RE: I ADMITT I AM GETTING A BIT SCARED, I NEVER SEEN THIS BEFORE.... AND WHAT IS STILL TO COME?

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RE: I ADMITT I AM GETTING A BIT SCARED, I NEVER SEEN THIS BEFORE.... AND WHAT IS STILL TO COME?

chekohler in The LIFESTYLE LOUNGE • 5 years ago

But we must remember these things aren't felt immediately supply chains have stock in transit, if this keeps up it will dry up so maybe you're not buying the dip but you still getting the things you need come crazy times

Well the US already printed 1.5 trillion to dump into the repo market, I doubt he'll stop printing anytime soon, this looks like buzz light year economics, print to infinity and beyond, its for sure a band aid and as Russia and the Saudis obliterate the US energy market with these price cuts its only going to put more pressure on the dollar as it could lose reserve status

I'm no fan of him either, all I've seen him do so far was enrich himself buy putting sock puppets at major banks and then getting them to grant low-interest loans to projects he has interests in

5 years ago in The LIFESTYLE LOUNGE by chekohler

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metzli 5 years ago

Maybe this mess will bring production of goods back to the US...

The panic buying won't last. There is only so much you can have before you say "enough." I think by mid- next week, we will be seeing songs from a different tune. By then, we will be more worried about "slow" internet as more of us stay home and put pressure on those networks.

Not looking forward to my upcoming electricity bill either... maybe I will ban daytime tv use and force the kids to use candles (j/k)

The US is in a downward spiral for sure, but it will be a while before we truly feel it, and by then I will be a rightful millionaire in the crypto sphere so all is good... And Trump wants that re-election, he has to keep fooling the people for a little while longer. Hopefully long enough for me to refinance this condo into a smaller payment. Than the housing market can crash and I can get into a home instead... this condo is destined to have my parents live it it. I just know it.

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chekohler 5 years ago

I hope so, you cannot have a country run on 70% consumer spending, I hope it wakes people up from the slumber they've been in if anything the government should be staring an SME fund to get the mom and pop shops back and stop dumping money into wall street so they can keep funding places like amazon and uber and cannibalising the markets.

Lol we'll you could go our way and do load shedding, our electricity gets shut off 3 times a day for 2 hours and we still need to get all our stuff done.

I also think his going to do anything he can to get re-election, his already starting a trade war with Europe now, the travel ban was just the first shot. Going to be an interesting time, I think the US sort of needs it, it's been coasting along for so long thinking money printing can solve everything.

I'm keen to see how crypto does in all of this, will keep buying and increasing my positions as I can.

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metzli 5 years ago

The United States DOES have too much consumer spending, but we forget that we have lots of natural resources as well.

We like to tell ourselves that California makes money from Hollywood and Disneyland and other such stuff but a truth is that California is a GREAT place to grow fresh, organic fruits and vegetables that can sustain the whole US.

It is just a matter of re-directing where we concentrate our resources and how we use them.

I have a love for my land that goes deeper than what the United States has done to it, and I see solutions that go many, many years back. We need to wake up, and majorly shift. I hope it can be done in a more or less peaceful manner so we can avoid many unnecessary pains.

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