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Thread: The Recession..

  1. #141

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    Quote Originally Posted by Miteysquirrel View Post
    That sounds like a lot of work for low return. Boring too. My strategy to beat inflation is to buy appreciating assets...things I like and need.

    Inflation is not just a hidden tax, its government sanctioned thievery.
    Yeah agree It's not something I have done or likely would do. My post was an exercise to try and understand the real loss myself and others experience if we do nothing with cash. For some reason I have difficulty with the concept of loss of purchasing power.

  2. #142

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    Quote Originally Posted by LongDonSilver View Post
    The debt deal just passed will add at least $5T more to that debt. Numbers of that size that can't even be imaged by normal people. It take a real genius in politics to understand how that makes any sense. Maybe Lindsay Graham will get to the bottom of it and explain it all to us dumb folks. AOC can maybe tell us how that's going to save the planet too. Idiots on the right, idiots on the left, perhaps we might be in trouble? More taxes is always the solution to these morons.

    https://www.youtube.com/watch?v=YNlffZb1pLU
    I don't remember if I posted this previously, or if anyone else did, but I read it in one of the articles one of the trouble makers here posted. Really have to keep an eye on these guys, they go all over the place with craziness and you'll never know what article they will try to get you to buy into. Anyway...

    If you earn $1 a second you'll make $31 million a year.

    Earning $31 million a year, it will take 1 MILLION YEARS to earn 31 trillion dollars.

    Just a perspective on what these "trillions" mean.

  3. #143

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    Quote Originally Posted by ynot2k View Post
    I don't remember if I posted this previously, or if anyone else did, but I read it in one of the articles one of the trouble makers here posted. Really have to keep an eye on these guys, they go all over the place with craziness and you'll never know what article they will try to get you to buy into. Anyway...

    If you earn $1 a second you'll make $31 million a year.

    Earning $31 million a year, it will take 1 MILLION YEARS to earn 31 trillion dollars.

    Just a perspective on what these "trillions" mean.

    Here is another comparison, just for 100 billion.

    About 117 billion members of our species have ever been born on Earth.

  4. #144

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    1 Trillion = 1000 Billionaires
    1 Billion = 1000 Millionaires
    1835 Andrew Jackson had US debt at ZERO $0
    175 YEARS later .......
    2008 Owebama started at $10 TRILLION, left 2016 at $20 TRILLION
    So from 2008 - 2021 (13 years) added $20 TRILLION

    https://youtu.be/1kuTG19Cu_Q

  5. #145

  6. #146

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    I just posted in the numi bucket for some visual capitalist infographics. Their are plenty to look at. I just did a search on the word debt and found a couple of good ones. We need to stop giving it away, I have my list of culprits but it's just me taking a looking around the job sites, what we build, what it is used for, job places, and see who's doing what, who is just extracting dollars vs. adding value, and how they are spent, who they are going to do, and what they do with them. I look at the demographics of men vs. women in industry, business, health care, education, government, and surmise who adds value, and how, or i.e. who is taking more than they are giving, not to mention consuming, what are they consuming, and does it add value, or make things better or worse for us collectively. I'm not feeling the greatest about inflation these days but I'm pretty reserved, conservative, hold no debt, love my tangibles, am still worth less than a million, and am currently following the herd, each month I put about 2k into index funds vs. adding an ounce of gold each month. One of these infographics put the recession projection out until April 2024.

    https://www.visualcapitalist.com/ris...-debt-ceiling/

    This is a fun one that starts with somebody holding onto a dollar bill.

    https://www.visualcapitalist.com/cp/...-owed-in-2023/

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