I am legit scared of the future

[JSOP]

Signs of a bull market top.....
Credit at all time highs
Student loan debt at all time highs
Trump raising tariffs, sparking trade wars
Collapse of culture- music, no self respect, dumber population
Major resistance with the US DOLLAR which could be a huge turning in which dollar starts to weaken and inflation rises more than now..


Can anyone tell me I should be optimistic?
Should I just take out a crap ton of student loan debt now so that I can pay it off when hyperinflation hits?
What is gonna happen to America? Should I move to Asia?

LOL You think America is bad and Asia is better? Except maybe Japan and Singapore, Asia is way worse. Move there and see for yourselves.

 

[JSOP]

You're blaming student loans and I blame not-for-profit universities that provide free tuition to some and charge others $50K while their endowment grows. Why is a college book $250? Why can a professor make copies of a paper and charge $100 for 100 pages? None of this should be allowed if they are not-for-profit and pay no taxes.

If you can't afford a private university and still want a degree-Plenty of local colleges that provide a good education. https://www.baruch.cuny.edu/tuition/ . Nothing wrong with learning a trade- plumbing, electrician, contractor etc. do that for someone else for 5 years then start your own business.

And not only that many of the "not-for-profit universities/colleges" are downright fraud that do not teach students anything useful and from which the degrees/certificates issued are totally useless in finding a job in workplace and yet they laden students with hundreds' of thousands of dollars of student loans expecting them to pay back. It's those "schools" that need to be prosecuted and the founders be sent to jail.

 

[humbletrader2016]

Can anyone tell me what I should do to prepare for the coming shift?


TELL ME HOW TO PROFIT OR PRESERVE MY WEALTH DURING THIS COLLAPSE.
....

Build your own bunker and stack up as much gold as you can lol.... Well, you can treat it as a joke, but my spouse keeps asking me to buy some gold and store it somewhere.

 

[humbletrader2016]

Fiat money is backed by our imagination, money is created out of thin air. It's an IOU from CB's, different countries have different processes but it's mainly the same... ECB owns about 40 % of Europe's debt, after the banking crisis in Europe that is gonna happen, ECB will own 60-70 % of Europe's debt within few years after they pass a law allowing ECB to buy more bonds from each country in EU... Most new government debt buyer in Europe is ECB, not much bids at those rates, only buyer in town. As soon as Government Debt lands on the countries Central Bank balance sheet, it is technically erased. Yes interest is paid, but majority goes back to it's own government. Doesn't need to ever be paid back, just moving interest in circle, Government pays interest to CB for the bonds, CB gives back majority of interest paid to Government, Japan style. BoJ owns 50 % of Japan's Government Debt

Usually erasing debt is extremely deflationary in most circumstance, but in theory if the BoJ wanted to remove 1 Trillion Yen of Government Debt from it's sheet, nothing would happen in terms of Deflation... They created 1 Trillion, it added Inflation due to more money chasing same amount of goods, but completely erasing it from it's sheet wouldn't cause deflation, nobody would eat the loss since they created it in the first place and it's on their sheet... That's the mockery of Fiat, it's not backed by anything... Why is there extreme poverty, why isn't it a more equal world ? Money isn't real... At the whiff of key strokes, Trillions can appear or disappear.

Within 10 years once debt is just too out of control, Central Banks will start erasing Government debt off their sheets, it won't cause deflation in terms of Assets and Money in Circulation... Question is, what happens after that ? Pboc and BoJ guaranteed do that sooner then most think... Federal Reserve will eventually go down that path, a law will be passed eventually allowing direct purchase of Government Debt, create 1 Trillion, goes to payroll and government budget, then let's say erase the debt 5 years later, how would that be Deflationary ? It wouldn't except for the faith in the currency... When Central Banks start creating and erasing debt, then it'll be a very unique era and we're rather close I believe... Asia is gonna start it, but how does it end ?

Are you ZEROHEDGE???

 

[humbletrader2016]

LOL You think America is bad and Asia is better? Except maybe Japan and Singapore, Asia is way worse. Move there and see for yourselves.

Having been travelling to many asia countries in my whole life, there is no way that I'll move and live in asia permanently. I don't know how other expats can do it here, but for me I'm ready to go back home after staying here for 10 months.

 

[Robert Morse]

They still sell kids college books? I thought it was all Interwebs now. Wow.

NYU-

 

[nooby_mcnoob]

You're blaming student loans and I blame not-for-profit universities that provide free tuition to some and charge others $50K while their endowment grows. Why is a college book $250? Why can a professor make copies of a paper and charge $100 for 100 pages? None of this should be allowed if they are not-for-profit and pay no taxes.

If you can't afford a private university and still want a degree-Plenty of local colleges that provide a good education. https://www.baruch.cuny.edu/tuition/ . Nothing wrong with learning a trade- plumbing, electrician, contractor etc. do that for someone else for 5 years then start your own business.

None of this would be possible if students couldn't afford to pay such stupid expenses. Student loans enable tuition inflation.

I suggest to my kids all the time to learn some physical business. But when their mom and dad are both nerds it's likely they will follow in our footsteps.

 

[Sinbin]

Bought over 60 in the last 3 years, for no more than 1000 euros in total, the most expensive one was, Dalio's Principles, 30 euros, hard cover.

Maybe in US, you're using papyrus or something, to make them

Educational textbooks are always more expensive, at least here in the US. I’ve bought some of the Principles books (last one I remember is Debt Cycles) for no more than $25 on Amazon. However, some professors write THEIR own textbooks for the class. You can’t find PDF versions or even cheap versions of it. You can only buy through the school.

A former professor used to be an economic researcher for the NY Fed Reserve during the financial crisis... she did research on credit scores through specific quartiles to see which range of credit score was likely to default on mortgage payments. We had to buy the research. Not from her, but through the school. I don’t know if she got a cut, but it’s weird in my opinion.

Most expensive textbook I remember seeing the price/bill for was an applied Monetary Theory and Policy book which was somewhere around $325 and the code for homework’s and study guides being $125. I didn’t buy it.

I have been talking a big game about prices like this, however, I never really spent much money. Friends and I would always pull money for 1 book and share, but the codes are a different story.

They’re not using papyrus, they’re using greed.

 

[SimpleMeLike]

Bought over 60 in the last 3 years, for no more than 1000 euros in total, the most expensive one was, Dalio's Principles, 30 euros, hard cover.

Maybe in US, you're using papyrus or something, to make them




Have you seen this Simple ? ; that beauty , might be not so beautiful after all :

Could you expand on that, of what would happen ?

Nobert,

Long and Strong the S&P 500 index for the next 25 years. That video is all talk and no proof.

 

[nooby_mcnoob]

Nobert,

Long and Strong the S&P 500 index for the next 25 years. That video is all talk and no proof.

@dozu888 now it's time