Welcome to late stage capitalism, the only thing that matters is making more profit this quarter than last quarter.

You pay more and receive less. You produce more and get paid less.

This is as good as it gets, enjoy it.

problem is we are just kicking the can down the road. all economies. this never ending debt and money printing cycle is just going to continue. nobody will want to foot the bill for this.

especially those who are close to retiring (ironically they are the ones who are making msot of the decisions) will not want to see their inflated assets take a hit, while, those younger who are jsut starting to buy houses and accumulate assets have now accumulated at a higher cost base and dont want to see their investment deteriorate either. when does it stop? any crash automatically increases the gap between poor and rich as it allows the rich to consolidate more assets whereas the poor end up paying more becasuse of inflation.

everyone needs to be willing to take a hit for us to correct this course. it sucks but its necessary.

buy bitcoin

too much hype for something with literally no tangible value. would rather invest in housing in places where i can afford + has decent jobs that can support rent.

no tangible value, lol. i guess buy Eth if you're looking for more use cases.

but pointing out the inevitable economic collapse due to printing money and on the other hand disliking crypto currencies which are a direct answer to that very issue is pretty odd to me.

but its just another inflated asset class. even in an inevitable economic crash - what is crypto going to do? can't even sell it if nobody else can buy. even though i do dabble in crypto, i am still skeptical. as a ponzi scheme, there are few at the top who control the prices as always. at the end of the day, physical land/buildings will still be #1.

Prices going up, quality going down? Welcome to the last 30+ years.

This post was edited by Surfpunk on Dec 14 2021 09:47am

thanks boomers

sure if u have 100k you want to take on as debt or in cash buy land.

most people in the US dont have over 1k$ in their bank account, and can hedge against inevitable collapse with eth/btc buying.

we're only in phase one of crypto direct as payment acceptance, and a collapse of the US dollar will only speed that up.

i have stocks, i have bonds, i have land, i have a house, i am invested in many areas. but the direct counter to inflated money is uninflatable money, from the supply standpoint. 90% of BTC has been mined, and the last 10% may take 100 years.