I think the U.S. economy and potentially many fiat currencies are going to collapse this year.
The past two years of nonsense cannot logically continue, especially with a potentially shrinking U.S. labor force (we will see what the labor numbers are tomorrow, every death or injury of a young person at this point is a huge, huge problem). I know that people say that those coming over the U.S.-Mexico border are our replacements, but they are not as intelligent or skilled as us. They cannot produce what we produce currently. Businesses will continue to die out. The supply chains are already in disarray. Large corporations have significant vacancies, and many small businesses have little to no help. This is not sustainable, and I do not even understand how it is has been sustained up to this point.
No matter what the Supreme Court does with the challenges to the mandates, a titanic collapse is coming. Shortages are already seen in stores and by factory workers. Prices are in flux. Everything is uncertain. Yet, the stock market is at record highs. Bizarre world we live in.
Not a crypto guy, but I'm putting some of my more traditional wealth into that. Plan to put in a hand-pump well on my property and a decent food-producing garden come spring.
System-based wealth is for good times; skills, land, and community are for bad. At least that's how I look at it.
I have no idea if they are turning it into actual survival goods.
Skills and community and access to resources are the most important things right now. I am not a fan of crypto in this environment. If things were more stable, I would trust crypto more.
You and your family are on tight rations. A gentleman offers you crypto for a bag of rice. Do you trade your rice for crypto?
I mined some bitcoins over a decade ago more or less to see what it was about and sold them at around $12k. It netted enough to buy 160 acres of farmland at the time.
I stopped buying guns in 2020 and it's ammo and additional AR parts now that they are back down in price at or near pre-covid prices. I'm talking extra firing pins, etc..
Bitcoin is crashing hard. Its dropping below 42k, thus most crypto also follows.
Oh no, I'm only up several thousand percent! Whatever will I do!!!!!!
Dumb fuck, it is not crashing. It goes up and down... and every single time it goes down, it upswings dramatically to record numbers. This is why some people should not invest and deserve to be poor.
and yet the entire upswings of it over the past year were mostly due to luck. the long term trajectory of it will be unruly, at best, and if the cybergames continue- worthless
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seems like someone here bought high and sold low. lol. seems so angry and personal.
Yeah, no. Investor since 2008. Up maybe 5,000 percent. Stop spreading misinformation, you nigger kike.
Nope, I think those retards play the game of 'computar go up' computar never go down' that they are so focused on made up profits on imaginary currency, that once the crash comes down, they will be entirely blindsided and wonder how a function of value that exists only on the internet could ever let them down