US US Politics General - Discussion of President Biden and other politicians

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Ita Mori said:
I don't think these hearings had the effect they wanted.
I went for a drink after closing and they had the CBS broadcast of the hearings on, but rather than be mortified, people were commenting that the idea of politicians in anguish brings them some joy amid the gas, housing, and food crisis. Others were asking why they were still on about this shit instead of working on fixing the nation's problems.

This is a deep blue county in a deep blue state. This theater is getting tomato'd by everyone.
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I agree with this analysis. The market has been dropping with inflation woes while gas prices continue to rise. The WSJ headline today is "Inflation Hits A 4-Decade High in May" not about January 6. No one outside of Reddit, Twitter or the media cares about it. Trump is old news. If anything it damages the Democrat party because it shows that they are focused on frivolous hearings while it costs regular Americans $100 to fill up to get to work. Its ignorant, tone deaf and the American people know it.

I would also add that rent is out of control and groceries are at eyewatering prices as well. People are getting chipped away at bit by bit.
 
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GoysGoneWild said:
What the fuck can I do to try to protect my assets from inflation? Right now I just have money sitting in the bank and I know I am getting absolutely fucked. But there is no familial knowledge on how to protect yourself from this. Invest in stocks? Idk. What are you people doing and are you seeing success with it?
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Buy ammo, batteries, antibiotics, and water filters. Trust me on this one.
 
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GoysGoneWild said:
What the fuck can I do to try to protect my assets from inflation? Right now I just have money sitting in the bank and I know I am getting absolutely fucked. But there is no familial knowledge on how to protect yourself from this. Invest in stocks? Idk. What are you people doing and are you seeing success with it?
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At this point unless you can buy property or even used cars, you don't have much. Bond rates are just a wash, C/Ds are a wash, Mutual Funds are safe. Guns right now will probably be the gold of 2010.

I didn't expect the car market to remain this bad with supply, and will probably be so for another year. But inflation and gas are just so much I don't know if you can make enough to make car flipping worthwhile.

All I know is make sure you have at least 1,000 in cash sitting around somewhere safe in your home, just for bug out purposes. 2,000 is better now.
 
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mandatorylurk said:
At this point unless you can buy property or even used cars, you don't have much. Bond rates are just a wash, C/Ds are a wash, Mutual Funds are safe. Guns right now will probably be the gold of 2010.

I didn't expect the car market to remain this bad with supply, and will probably be so for another year. But inflation and gas are just so much I don't know if you can make enough to make car flipping worthwhile.

All I know is make sure you have at least 1,000 in cash sitting around somewhere safe in your home, just for bug out purposes. 2,000 is better now.
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That's not much money.
 
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Meat Target said:
And seeds and gardening supplies.
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Can't go wrong with that. Would also recommend to print out some basic gardening instructions or maybe buy a book on the subject. Don't assume the internet or power will remain on at all times, find any useful information and print it out.

Oh yeah, also can't hurt to stock up on a lot of salt. A LOT. Helps preserve food and makes everything taste more palatable. Seems like such a minor thing now, but life will suck without it.
 
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Badungus Kabungus said:
Can't go wrong with that. Would also recommend to print out some basic gardening instructions or maybe buy a book on the subject. Don't assume the internet or power will remain on at all times, find any useful information and print it out.

Oh yeah, also can't hurt to stock up on a lot of salt. A LOT. Helps preserve food and makes everything taste more palatable. Seems like such a minor thing now, but life will suck without it.
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And creature comforts you can barter with, like cigs, booze, or candy. If you have kids or friends/relatives with kids, perhaps toys and games for them.

Though when it comes to gardening, it can't be that hard. Mesopotamian knuckle-draggers figured it out.
 
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Meat Target said:
And creature comforts you can barter with, like cigs, booze, or candy.
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That works too, just don't pick up smoking while at it. For booze the cheaper the better, quantity beats quality in this case. As long as no one goes blind, it's alright. Stuff like Everclear (or any other high proof alcohol) can be used for medical purposes too. Candy is a good option if you have kids, good for keeping spirits up.
 
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GoysGoneWild said:
What the fuck can I do to try to protect my assets from inflation? Right now I just have money sitting in the bank and I know I am getting absolutely fucked. But there is no familial knowledge on how to protect yourself from this. Invest in stocks? Idk. What are you people doing and are you seeing success with it?
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Probably I bonds or CDs. Depends on if you need the cash in the next few years or just saving for the long term. High yield savings account is another good idea.

Using a three index fund portfolio is a good idea for retirement / the long term, even if the market goes to shit. Just keep calm and stay the course. Fear selling is the worst outcome.

There's a thread on our business form about avoiding this crash.

I'm an idiot online, not a professional financial expert. So don't sue me when this fails. But I gathered this from r/personalfinance and r/bogleheads. They know their shit.

If you don't wanna invest in the market or even if you do, stocking up now on essentials is the first major thing you should do. Food, meds, ammo, guns, smokes, alcohol. Whatever will keep you comfortable if shit gets too high or if the shelves go bare.
 
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Who's President Is It Anyway?

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(Tell me, do my incessant Twitter screencaps get bothersome?)

tehpope said:
Probably I bonds or CDs. Depends on if you need the cash in the next few years or just saving for the long term. High yield savings account is another good idea.

Using a 3 index fund portfolio is a good idea for retirement / the long term, even if the market goes to shit. Just keep calm and stay the course. Fear selling is the worst outcome. https://www.bogleheads.org/wiki/Lazy_portfolios#Three_fund_lazy_portfolios

There's a thread on our business form about avoiding this crash.

I'm and idiot online, not a professional financial expert. So dont sue me when this fails. But I gathered this from r/personalfinance and r/bogleheads. They know their shit.
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CDs are low-risk, low-reward, but they're FDIC insured (for what that's worth/will be worth).
 
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Christ, things aren't going to get so bad you'll be bartering with liquor. Stop jerking off to fear porn. The smartest thing to do right now with a limited amount of money is stock up on food that'll last several years (properly stored grains, canned meat). There won't be food shortages that lead to outright starvation but there will definitely be price inflation and sporadic availability of many things. If I had the means I'd have 10 years of food.
Meat Target said:
(Tell me, do my incessant Twitter screencaps get bothersome?)
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Nobody's giving you bad stickers or complaining, are they? I like it.
 
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