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Election 2024: Dark Brandon to the Resucue!

LynahFan said:
And under that scenario, how much will the stock market be worth? How much will government bonds be worth? If you really think the world is going to burn and then flood and then sink into the swamp, where would you suggest that people should invest their money, if not real estate?

(I live 25 ft above sea level on a barrier island off the coast of Florida, so I'm not exactly new to this discussion)
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How about not investing and just friggin saving? Not everything has to be about accumulating wealth sometimes it is better just to do what you can to keep your status quo and protect yourself from the bottom falling out.

And...we are making our choices based on the idea that when the fit hits the shan we will be ready to deal with it. If the end is at some point nigh you cash out and move on. Houses are not blue chip stocks and pretending they are to try and build a wealthy/healthy portfolio is going to cost you when the bubble bursts hard again. Its called "saving for a rainy day" and it is something I learned to do from the Boomers I know who never did it and are screwed now even with Social Security.

I plan like everything will go wrong...I don't cross my fingers and hope capitalism will always save the day. It won't...
 
Handyman said:
How about not investing and just friggin saving? Not everything has to be about accumulating wealth sometimes it is better just to do what you can to keep your status quo and protect yourself from the bottom falling out.

And...we are making our choices based on the idea that when the fit hits the shan we will be ready to deal with it. If the end is at some point nigh you cash out and move on. Houses are not blue chip stocks and pretending they are to try and build a wealthy/healthy portfolio is going to cost you when the bubble bursts hard again. Its called "saving for a rainy day" and it is something I learned to do from the Boomers I know who never did it and are screwed now even with Social Security.

I plan like everything will go wrong...I don't cross my fingers and hope capitalism will always save the day. It won't...
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Your distinction between "saving" and "investing" is completely artificial. Saving is just one particular kind of investing; you're just investing at whatever your savings/CD interest rate is. Which is cool, but in a very real sense, that's actually just an investment in all the mortgages, car loans, personal loans, etc that the bank is making on your behalf. To quote George Bailey, "The money's not here. Your money's in Joe's house, right next to yours." If the world is burning and nobody is paying back their loans, how do you think the bank is going to give you your money? They don't have it. Oh, FDIC will bail them out? Then you're actually just betting on ITS solvency, which is tied back to the US Government solvency....which is the same outfit that backs Tbills, so you're no safer (and quite probably less safe) than if you had just bought Tbills directly.

There is no bottom - it's turtles all the way down.
 
https://www.threads.net/@cnnpolitic...QGz3JVUpSTiN8y1WE176DytmEFjGA0r9lUSAmv8l9tSFQ

The Republican National Committee last week sent out a scripted call to voters’ phones on behalf of new co-chair Lara Trump saying Democrats committed “massive fraud” in the 2020 election.
It’s the latest example of how the RNC under the former president’s daughter-in-law is perpetuating lies about the 2020 election, even as prominent Republicans say the party needs to look forward to win in 2024. https://cnn.it/3TVZWCB
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Cause that is definitely going to work...
 
https://www.threads.net/@maddowmadd...QGzc2JW6bleu6FK3P7YfMhMVe32kYxWlRY8E5JZlgzgmg

“One of Donald Trump’s county campaign chairs in New Hampshire lost his job as a police officer after threatening to kill his colleagues in a shooting spree, murder the department chief, and rape the chief’s wife in retaliation for his suspension over his relationship with a high school girl, according to a newly released report from an internal affairs investigation…”
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The best people...
 
Handyman said:
https://www.threads.net/@bidenharri...QGz3XCtgOffutriJd38a_wnKRJAJeuYVVzUnS9Yuhk-2w



Now compare that to Trump...

https://www.threads.net/@bidenharri...QGzwDB107decDnzdNbhOiaJWyNoif1pjCdsK3gkk4cgLg

Who is the old, senile one?
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https://finance.yahoo.com/news/heres-users-truth-social-feeling-005631143.html

"What is happening to DJT stock," one user said in a reply to a post from Donald Trump's official account, claiming they had invested their life savings into the company. "Please do something about the crash."
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"What is happening to DJT stock," one user said in a reply to a post from Donald Trump's official account, claiming they had invested their life savings into the company. "Please do something about the crash."
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Hey, I have a great idea. Buy EVEN MORE of the stock - that's sure to prop up the price for another 0.00003 nanoseconds!
 
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