NSFW Episode 20: Gov&#039;t Spending, SEIU, Legeredmath

Calculating Capex Summary

the_red_baron

Senior Orangutan

13y

What do you guys recommend is the most optimal way for one to protect himself against hyperinflation, US economy collapse and the other trouble you talk about in the beginning? Foreign currency in an overseas account? Which currencies/countries?

By the way, the guy from the video is a crazy douche. If you are lazy and/or stupid, you should be poor. If you have taken a loan, you have to pay it back. If someone is rich, that's because one way or another they found a way to get there. Not willing to pay back the money you took and hating on successful people is immature and retarded.

Sales and Trading Salary

Midas Mulligan Magoo

Almost Human

13y

Best Response

the_red_baron:
What do you guys recommend is the most optimal way for one to protect himself against hyperinflation, US economy collapse and the other trouble you talk about in the beginning?

Only two things known to man: guns and fertile land

Foreign currency in an overseas account? Which currencies/countries?

Meh. If the dollar goes down it's WW3, so everything will go to shit.

By the way, the guy from the video is a crazy douche. If you are lazy and/or stupid, you should be poor.

Does this mean we should seize Paris Hilton's money. Be weary of generalizations.

If you have taken a loan, you have to pay it back.

What if the asset you took out the loan to buy is worthless due to the direct/indirect actions of your lender?

If someone is rich, that's because one way or another they found a way to get there.

Inheritance? Theft? Con artistry? Mass Murder? Do the end always justify the means?

Not willing to pay back the money you took and hating on successful people is immature and retarded.

Hmm. Kind of like every TBTF bank is/has been doing? Gotta remember...the shit flows in two directions here. Nobody is not guilty. Though I get why you don't like the guy, there's a lot of validity in his points. Don't ignore the message just because you don't dig the messenger.

Where I unload on Twits and take verbal S***s

16rl

King Kong

13y

Maybe buy TIPS (treasury inflation protected securities), but then you are still linked to the US gov....

Authored by: Certified Sales & Trading Professional - ManagerCertified Sales & Trading Pro

cphbravo96

Human

13y

How about an extended segment next week...the big 2-1...that addresses your favorite adult beverages and some talk about March Madness/NCAA basketball upsets, etc. Unless of course we start firing Tomahawk missiles into a new country.

Regards

"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so." - Ronald Reagan

the_red_baron

Senior Orangutan

13y

Hey Midas, I think your comment about WW3 and everything going to shit if the USD collapses is a bit over pessimistic don't you think? Plus, CHF is known to have confidently withstood many turmoils of all sorts with great confidence. Please correct me if I'm wrong on this one.

Midas Mulligan Magoo

Almost Human

13y

the_red_baron:
Hey Midas, I think your comment about WW3 and everything going to shit if the USD collapses is a bit over pessimistic don't you think? Plus, CHF is known to have confidently withstood many turmoils of all sorts with great confidence. Please correct me if I'm wrong on this one.

There's pessimism and there's reality. I'm guessing that you are looking at a "WW3" scenario as a result of the current malaise...I'm looking at it as the goal. Marinate over that for a bit. You're absolutely right about the Franc, but it's useless as a reserve currency. The best thing we have going for us right now is that the dollar is tied to almost all global economic activity and that there just aren't enough Euros in circulation to take its place.

Where I unload on Twits and take verbal S***s

the_red_baron

Senior Orangutan

13y

Hmm... interesting point, makes me wonder whose goal would WW3 be and what they'd accomplish. Why would the rich&ruling want that, they would like things to stay as they are, in their favor. Why is the Franc useless as reserve currency? Because there's small amount of them?

Midas Mulligan Magoo

Almost Human

13y

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