PILOT SPIN
Spin Zone => Spin Zone => Topic started by: Lucifer on July 20, 2021, 01:52:10 PM
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So today is the 6 month mark of the Xiden Administration.
Let's take a look.
Record setting inflation, high energy prices, high food prices, shortages in various items.
Unemployment still high since we are still paying people not to work.
The southern border chaos of illegal immigration.
Let's see where we are as a country.
We have a president and vice president in office through a third world type nefarious election. We have the democrat communist on a spending spree with our money and borrowed money.
We have political prisoners being held on bogus charges in deplorable conditions. Our justice dept and FBI are no more than the muscle arms of the democrat communist. We have the joint chiefs of our military in bed with the communist democrats.
MSM has become nothing more than a state run propaganda machine. Big Tech has become the ministry of truth for the DCP.
The DCP has their hate groups ANTIFA and BLM still terrorizing citizens to show them either obey or your next.
Our public health is all into control of the population and nothing to do with actual science and health.
Oh, and we have the senate wanting to vote on an "infrastructure bill" (the largest in history) before the bill is even wrote.
Only 3 and a half years to go.
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This is a dystopian nightmare.
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This is a dystopian nightmare.
Could be, but the stock market is keeping our retirement investments at lofty valuations (for now.)
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Could be, but the stock market is keeping our retirement investments at lofty valuations (for now.)
oh, sure.
Just like Monday (19 July) when the market tanked because of fears of the DELTA VARIANT.... (said with a deep booming voice)
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But at least we no longer have the evil orange man bad, so it’s all good.
It is even worse than my worst nightmare before the election and we haven’t seen nothing yet.
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Could be, but the stock market is keeping our retirement investments at lofty valuations (for now.)
Don't know how old you are but I reduce my percentage in stocks as I get older. I will not be left holding the bag. But I've been saying we're due for a correction for years and was wrong, so.....
Theoretically interest rates should be rising and that won't be good for stocks, the housing market, employment, etc.
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But at least we no longer have the evil orange man bad, so it’s all good.
It is even worse than my worst nightmare before the election and we haven’t seen nothing yet.
I could sure go for a mean tweet and some of that $1.65 gas about now....................
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Don't know how old you are but I reduce my percentage in stocks as I get older. I will not be left holding the bag. But I've been saying we're due for a correction for years and was wrong, so.....
Theoretically interest rates should be rising and that won't be good for stocks, the housing market, employment, etc.
I’m convinced I will be a pauper long before I die. And not because I haven’t saved.
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I could sure go for a mean tweet and some of that $1.65 gas about now....................
Hell yes.
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Don't know how old you are but I reduce my percentage in stocks as I get older. I will not be left holding the bag. But I've been saying we're due for a correction for years and was wrong, so.....
Theoretically interest rates should be rising and that won't be good for stocks, the housing market, employment, etc.
I’m 65. I’ve attached a snapshot of our Fidelity analysis and I think I’ve blanked out the only part that shows anything other than distribution of assets.
I would expect a Biden or Fed induced bear market to drop stock prices at worst to half their current value. Bonds would likely decline also, but in theory not as much. Would definitely rebalance to either a 70/25/5 or 60/35/5 weighting then. When we start drawing SS at 70, likely will go to heavier weighting of stock, depending on market conditions.
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I could sure go for a mean tweet and some of that $1.65 gas about now....................
To be fair $1.65 was due to COVID and no one going anywhere. The lowest we saw last year was $1.36
If we compare to 2019 on the same date here, we were at $2.60 and are currently at 2.90, up a little over 10%
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Gas prices were way depressed long before COVID.
That's a comforting statement but not factual.
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Gas prices were way depressed long before COVID.
That's a comforting statement but not factual.
I gave a factual representation of 7/19/2019 to 7/19/2021
If you are saying that prices went down later that year you would be correct. The lowest I saw in 2019 was $2.10.
But you certainly cannot compare 7/19/2020 to 7/19/2021 as a fair comparison of anything.
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I gave a factual representation of 7/19/2019 to 7/19/2021
If you are saying that prices went down later that year you would be correct. The lowest I saw in 2019 was $2.10.
But you certainly cannot compare 7/19/2020 to 7/19/2021 as a fair comparison of anything.
I don't know where 'here' is, but in Florida the price of gasoline was down quite a long time before the scamdemic was foisted on everyone. Gas prices remained very flat for most of the last legitimate President's term.
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Here is the NE of Atlanta. These were the prices I paid for all of 2019
2/21/2019 | 2.299 |
3/1/2019 | 2.159 |
3/4/2019 | 2.159 |
3/5/2019 | 2.069 |
3/11/2019 | 2.299 |
3/12/2019 | 2.159 |
3/15/2019 | 2.159 |
3/23/2019 | 2.459 |
3/28/2019 | 2.599 |
4/1/2019 | 2.439 |
4/1/2019 | 2.719 |
4/2/2019 | 2.669 |
4/8/2019 | 2.619 |
4/8/2019 | 2.399 |
4/13/2019 | 2.469 |
4/20/2019 | 2.529 |
4/27/2019 | 2.759 |
5/1/2019 | 2.399 |
5/5/2019 | 2.459 |
5/10/2019 | 2.499 |
5/18/2019 | 2.299 |
5/20/2019 | 2.299 |
5/20/2019 | 2.299 |
5/25/2019 | 2.389 |
5/29/2019 | 2.369 |
6/6/2019 | 2.319 |
6/16/2019 | 2.259 |
6/18/2019 | 2.339 |
6/28/2019 | 2.299 |
7/11/2019 | 2.559 |
7/19/2019 | 2.599 |
7/24/2019 | 2.449 |
7/31/2019 | 2.429 |
8/2/2019 | 2.219 |
8/8/2019 | 2.179 |
8/10/2019 | 2.099 |
8/17/2019 | 2.329 |
8/22/2019 | 2.129 |
8/23/2019 | 2.199 |
8/25/2019 | 2.499 |
8/26/2019 | 2.339 |
8/26/2019 | 2.169 |
8/27/2019 | 2.129 |
9/2/2019 | 2.399 |
9/6/2019 | 2.159 |
9/13/2019 | 2.199 |
9/17/2019 | 2.279 |
9/19/2019 | 2.599 |
9/20/2019 | 2.519 |
9/21/2019 | 2.579 |
9/22/2019 | 2.689 |
9/23/2019 | 2.399 |
9/24/2019 | 2.199 |
9/30/2019 | 2.459 |
10/7/2019 | 2.379 |
10/12/2019 | 2.229 |
10/24/2019 | 2.329 |
10/29/2019 | 2.199 |
11/6/2019 | 2.229 |
11/11/2019 | 2.229 |
11/18/2019 | 2.179 |
11/22/2019 | 2.229 |
11/29/2019 | 2.259 |
12/1/2019 | 2.369 |
12/5/2019 | 2.499 |
12/5/2019 | 2.199 |
12/13/2019 | 2.299 |
12/21/2019 | 2.139 |
12/26/2019 | 2.099 |
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Don't know how old you are but I reduce my percentage in stocks as I get older. I will not be left holding the bag. But I've been saying we're due for a correction for years and was wrong, so.....
Theoretically interest rates should be rising and that won't be good for stocks, the housing market, employment, etc.
To trade for what? MM accounts paying 0.1%?
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To trade for what? MM accounts paying 0.1%?
Some say cyber currency. But that relies on an up and running electric grid. And you not losing your password lol! On the other hand the dollar sure is headed for total collapse if things don’t change soon.
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Some say cyber currency. But that relies on an up and running electric grid. And you not losing your password lol! On the other hand the dollar sure is headed for total collapse if things don’t change soon.
Cyber currency is backed by…nothing. I just don’t understand the treatment of things like Bitcoin as an investment.
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Cyber currency is backed by…nothing. I just don’t understand the treatment of things like Bitcoin as an investment.
The dollar is backed by... nothing. The faith of the US government? Why does that not comfort me?
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The dollar is backed by... nothing. The faith of the US government? Why does that not comfort me?
I get it, but at least it says it’s backed by the full faith and credit if the US government.
While that’s a shallow promise, for them to renig on THAT promise probably means that we will have already gone to war with China because we canceled their US Treasuries.
If I get fucked because my Bitcoin investment arbitrarily went to zero, to whom do I turn for recourse?
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If I get fucked because my Bitcoin investment arbitrarily went to zero, to whom do I turn for recourse?
The Great and Powerful Oz
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China wants to become the reserve currency of the world, something the US has held for a long time.
If the US loses that reserve currency status, then the dollar becomes like bit coin.
The Xiden administration and the DCP in conjunction with the CCP are willing to make that happen.
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Oh trust me, I’m plenty wary of electrons as “money”, but I’m trying to keep an open mind and not become one of those old people who refuses to give up the horse and buggy. The truth is, cyber currency (not just Bitcoin) is catching on in the open world of business, it is no longer the domain of underworld criminals and there is no sign that this will stop and every sign it will increase.
Bitcoin has become the main cyber currency so I’ll just talk about that. While all money has value only because everybody agrees it does, traditionally we could nail down its price by tying it to the worth of gold, for example. Then we went off the gold standard and governments began regulating it, which had a couple of bad effects, especially by increasing the supply by simply printing money, causing inflation.
You can’t do that with Bitcoin. Bitcoin is “created” by being mined using computers to solve complex equations, a process becoming more and more expensive. So there is a tight limit on the supply - there is no way to “print” a bunch of bitcoins all at once like the feds do with dollars. Therefore the value of a Bitcoin can only increase with time (other than short term fluctuations) unless everybody quits using them, and there is no sign that will happen, quite the reverse in fact.
Bitcoin is decentralized, meaning there is no authority controlling it. That’s bad in the sense that there is no government backing it with a promise, but on the other hand, there is no government to mismanage it. Its value cannot be manipulated by anything other than true free market supply and demand. So as long as it looks like the trend for Bitcoin to be accepted and used by people is surging forward, and it is, it is starting to look like it might be a wise investment indeed.
My main concern is that the government will try to take it over somehow or ban it, or otherwise impose authoritarian rule over it. They can’t really “own” your bitcoins but they can tax it and regulate it to death. Especially the corporate/government cabal we have in DC now. The more something represents free people engaged in consensual transactions for mutual benefit, the more our current administration hates it.
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The politburo will not stand having unregulated currency.
What the politburo in the US wants is a true digital currency, in which they control. Say something in social media against the state, they simply lock down your banking and currency.
Donate to a conservative cause? Immediately tracked, see above.
Get paid to work? It all goes through a central government agency. And they take their portion.
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The politburo will not stand having unregulated currency.
What the politburo in the US wants is a true digital currency, in which they control. Say something in social media against the state, they simply lock down your banking and currency.
Donate to a conservative cause? Immediately tracked, see above.
Get paid to work? It all goes through a central government agency. And they take their portion.
They are already talking about it. They want to create “FedCoin” which will be a digital currency managed and regulated by the federal government. It would not be mined like Bitcoin but they’d just say it exists within their centrally controlled servers, where they’d be able to manipulate the supply just like they do paper dollars.
They will use “climate change” to push this on us and ban Bitcoin. Bitcoin must be mined because the process is the “proof of work” that documents its value. That burns a lot of electricity. The FedCoin won’t need to spend energy doing that, because the feds will be the “trusted entity” that backs them.
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Oh trust me, I’m plenty wary of electrons as “money”, but I’m trying to keep an open mind and not become one of those old people who refuses to give up the horse and buggy.
That is exactly why so many old people are able to be scammed and swindled out of their life savings. The difference between you and them is that you seem to understand what you are doing. Too many older people try to use new technology without understanding all the pitfalls and fall victim to those that do understand both the pitfalls and the vulnerability of people, especially older people.
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That is exactly why so many old people are able to be scammed and swindled out of their life savings. The difference between you and them is that you seem to understand what you are doing. Too many older people try to use new technology without understanding all the pitfalls and fall victim to those that do understand both the pitfalls and the vulnerability of people, especially older people.
Yeah but they get scammed without technology just as badly in all the traditional ways. I don’t think cyber currency is any more risky than anything else for scams.
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To trade for what? MM accounts paying 0.1%?
I am not saying for others to sell stocks, just what I tend to do. However, I am more concerned with CAPITAL PRESERVATION the older I get and I'm 62.
What happens to Interest Rates when we get hyper inflation which the Fed is just starting to acknowledge? What happens to stock valuations when interest rates rise, and/or rise too fast?
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I am not saying for others to sell stocks, just what I tend to do. However, I am more concerned with CAPITAL PRESERVATION the older I get and I'm 62.
What happens to Interest Rates when we get hyper inflation which the Fed is just starting to acknowledge? What happens to stock valuations when interest rates rise, and/or rise too fast?
Between Social Security, Medicare, Medicaid, and soon Universal Basic Income you’ll never need to worry about losing it all.
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I agree. You never have to worry about losing it because in the future you will never have it in the first place.
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I am not saying for others to sell stocks, just what I tend to do. However, I am more concerned with CAPITAL PRESERVATION the older I get and I'm 62.
What happens to Interest Rates when we get hyper inflation which the Fed is just starting to acknowledge? What happens to stock valuations when interest rates rise, and/or rise too fast?
It's really all up to the Fed. As long as it costs nearly nothing to borrow money, the stock market is the only place to go to get reasonable return. If the Fed ever starts increasing interest rates, we will then see some people pull from the market.
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It's really all up to the Fed. As long as it costs nearly nothing to borrow money, the stock market is the only place to go to get reasonable return. If the Fed ever starts increasing interest rates, we will then see some people pull from the market.
Yep, this pushes people and their money into the Wall Street Casino. Funny how that works.
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Yep, this pushes people and their money into the Wall Street Casino. Funny how that works.
It's nearly the only game in town. Leave your money in a bank, money market, or CD, and you get eaten up by inflation.
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It's nearly the only game in town. Leave your money in a bank, money market, or CD, and you get eaten up by inflation.
Exactly. Hence why Wall Street wants your money in their casino. They win no matter what happens.
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Y'all clearly don't understand the situation. It's the government's money. It all belongs to them. You work, the money goes to the government, and then the government sends you what it thinks you should have. This gives you some illusion of freedom.
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Y'all clearly don't understand the situation. It's the government's money. It all belongs to them. You work, the money goes to the government, and then the government sends you what it thinks you should have. This gives you some illusion of freedom.
All true, except that instead of an illusion of freedom, it is more of an illusion of security.
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Our gas prices jumped a dime yesterday.
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Exactly. Hence why Wall Street wants your money in their casino. They win no matter what happens.
It reminds me of the old hikers in the woods joke, you don't have to outrun the bear, just your buddy. Everyone in the market is trying to outrun each other and hope they're not the one eaten by the bear.
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It reminds me of the old hikers in the woods joke, you don't have to outrun the bear, just your buddy. Everyone in the market is trying to outrun each other and hope they're not the one eaten by the bear.
or this...
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(https://i.imgur.com/fRSpTe8.jpg)
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(https://i.imgur.com/Wi2kcXA.jpg)
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(https://i.imgur.com/NOY3GRR.jpg)
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Our gas prices jumped a dime yesterday.
So did ours. Actually more. I was paying 3.19 and just paid 3.35. >:(
The MEDIA will ONLY blame "Summer Demand". Douche bags.
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And now some airports are out of jet fuel. Wonder what's next.
https://www.rgj.com/story/news/money/business/2021/07/21/passengers-reno-tahoe-airport-told-check-airline-due-fuel-supply/8044406002/
https://thehill.com/policy/transportation/564764-western-us-airports-face-jet-fuel-shortage
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We're being turned into a third world country right before our very eyes