The Market’s Going To Go Up!
Your 401Ks will increase in ... numbers.
But the value will decrease. By maybe 40%.
"$10T Money Print! Fed’s New Plan Will Dwarf Bernanke Era"
If true, this is what also occurred in Oct 2023; the Fed dumped $10T into the market and stock prices went on a 14-month tear from then until mid-Feb of this year. Now they're talking of doing it again?
Do you feel richer from the Fed doing that the first time?
What this actually meant of course, is that the value of the dollar decreased so it took more dollars to purchase something of constant value.
Gold more or less holds its value - look at gold prices over the same period.
With the market turn-down since mid-Feb, the money people begin to get worried - their worth is decreasing.
How to fix that? Dump more money into the market; get those prices back on an upswing. Everyone looks at the "value" of their savings accounts - mostly IRAs and similar - and think "I'm getting rich; isn't life grand?" when actually, the purchasing power of that $1million dollars in your savings is not what one thinks of when becoming a "millionaire" (IIRC, a millionaire is now defined as someone having an income of $1m/yr rather than a worth of $1m. Like a lot of things, the definition had to change to hide reality.)
Certain things will gain in worth; most will decrease. Just because the dollar amount on your savings goes up doesn't mean your purchasing ability has gone up as well; likely, it's going down. There's government inflation numbers ... and the prices you have to pay. Which do you believe?
(I personally have two Federal items in my life - income and outgo - both adjusted to cost-of-living.
Funny how the COL for money coming in is less than the COL for the money going out)
I don't have recommendations. As they say; "The best time to prepare was 10 years ago, the next best time is now". It may already be too late to gain a "bug-out" location; locals most anywhere one goes - especially rural areas - are getting resentful of newcomers. Mortgage rates are high, likely going higher. Doesn't matter though, mortgages will be harder to qualify for regardless of the interest. Guns and ammo are good; not as important as many think though. What else do you need for when you can't get it? Electricity? Water? Food? Waste disposal?
I suspect the market over all will continue down, perhaps another 20%. I suspect a flood of "funny-money" into the market in an attempt to keep prices up.
I suspect a major war ...
It wouldn't surprise me to see an adjustment in our currency - effectively turning the present $100 bill into the "new" 90¢ ... as soon as they can figure a way to do so without bringing out the tar, feathers, and pitchforks.
When? It could be the process has already started; it could be it takes a few months. I'm doubtful we have years.
Since they just print "money" as needed, one might wonder why we pay taxes. Or could an "elimination" of taxes be the way to introduce/force this new currency?
The Trump administration - while far superior to the alternative - is not going to be hoards of men on white horses come to save the day. More likely, just one gang coming in to take the place of the old gang. "Meet the new boss; same as the old boss".
Has this administration really done anything more than blow pretty smoke? A few hundred undesirables kicked out, a few million/billion dollars supposedly saved? Fluffy news stories. Did your taxes go down with all those savings? All the investigations and revelations of criminality and corruption? Anyone high up arrested and convicted yet? Anyone else suspect these district judges are simply a distraction or an excuse? They don't have the authority to tell the Executive branch what to do; they have no national authority in any case. Why aren't they simply being ignored?
Once the baby-boomers are gone, all memory of the way it once was will be gone with them. It was a privilege worthy of thanking God for having been a young adult during the time of the American empire's greatest days.
Shouldn't read the news just before I prepare a post ...
Of course, I could be fully full of it.
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