I do not understand basic economics or investing.
That being said, how do I prepare for a recession or depression that will probably come down the pipe in the next year or two? What do I invest in? Where do I put my money? I probably can't be dinar-pilled but I'm open to other suggestions.
Uber is a money laundering scheme for the House of Saud, and "Tesla Would Take Nearly 1,600 Years To Make The Amount Of Money The Stock Market Values It At". Shit's fucking nuts. The stock market has always been like ork machines in 40k where it only works because people believe it works, but feels like it's gotten increasingly unhinged since 2008. As Braudel explains, finance is always a sign of autumn in the cycle of hegemonic powers, and it's certainly quite chilly in the United States these days.
Yeah I really don't know when it's all going to explode, but it's almost unimaginable to me that it never will. You can only run on hot air for so long.
I'm still convinced that the natsec state is propping up a lot of these vaporware tech companies. Massive government contracts pumping cash directly from the reserve into their accounts are the only thing they have that isn't based on speculation.
I mean a lot of these are also, as I alluded to, money laundering for the House of Saud and other nefarious entities wanting to diversify away from petrochemicals. Follow the money—SoftBank's Vision Fund, which has been instrumental in injecting billions of dollars into these tech companies, everything from Uber to Wework to dozens of others, is funded primarily with oil money from Saudi Arabia, Abu Dhabi, and elsewhere.
It's insane how little value these companies actually produce.
Basically, the Saudis have invested billions in Uber (money they made from oil), and then sold the shares they got for that money almost immediately making them "tech investors" and "diversifying the economy of Saudi Arabia." You can read more here.
Unironically bitcoin or other cryptocurrencies are a potentially decent hedge against inflation. That said, bitcoin hasn't existed during a worldwide recession (it missed 2008 because it didn't really exist yet), nor has it seen massive high inflation rates worldwide. People in places like Zimbabwe have used bitcoin to park their money to avoid the bite of inflation, but if the whole world (or at least a majority of the developed economies) see an inflation spike who knows how bitcoin will react.
If you're seriously China-pilled, you can start buying up renminbi denominated ETFs or bonds, but in a high inflation environment bonds become significantly less attractive. Maybe broad market ETFs like ones that track the S&P500, but if this is a serious recession the market itself will tank too. Maybe property/REITs? Honestly who knows. To my eyes, it seems like the financial sector has entirely delinked itself from material reality, so even a major recession might not tank the market if the Fed and ECB are committed to continuing QE. Likewise, if everybody is expecting a recession often it never comes.
My honest advice is if you have serious money to invest, just put it in a target year retirement fund (like say a 2050 or 2060 retirement fund, meaning you'll retire at that year) and forget about it. Don't try and time the market. Either you'll lose everything because capitalism has been abolished or the world has collapsed and therefore you don't have to worry about your retirement/investing portfolio, or the market will eventually rebound and you'll make money.
I mean, index funds and Revolution is pretty good financial advice.
There probably won't be hyper inflation. We can't even get inflation of around 2% in the economy right now. Foreign demand for U.S. denominated hard currency probably the reason why we aren't seeing inflation that traditional economics would expect. If your worried about inflation, you might consider Treasury Inflation-Protected Securities (TIPS) or an investment in a high growth sector like tech ( if you can handle the risk). I personally keep a portfolio that consists of yugioh cards and taco bell chalupas, with short term options on rat droppings to hedge my investment.
If you have student debt or a mortgage, pray for inflation.
In the meantime, I’m praying for trump to RV before next Wednesday
There's zero risk of general inflation. Zero. The only things getting inflated are assets like stocks and housing.
Genera inflation maybe not. But definitely in utilities, healthcare, rent, food, so basically the things that fuck over poor people. There certainly won’t be inflation for tech gadgets, general commodities, or wages
Don't ask here for one. People have been calling for a huge recession for decades and 2008 is the best we got. You're LIKELY better off just investing in a few ETF's. https://www.bogleheads.org/wiki/Lazy_portfolios Invest early. and often.
https://www.cnbc.com/2017/08/09/even-if-you-bought-just-as-the-global-financial-crisis-erupted-10-years-ago.html
Of course a black swan event could come and fuck us all, in that case you want guns and ammo.
owning property as said before is a good way to avoid issues but fuck being a landlord and cashing out on investment is much harder in a depression so apart from ghoulish buying houses during a depression, regular dollars in an account is fine (at least until a country wide collapse) especially since most safe saving is a ridiculously small rate and you don’t want to play with risky shit while the market eats shit, the US dollars depreciate as fast as the euro so there is not much point in having foreign currency anyways (for crypto wait until regulatory clarity)
