I am legit scared of the future

Sinbin said:
..they’re using greed.
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Sounds absurd. Conflict of interest.

Thanks for the info Sinbin.

nooby_mcnoob said:
@dozu888 now it's time
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giphydwa.gif
 
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Yes all those things are a worry, have been for 20years and despite that and other issues, rather boringly, nothing ever seems to actually change, so chill and take each day as it comes, and if your not having fun, then your doing something wrong, fix it!!
 
nooby_mcnoob said:
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.
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Parents have to be smart when it comes to kids and their college decision making.

It's very simple, if people stop bullshitting.

If you can not afford to attend a certain college, go to a cheaper one. Period.

But people want to live the fancy life.

I'm sending my kids to least expensive college if they didn't earn a scholarship and I know full well they about to get loans for the next 4 to 6 years of their life.

I even know some parents who raid their 401k or pension to help pay for their kids college. I don't understand it. Just go to local university and stay home if you can't afford it.

But people wanna live that rich life. Living that rich life, comes with high price.
 
Stockolio said:
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 ?
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This is why I have been considering taking out mass loans, and just not have a care in the world.
Recently there has been a lot of talk about debt jubilee which has happened throughout history as well as MMT.
- I feel like only hyperinflation, forgiving of student loans, or a debt jubilee are the only solutions to this current economic situation.


What interests me is I remember back in 2008....I was in the inflation camp...considering where the US dollar was near all time lows. Obviously I thought with all the money printing it would weaken the dollar, but I wasn't aware of the need for dollars due to the debt.

Thus it was actually a good thing for the economy as a stronger dollar meant lower commodity prices, lower oil, etc....
But what worries me now is the structure of the US dollar on the charts as of 6.2.19 is telling me there is a high probability of the US dollar falling heavily from here.

This would be obviously inflationary and considering there is already a surge in inflation despite the US dollar rising......I cannot imagine what I would be paying at the grocery store/restauraunts, once the US dollar actually starts freefalling....
 
heavenskrow said:
This is why I have been considering taking out mass loans, and just not have a care in the world.
Recently there has been a lot of talk about debt jubilee which has happened throughout history as well as MMT.
- I feel like only hyperinflation, forgiving of student loans, or a debt jubilee are the only solutions to this current economic situation.


What interests me is I remember back in 2008....I was in the inflation camp...considering where the US dollar was near all time lows. Obviously I thought with all the money printing it would weaken the dollar, but I wasn't aware of the need for dollars due to the debt.

Thus it was actually a good thing for the economy as a stronger dollar meant lower commodity prices, lower oil, etc....
But what worries me now is the structure of the US dollar on the charts as of 6.2.19 is telling me there is a high probability of the US dollar falling heavily from here.

This would be obviously inflationary and considering there is already a surge in inflation despite the US dollar rising......I cannot imagine what I would be paying at the grocery store/restauraunts, once the US dollar actually starts freefalling....
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I expected 2008's doing from 2005 area, amazed it took so long for that bubble to burst, historically crazy inflation reduces the debts size, but they bailed the banks out and messed up that dynamic, while increasing debts, therefore delaying and creating a much bigger issue, before we get huge inflation to sort it out, think Greece, 1000% inflation, $5 won't buy you anything level of devalued, printing $200 bills to replace.
 
heavenskrow said:
This is why I have been considering taking out mass loans, and just not have a care in the world.
Recently there has been a lot of talk about debt jubilee which has happened throughout history as well as MMT.
- I feel like only hyperinflation, forgiving of student loans, or a debt jubilee are the only solutions to this current economic situation.


What interests me is I remember back in 2008....I was in the inflation camp...considering where the US dollar was near all time lows. Obviously I thought with all the money printing it would weaken the dollar, but I wasn't aware of the need for dollars due to the debt.

Thus it was actually a good thing for the economy as a stronger dollar meant lower commodity prices, lower oil, etc....
But what worries me now is the structure of the US dollar on the charts as of 6.2.19 is telling me there is a high probability of the US dollar falling heavily from here.

This would be obviously inflationary and considering there is already a surge in inflation despite the US dollar rising......I cannot imagine what I would be paying at the grocery store/restauraunts, once the US dollar actually starts freefalling....
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I think your in space and quite frankly, an idiot as well... Tired of you typing non sense, you keep typing and preaching this bullshit all the time, and you don't know what your talking about, you have no idea... None

With that much US Issued bonds across the world, please tell me how bids for dollars are gonna stop ? It's the Reserve Currency!!! There is no other currency coming even close in terms of demand, as long as the Petro Dollar exists, USD Strength isn't going anywhere. Some people are so biased against the US, logic goes through the window... How is the US Dollar gonna collapse ? Even in the global depression of 2020, I can't see how bids for USD would suddenly stop, doesn't make sense what your saying
 
Robert Morse said:
NYU-
View attachment 203418
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what a rip off - Daughter had NYU in play until it wasn't lol... 76k plus some walk around money, easy $100k per year... I told her that if she really wants to go I will pay, but this is the money she could just toss into QQQ and get a set-for-life portfolio.... I think it worked lol... she will go to the best SUNY campus with merit money and intercollegiate team with $30k out of pocket... ~$300k difference over 4 years can make or break one's personal finance for life
 
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