www.forbes.com Nothing will happen. They will continue to default and blame it on c19 and there will be zero repercussions.If you are not ready, for this shit by now, just keep your ass high and head below the sand. The low hanging fruit (you) will not suffer as long as those who "Think" they are ready.
Covid-19 Related Municipal Defaults Begin
The Covid-19 pandemic will be the excuse for payment defaults for the rest of this year by a wide range of issuers. 5 so far, expect 50 or more by year-end.
The fall out from this B/S will not be ramping up faster until mid August to Sept, would be my guess. The total collapse of the unemployment system is just around the corner,...
Sadly you are right. Shortly after that will be welfare and that's when it will get really bad.
Which beckons the real question...how are smart people going to protect their assets with the massive inflation that's going to set in and a complete economic collapse? Is it time to buy Gold, Platinum and Silver en masse? Or just Pb?
The roving gangs are call members of the house and senators. They are busy bleeding us dry.
Your assets? Your assets will be what you can defend.
I have been stacking copper, lead and brass for many years. Time to convert fiat to pm's so that they can't take everything you have worked so hard for.
So how the fuck does Gov know you have vold or silver if you're buying from a local coin deale ?
IMR PB?
So far less than 1% of the $4T muni bond market is signaling trouble, but that won't stop op-ed pieces from coming out stoking the panic button. Less than 9% of the muni bonds are rated BBB- or lower, but corporate debt is 55% BBB- or less. The forced selling of hedge funds in the muni bond space also happened in the corporate debt high yield and equity etf spaces. Remember the folks in the Bear Pit calling for Dow 10,000 in March? It's was like I was reading Reddit from 2008 again. Bond funds are a herd mentality they feast off of headline risk just like a lot of the Bear Pit...think mutual funds. You know the people who sit inside and live their life from one coronavirus tweet to the next? There are people who invest like that too and that is how the outflows from all types of bond funds started....forced selling from people who had to do it scared the shit out of people who don't know any better and poof you have record outflows. You'd have to know a bit about the author of the Forbes op-ed, but he's a stamp collector and writes doomsday articles about bonds.....notice it was 3 weeks ago and he hasn't posted an article on it since? Wonder why that might be? He'd have to publish charts showing a ~ 16% increase off the lows......all by willing investors who know value when they see it buying great deals.Everybody is still freaking out I see!
So how are you reckoning we are going to see inflation vs deflation right now? The more the Federal Reserve keeps interest rates low the more cash people hold and defeats their goal in igniting some inflation....they have failed at for 30 years. Study Japan a bit....and Europe the last 20 years. Ludwig Von Mises nailed it long b/f central bankers failed it: human behavior. Tons of $ and low interest rates ain't gonna spur growth or inflation. The velocity of money has been on a downward trend and it's only getting worse.
Many who have had their heads in the sand, are already doing just that. The sale of solar an other items are no the rise in many places, to hedge peoples bets. Just the amount of off grid cooking an food preserving/processes devices should be a warning, to some. However many require a problem to be in their face before they wake up,...
To be honest I don't know. I can see both sides of the coin.
Well hey I don't now for sure either I just look at what these dick head central bankers have done for 30 years.....repeatedly failing the same way every time and it's going the wrong direction. They have been desperately aiming for it, but are going the other way....what a huge mess. I was just more curious to hear you expound how you envisioned inflation coming to roost at present....heck you may be dead nuts right I'm just not seeing the dots connect on it.
If I was young again you could be my financial adviser.
Yea there will be a time to pay the piper domestically and globally at some point. I've bet on the Federal Reserve's blatant announcement they will buy anything and everything remotely resembling paper assets. I believe many people involved in the debasement of our economy know it has never worked or will work, but they are totally committed to this path of deficit spending and they have to ride it to the end now. Look what happens to any market index in the world when their central bank tightens...they have tantrums and 10% pullbacks. Here's to hoping we don't have to put our Plan B's of self-sufficiency into motion.....still running with Plan A for the time being. Stay frosty.
Ha HECK no I could never sleep at night managing someone elses money.....the responsibility is so immense I would never have thought for a nano second to be in the finserv industry. Also, don't give all FA's too much credit it's frightening what so many of these people don't know all they do is pass a securities exam and shove money into risk buckets. Investing with a long term strategy takes discipline, but it ain't rokkit webbertry. Stay alert and frosty the volatility is far from over....lots more pain....and gain....available.If I was young again you could be my financial adviser.
Switch for the win . This shit needs to be routed . You don't see a whole lot of Demo Commi shit ever voin backward . It's a steady march down the shitter . I believe that everyone is wating for that big thing or Commie gun grab , attack or some such . I get the whole "Don't give them their Fort Sumper moment " but WTF . Governors ordered nursing homes to take covid positives . Essentially ordered the deaths of thousands of Seniors . The government that refuses to fix immigration , national debt , can't fix drug addiction, poverty , corruption , sedition or treason says another e trillion will fix the economy . We've been playing by the rules and losing ground at nearly every turn .
And all of it is smoke and mirrors!!people playing with other idiot's money ,buying and selling shut on paper.I'd rather buy a time share .
Pretty much, but it is what it is.....it's not investing any longer there can't be any 'fundamentals' in the truest sense of the word it's really more like a big casino. If the world actually knew the real value of anything they hold in their portfolio we probably wouldn't be on the internet right now. I wouldn't consider myself an idiot or everyone who invests as such, but rather someone who understands the risk that it could all evaporate over night like a fart in the wind. However that calculated risk to get some kind of return on their investible assets could also pay off with income and capital appreciation.
To each his/her own .myself I own land and I own it.I use it .in the last 3 weeks I have put up over 300 lb,s of wild pig .garden is doing well and grandkids caught pop a mess of bream to fry this afternoon.last weekend it was crawfish the weekend before wild turkey the grandgirl got this year. My whole family knows ,,,fit hits Shan !!!come home we will be fine
Hey owning land is a great investment. Are you able to generate any passive income from your land?
Timber ,hay and we sell some of our overall out of the garden .that pays more than you'd think but we keep 4-5 calves for meat for us and kids so saving us all money.
IIRC just a few weeks ago short term bonds went to the negative interest rate.
That's great any time a man can lay out a plan, meet his desired end goals and do it free of the shackles of indentured servitude(paying the bank).....he's doing something right. Best of luck to you and your family.
You need sign at firing line 'Bigfatcock is blowing high pressure loads'.
That's fantastic. What part of the country do you live in...out west-ish?
