patrick.net

just any guy says

I'm richer than I have ever been, and bitches have never wanted my junk more than ever. Go Trump and MAGA!

Wine Women and Wealth. What more could a man want?

Unless something catastrophic happens, I don't see hyperinfaltion. In the free trade model,w e export inflation. If you can buy a Lenovo laptop for 100 bucks, who is going to buy an American made one for 800 bucks?
if you can hire a chinese worker , no rules, work 7 days a week, stays in dorm attached to the fatcory and only goes home twice a year-why would you hire an American worker with all rules, regulations, unemployment, lawsuits etc etc. Now if we slap an import tax, yes, but otherwise how is an unskilled worker's salary increase in the current environment.

lostand confused says

but otherwise how is an unskilled worker's salary increase in the current environment.

Slave labor and technology are the two main reasons why the wages for unskilled labor lags. Only government laws like minimum wages can reverse that.

The hotter the girl, the more expensive. Basic economic function.

Haven't really prepped. Just more discerning about taking on debt, living within our means, investing in something with value not tied to fiat currency, and long terms plans to move to the South Pacific. The last I'd probably due regardless of financial collapse though.

Strategist says

bob2356 says

Watch the tax cut money drive the equities and economy into froth hyperdrive. It's already started and the bill's not even signed

What's wrong with a strong economy and stocks? It's the goal of every government. Stop complaining.

Worked great 2002-2006.

mell says

The hotter the girl, the more expensive. Basic economic function.

My wife’s hot and she contributes a nice income. Not sure if she’s expensive, but I’d definitely say she’s a bit of a unicorn. Most hot girls don’t get and education or if they do, they don’t study anything useful.

Quigley says

mell says

The hotter the girl, the more expensive. Basic economic function.

My wife’s hot and she contributes a nice income.

Then what's wrong with her? Why did she merry you?

Quigley says

it seems to me that the last hyperinflation was the biggest giveaway to the middle classes of any in the 20th century.
When money loses 3/4 it’s value in ten years, a lot of debt vehicles lose their grip on the people.

Yes, as long as salaries surge to keep pace, then fixed mortgage debt really falls in value with inflation.

I feel fairly well set up for inflation since stocks generally ride out inflation pretty well. Prices for goods rise, so corporate earnings rise, so stocks rise.

lostand confused says

if you can hire a chinese worker , no rules, work 7 days a week, stays in dorm attached to the fatcory and only goes home twice a year-why would you hire an American worker with all rules, regulations, unemployment, lawsuits etc etc.

This is why globalization is a disaster for ordinary working people.

Patrick says

This is why globalization is a disaster for ordinary working people.

But they are all globalists, just different flavors.

Quigley says

Have you considered that in the current economic climate, hyperinflation might be exactly the thing we need to escape the coming debt crisis?

Hyperinflation is usually caused by a complete loss of faith in the currency. It will be tough for everyone without productive real assets.

Peter P says

Patrick says

This is why globalization is a disaster for ordinary working people.

But they are all globalists, just different flavors.

What do you mean? That working people are also globalists because they benefit from cheap foreign consumer goods which destroy their own jobs?

Patrick says

What do you mean? That working people are also globalists because they benefit from cheap foreign consumer goods which destroy their own jobs?

Both candidates were globalists, just different kind.

That said, I am quite happy that Trump won.