Just so that others can share in my joy, my vile father said he voted for Trump because he wants his 401k do good. Lmaoo. Literal record highs under Biden. His toxic religiosity really lead him astray...again.
Possibly "it is easier for a camel to pass through the eye of a needle than it is for a rich man to enter heaven" constitutes financial advice, though.
He didn't think he'd be included. He thought his proximity to power would mean he wins while everyone else loses. I wouldn't be surprised if he pushed for a market downturn just to try to make Tesla #1 in the markets by pressing everything else down.
Ok, yes, it's a rock and there's not much you can do with it. But think of all the things that rock won't do, like throw you in jail for something you said in an op-ed in a student newspaper.
Gold's value will probably keep increasing as countries try to find a neutral trade intermediary in lieu of the US dollar. Good time to be a gold bug tbh.
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Its a long over due correction. For instance. BOA has naked shorted silver. Hedge Funds naked shorted and dark pools AMC. The plunge protection team has been taken off line so the true value is known. This is a 40 year bubble popping due to the FED mismanagement. Banks made no money down loans to
2.) illegals under Biden and now they are self deporting under Trump. Housing will crash. SEC helped the law brakers IMO and corruption went wild under them IMO. Gold back in 1913 was 20 an oz. Now its about 1,152 an oz. See how much the FED has devalued our dollar? They have destroyed it IMO. But
3.) never mind that. The petro dollar started dying under Obama. China Russia and India now trade oil in the yuan and buying gold. Got to love a world currency reset of all the World Central Banks. So you want to blame the current administration but it goes much deeper and longer than people see.
well yeah its all fake currency, tfw 80% of all usd was printed during the covid "crash" that lasted a split second
they put a band aid on a broken leg and now they wonder why its not walking anymore
if the plunge protection team really isnt there anymore, ill put my order lower
Yes on the covid printing. Then after that oh say 3 years ago another 2 trillion for green energy and what not. Don't forget Tarp to bail out Wall Street Banks. More trillions of dollars. So about 20% for the covid crash and 40% for Tarp and another 40% printing green energy and housing illegals.
You know. That is a great idea. Print less money and the value of the dollar goes up. I still want it backed by gold and silver. I am for ending the FED. Prices drop and people can afford to buy more things. Like a house. Ever listen to Dave Ramsey? Live debt free?
Most of them are on slave visas from India, except for big balls and crew who are helping sacks hundreds of thousands but sure cry for the Tesla and X workers
I say good it is the karma yhey bought by backing this felon rapist, your ignorance greed and lack of paying attention you all knew he was screwed up that he had no clue you just thought you could control him for your tax cut and greed now you not going to get either.
For the past 100-odd years, Republicans almost always break the stock market or the economy or both. Business "leaders" who don't see this are always looking at the wrong things.
Those 401's are likely invested by the banks into stocks.
I'm not a financial expert, but he's got a point. If I were an American, I'd pull it out immediately and invest into concrete buildings.
I wish I understood the market better. My daughter (25) only started investing in a 401K last year (w/employer matching her contributions). She does not have a lot accumulated yet, but has seen it decline already. She doesn’t know what to do and I am of no help. 😢😢😢
Sadly there are a ton of people in your daughter's boat right now. I am no economic advisor or expert myself. Its hard for people to trust advice from financial institutions right now compounding the problem for the average person. Stability even if the yield isn't huge would be great lol.
Trump isn't going to run for office so what's it matter? The recession the capital class is orchestrating is going to ruin us. They and Trump will be fine.
The stock holding class worth a few million need to get scared for this shit shot to change. Right now too many still think this immoral, incompetent and criminal administration is good for business. It's not. It horrible for business and the capital markets.
Since Congress did away with corporate profit-sharing and pension plans, most workers (who set up 401(K)s to fund their retirement) are now in the same position with the other stock holders. The wealthy obviously hold more shares, but the workers still suffer disproportionately from this regime.
The billionaires want everyone to sell their stocks so they can buy them super cheap, consolidating wealth and power. Similar thing happened with housing in 2008
That was caused by plain old greed and short sightedness. It was free money to most of them, anyway. They sold off the packaged assets, CDOs and whatnot, that were garbage and left everyone else holding the reins.
Stupidity and ignorance is far more common then evil genius.
This is such a dumb conspiracy theory for people whom know absolutely nothing about markets. Crashing asset values destroys wealth; whose wealth do you think it is? What class of people do you think owns the majority of shares? dumb dumb dumb.
This has been one of the easiest calls of my lifetime. There’s an odd GOP bias on Wall Street where they think a GOP admin will propel the economy forward because “no regulation” and they excuse incompetence. The admin is full of misfits and morons. Nothing they do makes any sense. Act accordingly.
Wanna zoom out and scale the chart properly? Like I get it, shit is bad right now but don’t contribute to the problem by deliberately being misleading. This is 5693 to 5600 (less than 2%) and doesn’t show any historical context at all. The line literally cannot go up 100% of the time.
Unfortunately, a lot of us who didn't go Maga are going broke. I'm a week from becoming homeless. Lost work from a shakey economy already in December. Reliable work with reasonable pay is hard to find. Lost my car yesterday. Now, I can't get to either of my part-time jobs. It's over for me.
Letem eat cake or suck eggs? Hoards of wealthy greedy sociopaths voted for lower taxes v Democracy, fuckem. Years ago might have been "board rats" watching the ticker tape.In my 1st book, Invest for Success, said: I view the stock market as a giant arena of financial masturbation relying on greed...
but next week he will say never mind and stocks go back up. its mostly computer AI trading among the rich. Long term my IRA just go up and down. long term. its been a bust for the last 12 years. so unless you in and out, which also costs money your and me are screwed.
Will it take the entire economy to crash, perhaps a recession, or a depression for the MAGAT faithful to come to their senses? Will it matter at that point? I fear it will be too late. Are we going to eat the rich? Will the military help us or them? I have so many horrible questions.
There are lots of reasons why that would be a bad idea / not feasible. Typically you’d want some heavy diversity in bonds near retirement, but in a high inflationary period (ie post covid) lots of people stuck with stocks to stay ahead. Those ppl and others with unmanageable pensions are fucked.
It’s the main reason I support state-sponsored / mandated retirement plans. Lower overhead, base contribution is basically Social Security, still allows for market investment / accruals.
Worst case scenario is the government can’t pay it back, at which point we’re fucked either way.
The alternative is that individuals get screwed, or annuities go bankrupt and you are left with a 250k thoughts and prayers FDIC reimbursement. If the government fails, well there are far bigger problems to face that would also have wiped out market-based retirements.
The market would have to drop 50% to even get back to rational since the C19 gouging. It would have to drop 75% to reflect actual value. I don't see a problem. Infinite growth is unsustainable.
How many small hits to GDP can be made before it is expressed in a future earnings decrease? In no particular order: Tariffs, university funding, government employment, contractors fired, contracts being torn up, leases being torn up, reciprocal tariffs, travel boycotts, US product in boycotts…
Many voted for him as they felt he may bring jobs and reduce inflation. He's just mindlessly throwing tariffs around. Remember these voters also voted for Obama. They're feeling the negativity. They can switch. It's important to use the other platforms.
I’m surrounded by them and the ones in my state didnt vote for Obama. They hated the fact that a black man was elected and Trump starting his racist birther movement is what made them love him. They’ve been brainwashed for years by right wing propaganda and most are racist.They’re not like us.
Well I still try and engage. No offence at your age I wouldn't bother. You deserve peace then. I'll be the same, once I'm your age. A good chunk of voters took a gamble with him.
I think it's important to engage with all, as people are quick to stereotype. It's important to even go on Truth social in huge numbers and criticise Trump on these tariffs. It's about time he takes a chill pill, he's causing so much uncertainty.
I have a conspiracy theory 😳
Trump is deliberately driving down the stock so that he can buy at the bottom and then reverse everything he’s done to cash in on stocks rising astronomically 🤫
Yes... They want every company and everyone to go bankrupt. Fellon in cheif will try to blame it in biden... and then reform the gov as a nationalist dictatorship. And the billionaires will buy up everyone that was bankrupt for pennies on the dollar.
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All the big investment houses are advising calm and for investors to stay the course. Meanwhile, I wonder what the super wealthy and well-connected puppet masters who run those houses are doing.
It’s called the Orange Turd effect. America is run by the dumbest President ever! Stocks are only the beginning, next the economy, higher prices, unemployment. A Great Depression. Brought on by a dumb ass that knows nothing.
Notably, the Atlanta Fed is now showing that about 2% of that drop is gold purchases that don't normally count for GDP...but that even accounting for that GDP is shrinking
I need to re-read the methodology, but the gold-adjusted is new, no? I've never been a big-time GDPNow watcher - it's always felt a bit twitchy, but I've been watching more closely this quarter and I honestly don't recall seeing it before.
Totally new, they might have even added it today (I've checked it regularly for years). And it's absolutely because this is the first time that gold flows have actually mattered to the GDP calculation, which is interesting in and of itself.
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I mean they ARE dumb. But this isn't happening because they are dumb. It's happening because Elon is evil.
I laugh every time.
$IAUM $GOLD.
Prepare as best you can.
they put a band aid on a broken leg and now they wonder why its not walking anymore
if the plunge protection team really isnt there anymore, ill put my order lower
they are doing
the bump and pump and taking
the rest of the 401 k's
Chance of a recession went up from 3% under Biden to 50% as of today!
I'm not a financial expert, but he's got a point. If I were an American, I'd pull it out immediately and invest into concrete buildings.
Current: 41,768.20
That's in a little over two months.
Thanks Maga. Winning bigly.
Because this kicks support out from under Trump. Makes him easier to bring down...
I figured this was a little bit of hyperbole, but shit is actually tanking today.
The stock slide began shortly after the Commerce Department released data showing an unexpectedly steep increase in consumer prices.
Unexpectedly?
No woke go broke
😉
"All three of the major indexes (^DJI, ^GSPC, ^IXIC) closed lower on Friday. The Nasdaq Composite posted the biggest loss, closing 2.7% lower."
https://au.finance.yahoo.com/video/nasdaq-tanks-inflation-consumer-data-201130596.html
Housing is a bit different as it's a physical asset. And much more valuable, IMO. And the land the house is on is even more valuable.
They totally took advantage of the housing crash, but I doubt they orchestrated it.
Stupidity and ignorance is far more common then evil genius.
Billionaires: Time to wait til this bottoms out, then use my lithium mine as collateral for $10bil loan and now I own 50% controlling share of Google
But I think we are still way off the bottom
Bad: Biden did it
If I was close to retiring I would have taken ALL my money out the end of last year
Because this is some bullshit
Watching your million dollar portfolio be reduced to hundreds of thousands in just a month is fucked up
Worst case scenario is the government can’t pay it back, at which point we’re fucked either way.
Or safer than traditional stocks
No?
Really.
I got a long way to go to get healthy. Lonnnng way.
But there is so much shit baked into this system that I might break even in the year or two.
Dead serious. Boy am I going to feel smug and happy one day. Maybe.
Trump is deliberately driving down the stock so that he can buy at the bottom and then reverse everything he’s done to cash in on stocks rising astronomically 🤫
https://www.youtube.com/watch?v=rAb_p5DCC3E&t=5s
https://t.me/GOONERMOMMY10
Oh, everyone?
One "stock" of mine did great today, however.
Bring it on.