3 ms·

Can someone smart tell me how to profit from this if I believe this (plus everything else) is going to spiral into huge crisis?

datsci_est_2015 1mo ago
If you have to ask, you’re too poor or powerless to properly profit.
- heyitsmedotjayb 1mo ago
  I'll go and kill myself quietly then
  - cucumber3732842 1mo ago
    no, no, no, make sure you spend a lifetime working and paying taxes and implicitly supporting the system first.
  - xsmasher 1mo ago
    His reply seemed insulting but it's true. Anything you hear about on the news has already been "priced in." Everyone else in the world now has the same idea of what bandwagon to jump on.
tedggh 1mo ago
GenX/Millennial retirement communities abroad. There won’t be any SS funds left for that generation so they won’t be able to retire in the US.
- gedy 1mo ago
  I hear this a lot, and for decades - yet during this time US debt and spending has exploded, including things like covid stimulus, great recession QE, etc. We happily printed/borrowed/etc but when it comes to social security - gee you're just out of luck, no money left, sorry!
Camus134 1mo ago
In all seriousness - this level of debt will probably require somewhat high rates of inflation to reduce. I'd expect the inflation baseline to be relatively high over the next few decades. High inflation helps those who borrow with fixed terms. If you have a mortgage, don't pay it off. Don't pay off low interest rate debt. Consider acquiring a responsible amount of low-medium interest rate debt. Put your money into stocks and other assets that will appreciate with inflation.
- NewJazz 1mo ago
  Have you seen mortgage rates? You really think someone with 6.5% rate should not pay that off early?
  - Camus134 1mo ago
    [dead]
wolttam 1mo ago
Go ask a (capable, preferably open) LLM. If it doesn’t give you a direct answer it will give you enough of a starting point to start asking more questions. (This is not financial advice)
NewJazz 1mo ago
The best way to derisk would be to get out of the US and surrender your citizenship. But the alternatives may not be all that much better (France has marginally lower debt to gdp, japan has much higher, to give two examples).
deleted 1mo ago
[deleted]
naveen99 1mo ago
Learn the ways of the kangaroo.

datsci_est_2015 1mo ago

If you have to ask, you’re too poor or powerless to properly profit.

heyitsmedotjayb 1mo ago
I'll go and kill myself quietly then
- cucumber3732842 1mo ago
  no, no, no, make sure you spend a lifetime working and paying taxes and implicitly supporting the system first.
- xsmasher 1mo ago
  His reply seemed insulting but it's true. Anything you hear about on the news has already been "priced in." Everyone else in the world now has the same idea of what bandwagon to jump on.

tedggh 1mo ago

GenX/Millennial retirement communities abroad. There won’t be any SS funds left for that generation so they won’t be able to retire in the US.

gedy 1mo ago
I hear this a lot, and for decades - yet during this time US debt and spending has exploded, including things like covid stimulus, great recession QE, etc. We happily printed/borrowed/etc but when it comes to social security - gee you're just out of luck, no money left, sorry!

Camus134 1mo ago

In all seriousness - this level of debt will probably require somewhat high rates of inflation to reduce. I'd expect the inflation baseline to be relatively high over the next few decades. High inflation helps those who borrow with fixed terms. If you have a mortgage, don't pay it off. Don't pay off low interest rate debt. Consider acquiring a responsible amount of low-medium interest rate debt. Put your money into stocks and other assets that will appreciate with inflation.

NewJazz 1mo ago
Have you seen mortgage rates? You really think someone with 6.5% rate should not pay that off early?
- Camus134 1mo ago
  [dead]

wolttam 1mo ago

Go ask a (capable, preferably open) LLM. If it doesn’t give you a direct answer it will give you enough of a starting point to start asking more questions. (This is not financial advice)

NewJazz 1mo ago

The best way to derisk would be to get out of the US and surrender your citizenship. But the alternatives may not be all that much better (France has marginally lower debt to gdp, japan has much higher, to give two examples).

deleted 1mo ago

[deleted]

naveen99 1mo ago

Learn the ways of the kangaroo.