gov plans to print 700$ billion more

Admin

Administrator
Moderator
Messages
2,915
#2
Yes they will do that to reduce inflation.

As we all know money is worth more the more we print of it.

 

win10

New member
Messages
2
#4
or maybe invest in metals

also what will it mean for the S & P 500 ?
Generally metals doesn't return super-well but metals like gold also tends to keep their value relatively well.

The 700 billion package might be the last the democrats are able to pass since the republicans are likely to gain seats in the senate during the mid-terms so i would not expect hyper-inflation from it.

Domestic manufacturing will likely be harmed by the "minimum corporate tax" (economists realize it's a bad idea but they passed it anyway of course).
 

Creamer

Well-known member
Messages
661
#5
Generally metals doesn't return super-well but metals like gold also tends to keep their value relatively well.

The 700 billion package might be the last the democrats are able to pass since the republicans are likely to gain seats in the senate during the mid-terms so i would not expect hyper-inflation from it.

Domestic manufacturing will likely be harmed by the "minimum corporate tax" (economists realize it's a bad idea but they passed it anyway of course).
unless they rig the elections (again)
 

Claire_Lovely

Active member
Messages
73
#6
how should one hedge that ?
invest in energy stocks or maybe try
Buy cryptocurrency, we are eventually going to experience severe hyperinflation in the United States. After USD collapses the only place to move to will be to gold, silver, and cryptocurrencies.
 

Admin

Administrator
Moderator
Messages
2,915
#8
Buy cryptocurrency, we are eventually going to experience severe hyperinflation in the United States. After USD collapses the only place to move to will be to gold, silver, and cryptocurrencies.
There are hundreds of other government fiat options, they are not just all going to zero.
 

Claire_Lovely

Active member
Messages
73
#9
monero seems like the best option
what do ya think ?
I believe that Monero is the best option to due to its privacy and fungibility. I most of the time suggest Bitcoin as a starting point for people when I first tell them of the problems with fiat, but for experienced cryptocurrency people, Monero is the most ideal.

There are hundreds of other government fiat options, they are not just all going to zero.
So for the most part many of these governments print endless money and take on costs that are much higher than their revenue. This is why countries like Venezuela experienced hyperinflation and moved towards the dollar. China recently experienced bank freezes due to a lot of money not actually being there in a fractional reserve system. Most countries move to the USD when their currency fails, but eventually USD will have issues to and the only place to go will be to sound money currencies like gold, silver, and cryptocurrency.
 

Admin

Administrator
Moderator
Messages
2,915
#10
Now biden is (at least trying) to spend 300 billion more bailing out people who didn't pay off their student loans which is blatantly unfair to people who did pay off their loans and to people who never went to collage in the first place.

This is largely driven by the fact that universities overwhelmingly are left/liberal (not republican) so naturally the democrats want to prop these up while republicans should do more to oppose the university indutry (they will not actually do much since they have a loser "limited government" mentality).
 

Claire_Lovely

Active member
Messages
73
#12
Now biden is (at least trying) to spend 300 billion more bailing out people who didn't pay off their student loans which is blatantly unfair to people who did pay off their loans and to people who never went to collage in the first place.

This is largely driven by the fact that universities overwhelmingly are left/liberal (not republican) so naturally the democrats want to prop these up while republicans should do more to oppose the university indutry (they will not actually do much since they have a loser "limited government" mentality).
Forgiving student loans is a good thing, but the problem is the government is likely to keep making them. Federal loans that are widely accessible created the problem of expensive university, as a university that once costed $20,000, could cost $40,000 if everyone could get a loan, but the problem is now people would be $20,000 in debt.

If loans are to be forgived, the federal government should also stop making them.
 
Top