|
A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
|
No one ever gave my parents anything, they had to literally fight and struggle for everything. They saved every dime that they could, living way behind their income curve. The only credit they ever used was the home mortgage where they put down 75% in cash on the house. . They could have paid all cash.
As a consequence I am a twisted fk when it comes to money..but in comparison to my parent I am a wasteral spendthrift. A regular TABS...a Throughly Azz Backwards Son..As for making mistakes I am a walking talking cluster fk...a real fkin loser...
Now maybe..just maybe what I did for all of those years has turned out to be pretty smart after all. Especially when Buffets 137B in cash has turned out to be toilette paper.
Honestly sit down and figure it out..the FED went from 3.7T in 9/19 to 6.7T+ in 5/20..That is 3T more on the books..the US Treasury just spent 2.5T more than normal in a month...with another 2T or so to come...The FED is prepared to go another 5T if need be...And every other CB is doing the same thing..
That means everything conventional has turned to fking shyte...
The FED is buying up everything, they would even lend me money on my dog. It is fkin staggering, and that is why it just does not matter anymore if you have a house made of Straw or a house made of Brick..we are all fked.
__________________
Copyright
"Some Observer"
|