:facepalm: God, I hate stupidity and you are not helping
You could make an attempt to tell me which part of this you disagree with instead of just lobbing insults.
Just for the record - I'm an MBA and a CPA. What are your financial qualifications?
:facepalm: God, I hate stupidity and you are not helping
I ran a 250M year business and Your degrees do not mean a thing to me when you are advising so poorly.You could make an attempt to tell me which part of this you disagree with instead of just lobbing insults.
Just for the record - I'm an MBA and a CPA. What are your financial qualifications?
Do you think these companies that undervalued today are at fault? Is it due to mismanagement or a fucking virus? Which is it?Oh, it's not a financial crisis? So the Dow in freefall - that's a medical issue? The medical crisis is causing the financial crisis - that doesn't make the financial crisis any less real. The US economy (and likely the world economy) is taking a hit and will continue to for the foreseeable future. How bad and for how long is unknown. But there will be no asterisk over it saying "not really a financial crisis because it originated from a medical crisis."
I ran a 250M year business and Your degrees do not mean a thing to me when you are advising so poorly.
Oh I do not know, as I do not have the degrees you have. Please send them to me as I am running out of toilet paper to wipe my ass with. How about buying the companies stocks that are WAY undervalued and make a shit ton of money when this passes SOONI advised exactly one thing - to not pull his money out of the bank. So, since that is "poor" advice in your opinion, it must be your position that he should?
Everything else in my post was context and support for why I advised that.
Do you think these companies that undervalued today are at fault? Is it due to mismanagement or a fucking virus? Which is it?
You are a fucking accountant, bean fucking counter..........I would never send you my taxes for fucks sake.The underlying cause is the virus. So what? The financial crisis is still real and needs to be dealt with. Just like if I'm sitting at a stoplight and another car plows into me and breaks my leg - I have to deal with my broken leg. I can't unbreak it by saying "but it was someone else's fault".
Oh I do not know, as I do not have the degrees you have. Please send them to me as I am running out of toilet paper to wipe my ass with. How about buying the companies stocks that are WAY undervalued and make a shit ton of money when this passes SOON
I have plenty as a retired GM of Costco......but ....I could wipe my ass with degrees and CPA's.......except BBC he is a much smarter CPA than you ever could have dreamed to be.The title of this thread is "how do we have unlimited money?" and Jack point blank asked "should I pull my money out of the bank?" I responded - on topic - to both of those very specific questions and gave reasons for why I felt the way I did. Nowhere was the question ever asked - "what's the best place to invest my money right now?" and yet you have relentlessly attacked me as if that's the question I answered.
Since you're running out of toilet paper, I will give you some investment advice though - buy a bidet. :0074
You are a fucking accountant, bean fucking counter..........I would never send you my taxes for fucks sake.
Leave your money in the bank verses buying at the bottom of the market....Got it.Personal attacks, non-stop f-bombs . . . but no actual counter-points to anything I said. Got it
I have plenty as a retired GM of Costco......but ....I could wipe my ass with degrees and CPA's.......except BBC he is a much smarter CPA than you ever could have dreamed to be.
When you are dealing with idiots that is what I am reduced to. I bet your ass is so tight that you couldn't pull a safety pin out of it. You spew your degrees, it doesn't mean a god damn thing to me.And another personal attack . . . and nothing else.
Leave your money in the bank verses buying at the bottom of the market....Got it.
You blowing up your educational background is underwhelming. And I will leave you with a money talks and bullshit walks......You need to take your degrees and liberal bullshit and get on the next coronavirus train.
Yeah, you must be right, you have degrees on your wall........ sleep with them, as it makes you smarter thinking that you are. I hate hearing from people that think because they have a degree that they think they are special. I wouldn't send my cousin that makes 40K a year to have you do his taxes. Your advice is not a financial one. Just another bean counter and there are Millions of you.Again - Jack was not asking for investment advice. He was asking if his money was safe in the bank. I said it was and you called me stupid, even though you agree that it is.
"liberal bullshit"
Thanks for confirming that this is really what it's about. Even though I'm not a liberal - but why let that stop you?
When you are dealing with idiots that is what I am reduced to. I bet your ass is so tight that you couldn't pull a safety pin out of it. You spew your degrees, it doesn't mean a god damn thing to me.
Yeah, you must be right, you have degrees on your wall........ sleep with them, as it makes you smarter thinking that you are. I hate hearing from people that think because they have a degree that they think they are special. I wouldn't send my cousin that makes 40K a year to have you do his taxes. Your advice is not a financial one. Just another bean counter and there are Millions of you.
He should buy precious metals :mj07::mj07::mj07::mj07::mj07::mj07::mj07::mj07:
You questioned my culpability to this issue, while stating your educational background. I do not value degrees, I value subsidence and your advice to buy precious metals is ridiculous. Forget about the chicken and the egg concept. You are prob a nice guy and hit me at the wrong time.... I think holding money in the bank is a losing proposition and making 12 cents a yr on a 100K banking balance is nonsense.Wow - I hit a nerve with that degree thing huh? I mention it once, merely to provide context that I am financially literate - and you've now thrown it back 3 times. Although this is the first time you're not wiping your ass with it - progress I guess.
And this is the issue with civil discourse in this country today - the second I said something that in any way implied that I was defending the Democrats - you were done with me. I became just another "libtard" who was therefore worthy of any amount of scorn or insults you felt like hurling my direction.
Nevertheless, I will continue to engage you with reason and respect even though you refuse to extend me the same courtesy.
No mention of precious metals? Being real?Jack - don't bother pulling your money out of the banks. Unless you are then planning to purchase precious metals (or something else "real") with it. Look at your cash - they all say "Federal Reserve Note" on them somewhere. That's what is backing our money - not gold or silver or anything else. The fed literally prints money so they can buy as much as they want for as long as they want. The issue becomes inflation - keep increasing the amount of money in a system and eventually each dollar becomes devalued. So the worry is not that you'll wake up one day and the money in your bank account will be gone - it's that you'll have exactly the same amount as the day before but now you can only buy half as much (or less) with it. And having it under your mattress instead of in the bank isn't going to protect you from that.
When trying to explain Bitcoin to people, they are always hung up on how it's "not real". So the key to getting them to understand it is, ironically, to get them to see that regular money isn't real either. It's all just kind of a mass delusion where we all agree that something is worth X. And as long as we can take these little markers of value and exchange them for things we actually need - the system works. Until it doesn't.
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