Logan44551
Member
Glad you made it through. I worry us down in the states are in for something much worse in the near future. We'll see, definitely not looking good, the fed just keeps printing money
MESO-Rx
Anabolic Steroids
Shitbox drivers?
- Thread starter bigpoppachump2
- Start date
Perfect time to buy
JUST before hyperinflation
Your debt will be worth fucknall when the dollar doubles and specifically your Union wage doubles
I'm betting the farm on a growth stage, accrue as much debt as possible and pay it down after fast inflation lol
Thought it was "til the wheels fall off"...
Flippin or rentin?
While the amount of gold to back it stays the same...
Logan44551
Member
It hasn't been backed by gold for a long time now
MrBombastic
New Member
I’m doing what you are; problem is, hyperinflation is a different animal than regular inflation Things you use (commodities) go way up, but because capital flees the country, things you own (hard assets, not financial assets) go down.
The increase in money supply the past 12 years or so is frightening.
An eye-opening book on the “Austrian School” of economics and monetary theory (think Milton Friedman, but more hardcore)
Code:
https://www.amazon.com/Paper-Money-Collapse-Folly-Elastic/dp/1118877322Renting
Gold standard doesnt exist anymore.
even countries like China with "Reserves" are faking their numbers substantially.
Gold is dead, has been for over a decade.
Read Warren Buffett's opinion in gold, quite fascinating
I'll give it a read.
It worked well for Japan.
and you have to remember, U.S Greenback is the standard currency, instead of the old "Gold backing" its noe "Green backing"
The U.S financial institutions fall or go into inflation, so does everyone else, due to the U.D being 24% of the worlds economy and the largest purchaser of goods on the planet
Other countries have ZERO choice but to follow suit
Uglyrichie
Banned
Didn't China just get popped for fake gold
A few weeks ago.
Gold plated copper if I remember correctly
Quite a number that was held in "Reserve"
Very few countries actually care enough to reserve, since the Standard is a long gone way of backing currency.
No amount of gold can keep up with the computer generated numbers, its just not pheasible, hence why the Greenback is now the standard against which currencies are valued.
Usually backed in Treasuries/Bonds and solid debt Ratios these days
Skard
Member
My eyes must be getting worse. I thought the title was "Shitbox divers?"
Defintely. I have never purchased a new vehicle, or even anything close to new.
The cars were always spoken of in the worst of disparaging terms, but the pickups were treated lovingly and received nicknames such as Lucky and Brownie. (The prices of many of these new trucks are mind-boggling. People used to buy nice houses for a fraction of the cost.)
The muffler and tail pipe on an Olds 88 dropped down on the pavement and was shooting sparks. When I stopped to wire it up, I discovered there was also a hole in the fuel line and it had been spraying gas everywhere. --Not a good combo.
I had the brakes completely fail on a Pontiac Catalina as I was pulling into a rock-built tavern, causing me to roll right into the wall. Everybody ran out of the place swearing at me and yelling "You shook the whole damn building." --Thought I was going to catch hell, but before long everyone was laughing. The bartender put her arm around me and said "Come on inside, I'll buy you a drink."
As for shitbox diving...guess I'm guilty of some of that, however, they were exceptionally clean and smelled 'like new'.
Brandaddy
Member
I wouldn't necessarily say I drive shit boxes, but they're paid off. Lol. The only debt I really have is business debt under LLC's. Other than that my house, vehicles, and toys are all paid for and I don't really care to change it. Lol
Logan44551
Member
Awesome!
Test_Subject
New Member
My winter car is a Toyota Camry that is basically held together by bondo, undercoat and lots of good luck.
Not sure if I qualify, though. My summer car is an Audi TT RS
Not sure if I qualify, though. My summer car is an Audi TT RS
Last edited:
My winter car is a Toyota Camry that is basically held together by bondo, undercoat and lots of good luck.
Not sure if I qualify, though. My summer car is an Audi TT RS
If it's comes in "Middle Eastern Gold"...
I'm going to shit myself laughing.
Legendary Color and Car
Oldschool
New Member
As a few here know I have a load of precious cargo that requires a solid vehicle. Add the fact that a normal trip for groceries is just under 300 miles with next to nothing in between destinations makes it a no brainer. I recently took advantage of the COVID induced zero interest for whenever and purchased a 2020 expedition for 40 grand. Financed for 7 years. I put 5 grand down. I have an old Yukon that I ride around. Paid three grand for it. Would like to buy a solid old truck in the future but stick with the Yukon just in case our main ride goes to shit. I have a big family and can’t justify a truck at this time. I get laughed at a lot for my “soccer mom ride” but don’t give a fuck. I have priorities. Family fucking first.
One thing I can say abt a Tahoe or a GMC Yukon is that they are hands down the most dependable and toughest American SUV'S ever made IMO. Even buying an older one for a few grand cash is rarely ever a bad decision for most ppl. We bought an 04 Yukon and it currently has 270k on it, and when I kill this one I'll buy the same damn thing again
Oldschool
New Member
I like feel the same about the pickups. Love me a Z71 4x4
Yes, very good trucks. I've always been partial to Ford trucks myself but no denying those Z71's aren't some damn nice rides!! Honestly nowadays I could take one or the other and even dodge has stepped their truck game up big time lately.I like feel the same about the pickups. Love me a Z71 4x4
Now, I understand trucks cost money, but one thing I cannot stand is paying more money for a cheaper constructed vehicle. I'm no mechanic , but many of these trucks are higher in price and cheaper in production lately, Ford trucks probably being at the top of the list now
Where do you live? Serbia?
