I was talking to an over the road trucker yesterday and he told me about how loads going from Denver to California were paying $2,000 less a load than last year. It's coming
How could deflation occur when the federal reserve is constantly adding money to the supply? There will always be inflation with the current system, its just a question of how much.
I'm in favor of being skeptical of current narratives. But here's my thesis:
Regarding inflation: we are running huge deficits and the only way this government will pay them off is by decreasing the value of outstanding loans (by decreasing the purchasing power of the US dollar).
We have a bubble based economy. It goes from one mania to the next. Real estate had it's over-exuberance. Crypto has reached absurd levels. Technology stocks (AI especially) have reached their highs. Warren Buffet is holding more cash than ever (he represents the smart money). When the air comes out of those bubbles and people are disillusioned I predict a return to safe havens and that bubble already began last year in gold. That was driven mainly by central banks (smart money) and if true there could be another leg of the average person jumping on the band wagon (as people like to do).
Personally I think the gold bubble might take the momentum as the other's deflate.
Or maybe I'm wrong. I don't care all that much. At most I might lose 1/3 of my networth in the short term, but if I bet right maybe I double it. It's a fun game to play.
I was talking to an over the road trucker yesterday and he told me about how loads going from Denver to California were paying $2,000 less a load than last year. It's coming
How could deflation occur when the federal reserve is constantly adding money to the supply? There will always be inflation with the current system, its just a question of how much.
Lol this guy doesn't know how to use an ATM.
If you haven't gotten several chickens by now, you're probably not a strong candidate for making it through this
I'm in favor of being skeptical of current narratives. But here's my thesis:
Regarding inflation: we are running huge deficits and the only way this government will pay them off is by decreasing the value of outstanding loans (by decreasing the purchasing power of the US dollar).
We have a bubble based economy. It goes from one mania to the next. Real estate had it's over-exuberance. Crypto has reached absurd levels. Technology stocks (AI especially) have reached their highs. Warren Buffet is holding more cash than ever (he represents the smart money). When the air comes out of those bubbles and people are disillusioned I predict a return to safe havens and that bubble already began last year in gold. That was driven mainly by central banks (smart money) and if true there could be another leg of the average person jumping on the band wagon (as people like to do).
Personally I think the gold bubble might take the momentum as the other's deflate.
Or maybe I'm wrong. I don't care all that much. At most I might lose 1/3 of my networth in the short term, but if I bet right maybe I double it. It's a fun game to play.