gunn
5th Gear Poster
- Joined
- Sep 22, 2023
- Messages
- 396
- Location
- SF , CA
- Vehicle Details
- 95 T-bird with 5.0and m5r2 swap for lemons
We had this back in the other forum so while I'm on vacation, I thought it might not be a bad idea to post about nationwide events/threads.
Here's my speculation
- The dollar will drop in value overnight. All it will take to push it over will be a reduction in other nations central banks using USD as a reserve currency (aka store of value) and/or a change so the Petro currency of choice switches from USD to something else (most likely Euro).
- the US govt continued ham fisted attacks on our own citizens as a by product of cleansing this country of cheap labor will eventually trigger a violent response. This will be used as a pretext to use the insurrection act and cancel elections in Nov in some/enough areas in a bid to tip the scales. I have no idea if this will work but an attempt will be made.
- the loss of cheap labor will cause food prices to rocket up, removing healthcare subsidies will trigger more medical debt on people who can no longer afford insurance. While some of us can definitely afford these costs, this too will push people over the edge. Who will they lash out at for causing these woes? I have no idea.
Conclusion: I don't think things will get bad overnight unless domestic violence is triggered by desperate people or an abrupt change in power creates a vacuum which drives others to try and grab onto power. But things are going to get worse.
Im not super excited about keeping my money on equities. Besides putting my investments in inflation protected assets, I'm considering putting a tranche in foreign currencies.
Stuff is expensive and getting more expensive. Some longer term investments may be worth making now BEFORE the economy stumbles further and interest rates drop again to stimulate spending
Here's my speculation
- The dollar will drop in value overnight. All it will take to push it over will be a reduction in other nations central banks using USD as a reserve currency (aka store of value) and/or a change so the Petro currency of choice switches from USD to something else (most likely Euro).
- the US govt continued ham fisted attacks on our own citizens as a by product of cleansing this country of cheap labor will eventually trigger a violent response. This will be used as a pretext to use the insurrection act and cancel elections in Nov in some/enough areas in a bid to tip the scales. I have no idea if this will work but an attempt will be made.
- the loss of cheap labor will cause food prices to rocket up, removing healthcare subsidies will trigger more medical debt on people who can no longer afford insurance. While some of us can definitely afford these costs, this too will push people over the edge. Who will they lash out at for causing these woes? I have no idea.
Conclusion: I don't think things will get bad overnight unless domestic violence is triggered by desperate people or an abrupt change in power creates a vacuum which drives others to try and grab onto power. But things are going to get worse.
Im not super excited about keeping my money on equities. Besides putting my investments in inflation protected assets, I'm considering putting a tranche in foreign currencies.
Stuff is expensive and getting more expensive. Some longer term investments may be worth making now BEFORE the economy stumbles further and interest rates drop again to stimulate spending
