It's pretty sad when the news has zero credibility and we have to try and sift the fly shiett from the pepper ourselves. This is just a guy I've been watching off and on for lumber market updates that makes videos from his car.
He makes some pretty interesting points that this is all planned and there could be more to come. It's an interesting 10 minutes if you're interested.
I'm here to increase my social credit score and rub elbows with some of the highest rollers on the internet.
Artificially low interest rates for depositors sucks too. I am in the position in my life where I like getting paid interest on my money without having to risk the principal in a manipulated stock market.
Yes! As a college student I stood in a bank with my measly stash when CD's were doing 20%. Now I make money by just having money and it outruns inflation and my retirement withdrawals. Bring it on.
i sold 100 acres of floodprone hunting land about 9-10 years ago. was planning to buy property to build a house on. couldn't find any land that was where we wanted, still looking in fact, money sat there gaining no interest. wish i had put it in the market while Trump was in office, but just new I was going to find land just any day.
now, I'm finally drawing 5% interest on it. Made more money the first 3 months in the CD than i made in the previous 9 years.
i sold 100 acres of floodprone hunting land about 9-10 years ago. was planning to buy property to build a house on. couldn't find any land that was where we wanted, still looking in fact, money sat there gaining no interest. wish i had put it in the market while Trump was in office, but just new I was going to find land just any day.
now, I'm finally drawing 5% interest on it. Made more money the first 3 months in the CD than i made in the previous 9 years.
And land has doubled in price now.
The last time that bear ate a lawyer he had the runs for 33 days!
Artificially low interest rates for depositors sucks too. I am in the position in my life where I like getting paid interest on my money without having to risk the principal in a manipulated stock market.
I got to waste most of my youth paying off some 12.5% interest from the tailend of the Carter debacle. I was damn glad my Dad had really good credit. There were LOTS of people paying off loans at over 15%.
I'm out of the borrowing money phase of my life now.
Originally Posted by Whiptail
More ready for high interest rates than high inflation.
This is what I'm most scared of also.
I'm here to increase my social credit score and rub elbows with some of the highest rollers on the internet.
