who have been here for generations. That is the core of many of our problems.
Too many people want mama/daddy .gov
The dollar is worth 98 percent less than it was in the early 1960s…
You think that’s good ?
Cause I don’t.
Sound money went way a long, long time ago.
Approved for and done by both sides for a long, long time.
It has eeen a ticking time bomb for a long time with a VERY long fuse… Now that fuse is getting short…
Look at the world starting to turn away from the US dollar.. Look at the decrease in our credit rating as a country.
We are continually passing markers that are NOT positive…. That’s not a coincidence.
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Yes, but this is not the "personal finance in the USA in 2024" post. Its dollar collapse post. So your frame of reference is not accurate.
Would you want to dollar cost average into German industrial companies in 1930, or Japanese companies in 1980? How about if I offered you some money that you have to hold. Would you rather have it in gold, or the Venezuelan Bolivar.
Closer to home - would you rather dollar cost average into the S&P 500 from 1980 to 2010 then retire, or buy long dated investment grade bonds and roll the capital appreciation over before you dollar cost in each year during the same period.
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Refugees have sewn gold coins into their clothing for millennia. I am too old, and can't sew
Neither? if you gave me either and I had to take it either way, I'd simply take it and then liquidate it back into cash. Either spend it (free money) or flip into an index fund.
No, but I wasn't investing back then. That was then, this is now.
30 years isn't a long time. Yeah I'd love to retire at 55. But had that been the case... work a few more, suck it up buttercup. In 2013 my portfolio was higher than what it was in 2007, and had I been wanting to retire in 2010, shame on me if I hadn't diversified into a low risk portfolio starting in 2005.
You're right, this is a doom and gloom thread. With that I'm out. There's nothing here for me to learn, other than the sky is falling and it'll never be sunny again.
Same with that bank run by that weirdo kid… Who was a WORLD champion…
Yeah… that was great too…
So much for that government regulation helping there ….
The “ IMPORTANT “ people in the government were in that weirdo wonderboys pocket…
Shocker..
And no… But don’t believe the US taxpayers should bail that bank out… Only the FDIC part should be covered.
Let them fail…
Put weirdo wonderboy in prison…
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This thread was never about investing, nor doom and gloom. Its about a very specific topic to do with currency. Take from it or don't.
The world hates us because of our success, power and freedoms
We've recently given the world 20 years of reasons to hate us, made conceptually worse by human's need to always have an enemy. Today it's Russia, tomorrow who knows.
Sort of to that point, I've posted this data set a bunch here, but anyone can throw a geometric mean on the appropriate year and time frame.
I was thinking the same thing .
Russia has always been a communist enemy to the USA thanks to the Ukraine there doing our dirty work with that we should keep feeding them military equipment. With that comes trickle down economics where people in the USA are put to work making newer and better military equipment. You can call it a form of welfare the government putting people to work.
