At what point does money become irrelevant?

[EyeBRollin]

I did not reference hyper inflation, I compared how it is calculated today. Not sure how this became political, are you ok?

Hyperinflation was the topic of discussion. Calling 5% year over year rate as hyperinflation is either
political or delusional.

 

[jaygreenb]

Hyperinflation was the topic of discussion. Calling 5% year over year rate as hyperinflation is either
political or delusional.

I know it is hard for you to stay on topic but lets try. You said 70's were worse and 5% is barely over ideal. I just pointed out todays 5% is not calculated the same as the 70s.

 

[FlirtLife]

There are three pretty distinct areas of this so depends what you are specifically referencing. They are Bitcoin, Alt coins and CBDC's

I was quoting a post by AAAgent [1] - a post you upvoted. Why don't you ask the poster what their post meant?

[2]

Government has put us on the brink of hyperinflation by massively increasing the circulating supply of dollars. They are trying to combat this by slowing down the m2 velocity and decreasing the amount people spend/exchange dollars by increasing interest rates. This is being counter-acted by many large nations abandoning the dollar and joining BRICS and Crypto thus decreasing the demand for purchasing dollars and using dollars compounding on the supply issue. ...

 

[jaygreenb]

I was quoting a post by AAAgent [1] - a post you upvoted. Why don't you ask the poster what their post meant?

[2]

Because you asked the question, i'll answer if you clarify what you are looking for

 

[FlirtLife]

I know it is hard for you to stay on topic but lets try. You said 70's were worse and 5% is barely over ideal. I just pointed out todays 5% is not calculated the same as the 70s.

Two can play at defending other posters. AAAgent posted "Government has put us on the brink of hyperinflation" [1], which is the topic. Multiple posters [2] [3] [4] have mentioned this is not hyperinflation, which is the topic. Was AAAgent wrong to say we are on the "brink of hyperinflation"? You consistently make excuses for his wild claims and conspiracy theories, be it pensions called "scam investments", or saying nothing when he posts we "are on the brink of hyerinfation". Yet when AAAgent insults me as a "dumba$$", that is a post you upvote?


[1]

Government has put us on the brink of hyperinflation by massively increasing the circulating supply of dollars. They are trying to combat this by slowing down the m2 velocity and decreasing the amount people spend/exchange dollars by increasing interest rates.

[2]

Are you aware of what hyperinflation even is? Hyperinflation is 50% inflation month over month. Right now the government has put us at maybe 4-5% year over year. Unless I'm retarded I don't see how 4-5% year over year is anywhere close to 50% month over month.

[3]

First you talk about hyperinflation which is 50% month over month vs the 5% year over year we're seeing. Give or take a few % since the official numbers are sugarcoated a bit. Still nowhere near hyperinflation.

Then you claim interest rate hikes will make pensions and 401ks worthless. No logic there.

Then you say the dollar could become useless within months, but then shortly after that you say the dollar will be fine until elections are over next year.

[4]

Hyperinflation was the topic of discussion. Calling 5% year over year rate as hyperinflation is either
political or delusional.

 

[jaygreenb]

Two can play at defending other posters. AAAgent posted "Government has put us on the brink of hyperinflation" [1], which is the topic. Multiple posters [2] [3] [4] have mentioned this is not hyperinflation, which is the topic. Was AAAgent wrong to say we are on the "brink of hyperinflation"? You consistently make excuses for his wild claims and conspiracy theories, be it pensions called "scam investments", or saying nothing when he posts we "are on the brink of hyerinfation". Yet when AAAgent insults me as a "dumba$$", that is a post you upvote?


[1]


[2]


[3]


[4]

This is getting a little weird. I agree with a lot of the overall sentiments but I'm not going to cite each sentence and what percentage I agree. Some of the details not completely on board with but a lot of the overall themes to different extents and timelines. Pick something specific and i will clarify for you

In regards to hyper inflation, think it is possible and wouldn't rule it out, definately will happen in other countries. What timeline and likely hood, no clue. I made that pretty clear in my prior posts, very well could kick the can for a long time. I do not know

 

[jaygreenb]

Definitely agree, there are a lot of different areas that could break down and set off a chain of other failures. The only real question for me is how effective can the fed/govt play wack a mole and how long can it be delayed. Personally think it would be prudent to be positioned for short and longer term scenarios. For example, in 2020, when covid started to kick off and all markets were falling off a cliff. At that point in time I would have never guessed what level of stimulus would happen or that the markets would just rip to the upside for a few years. One of those the markets can stay irrational longer than you can stay solvent. So basically, be ready for anything

Like right here

Two can play at defending other posters. AAAgent posted "Government has put us on the brink of hyperinflation" [1], which is the topic. Multiple posters [2] [3] [4] have mentioned this is not hyperinflation, which is the topic. Was AAAgent wrong to say we are on the "brink of hyperinflation"? You consistently make excuses for his wild claims and conspiracy theories, be it pensions called "scam investments", or saying nothing when he posts we "are on the brink of hyerinfation". Yet when AAAgent insults me as a "dumba$$", that is a post you upvote?


[1]


[2]


[3]


[4]

 

[AAAgent]

This is getting a little weird. I agree with a lot of the overall sentiments but I'm not going to cite each sentence and what percentage I agree. Some of the details not completely on board with but a lot of the overall themes to different extents and timelines. Pick something specific and i will clarify for you

In regards to hyper inflation, think it is possible and wouldn't rule it out, definately will happen in other countries. What timeline and likely hood, no clue. I made that pretty clear in my prior posts, very well could kick the can for a long time. I do not know

Better man than me. Spoon feeding is a pet peeve of mine. Especially since I spent a great deal of time learning these things on my own, figuring this out on my own to get to where I'm at.

 

[MatureDJ]

First off, every financial calculation must adjust the after-tax income for the cost of living (especially housing) of wherever the job home is vs. some reference (e.g., a place out in the sticks where the land value is basically zero, or at least some minimum that you would be satisfied with). Next is that there should be some baseline spending amount that you feel is worth working to earn - i.e., anything over this would be "I don't care for the utility of the spending if I have to work extra for" - and earning over this amount would mean that you spend that same baseline amount but sock away the excess. Then finally, there is the point of "critical mass", where you are financially secure at that desired baseline amount of spending forever (or until some age when you figure extra money wouldn't matter); once you hit that point, you should retire.

 

[MatureDJ]

There is a threshold where you achieve what can only be called fvck you money. That has a power all it's own when it comes to your freedom.

 

[MatureDJ]

When I was married between my spouse and I we made ~750k US a year full comp, base salaries amounted to ~525k.

I out earned her by almost 6 figs.

I left that career to pursue my current one which pays a fraction of the aforementioned, I am 1000% happier.

You FinanceMog the sheet out of me.

 

[Pierce Manhammer]

You FinanceMog the sheet out of me.

Eh, I did once upon a time, but I also lived in like the 2-3rd highest COLA zip in the US. A dozen eggs is $7, a gallon of good OJ is over $10.

 

[FlirtLife]

@TheEveningChronograph - You have a problem with my investment advice, what is it?

You will find the 4% rule discussed on reddit, YouTube, in news articles, on Investopedia and Wikipedia. It's very basic, and if you reject it, feel free to tell reddit, YouTube, Investopedia and Wikipedia they're all wrong.

WHOA WHOA WHOA! Who TF gave you permission to dish out anything besides sh!tty financial advice?!? Suck it long.