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Money: Humanity's Biggest Illusion youtu.be/MFO6OtnmEDo via
Then why are YOU on X peddling predictions like everyone else here looking to make a dime off someone else insecurities?
If you called every move then why would you spend your energy on total strangers than with family?
Another boomer retard of the year…
#Inflation #Compound
Go ask any boomer or your parents would they give up their SS benefits for their grandkids? Or give up their assets BEFORE they die? What do you think they will say?
SHUT IT DOWN. ITS TIME TO GROW THE FUCK UP #Boomers
Apparently, boomers can’t add either.
Boomers’ prime working years were during falling inflation/disinflation, falling real rates, booming stock market and early housing market boom meanwhile heavy deregulation and plentiful services jobs with cheap goods from China…..
Remember when someone tells you ”boomers” had it easy and the streets were paved with gold they all spent; remind them they are angry children with zero economic understanding of the history of our nation since 1950.
Boomers born in the late 50s and early 60s got hammered. An easily understandable reality if you don’t have a 65 IQ.
Bur for the slow people in back let me help with and inflation rate chart.
”Boomers had it easy, we have it the hardest” 🙄
The future will not treat us kind if we betray our kids.
And that is what the boomers are doing. I don’t mean buying our kids out with future hopium entitlements. I mean give them the self respect to achieve more and be better people than us. And this is why boomers are POS. It’s not about the money. #payitfoward
Hate Boomers all you want to - it doesn't matter, we won't bother hating you back. We remember being young, shallow, and stupid - being YOU - ourselves, and we recognize the patterns we're now embarrassed at ourselves for. You'll get over it right about the time you become us, and are embarrassed for acting like a dick.
Yes our political system is run by robots last 50+ years since we left gold standard...
“High inflation is bad”
…depends on who you ask.
BREAKING: President Trump says higher US inflation will "pay off" US debt "very rapidly" in response to total US debt rising above $40 trillion.
"I know I'm the best in the world... you can pay off the debt through other means. But the one thing that you can do is pay it off through growth, and we've never had growth like this," Trump said.
US Treasury yields hit a new high of the day after the statement.
Bitcoin Daddy retweeted
My grandparents “retired” at 45 yrs old.
Multi millionaires.
They spent all of it before passing away.
I believe they only left $200k for my dad and his brother. $100k each.
They helped pay for their college but back then that was like $2k a semester.
After college they basically gave them nothing.
They enjoyed their hard earned money, which is perfectly fine. I get it.
But I don’t think I could do that to my kids.
Idk. Do you plan on spending everything or leaving your kids better off?
And you wonder why the world has turn to shit……presenting self serving mentality. “What if i die tomorrow so I should spend it all today”. Leaving a legacy doesn’t mean your kids just inherit just monetary wealth.
My uncle saved $650,000 for retirement.
Skipped every vacation for 30 years to do it.
Same truck the entire time. Packed his own lunch every single day. Never once ate out unless it was someone’s birthday.
Died with the full $650,000 still sitting there. Never got to touch a dollar of it.
His three kids split it evenly.
Gone in under two years.
New cars. A kitchen remodel. A trip to Cancun nobody needed.
He gave up three decades of small joys to leave behind something that disappeared faster than the sacrifice that built it.
Readers added context they thought people might want to know
Multiple accounts have posted near-identical versions of this uncle retirement savings anecdote with varying details on amounts and habits.
x.com/skumWgmi/statu…
x.com/Aaronbennett/s…
x.com/Zorx100x/statu…
Bitcoin Daddy retweeted
Nobody calls gold a Ponzi scheme.
Nobody calls real estate a Ponzi scheme.
Both require new buyers to maintain value.
Yet, some say bitcoin is a Ponzi.
Why?
In March 2020, when the world was coming to an end? Equity and futures markets had breakers , bank holidays , and global liquidity was frozen.
Did you see anyone shave off grams of silver eagles at Walmart to buy toilet paper?
Digital and contactless payments exploded.
#Bitcoin
If the dollar yuan yen ruble rupee are just money networks then China recycling dollars back into the global system at the same time putting gold in vaults just creates a greater network effect for dollars. 🤷🏻♂️ metcalfes law?
We run an annual ~$900B deficit with China
China is receiving $900B of USDs and we can clearly see they are less inclined to recycle into USTs (interest bearing dollars)
Instead, they sell USDs to buy Gold, bidding up Gold (in dollar terms)
China doesn’t run a 800B deficit with anyone (surpluses, in fact) therefore there is no country out there looking to sell 800B Yuan to buy gold.
Gold/yuan gets bid up less than gold/dollar does
Voila, over time, you’ve just set a new fx rate for dollar/yuan (one that means a weaker dollar/stronger yuan)
