General Discussion

haele

(15,428 posts)

28. The Wealthy don't worry about poor Americans not buying their products.

Tue Nov 26, 2024, 08:42 PM

Nov 2024

They've gotten to the point where their particular profit machines are uncoupled from the Main Street economy.
They won't feel a pinch until the US Treasury is empty.
By that time, they think they'll be able to move on to some other developed country and be in the process of sucking their resources.
This current crop thinks that once they're ded, it won't really matter. It's all about fictitious bootstraps in their minds. Their nepo grandkids will supposedly be able to figure it all out after they're gone, because of smart genes, or something.

The wealthy really think they're above it all.

Haele

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I'm Looking For Some Financial Strategies To Protect My Retirement Funds Before Tr**p Takes Office..... [View all] global1 Nov 2024 OP

I have not heard a thing liberal N proud Nov 2024 #1

The Guy I Talked To Didn't Seem Much Concerned Either.... global1 Nov 2024 #4

Not giving financial advice, just making an observation Mike 03 Nov 2024 #13

That's where I already was, being extremely risk averse in any circumstances Susan Calvin Nov 2024 #26

I'd also like some advice. I protected my retirement in 2008 because I pulled everything out of the stock market before rainin Nov 2024 #2

Congratulations on your 2008 move! Trust_Reality Nov 2024 #9

My current strategy Sympthsical Nov 2024 #3

Take it all out and bury in your backyard in a coffee can MichMan Nov 2024 #5

I Did The Same As You Did In 2009, 2017, 2020 - But Somehow This Time It Seems Different..... global1 Nov 2024 #19

I'm retired. I need my savings. I can do with a few years of small interest increases, but I can't Scrivener7 Nov 2024 #22

I am mostly cash. Have some bonds, some stocks. cachukis Nov 2024 #6

The Heritage Foundation wrote the banking segment of P2025 Arazi Nov 2024 #8

This is extremely terrifying Mike 03 Nov 2024 #14

If they cancel that, the run on banks will destroy cachukis Nov 2024 #17

Then it's the mattress. cachukis Nov 2024 #16

For the moment. Scrivener7 Nov 2024 #23

The coming inflation wave may eat deeply into your cash stash..... lastlib Nov 2024 #32

Sounds like a good idea. cachukis Nov 2024 #34

If trump tanks economy, the wealthy will hurt too. For that reason alone, I think they will reign trump in Silent Type Nov 2024 #7

You'd think. Mike 03 Nov 2024 #15

The Wealthy Are In A Position To Ride Out The Roughest Of Financial Sitiuations.... global1 Nov 2024 #20

What good would riding it out do, if on the other side several hundred million citizens don't have money to Silent Type Nov 2024 #21

The Wealthy don't worry about poor Americans not buying their products. haele Nov 2024 #28

I guess they wouldn't like hyperinflation any more than anyone else would, Susan Calvin Nov 2024 #29

I spoke with my advisor (very in line with my politics) about 3 weeks ago. Asked him to move about sinkingfeeling Nov 2024 #10

Where are you planning to go? phylny Nov 2024 #11

It's up for debate between two very different countries. I'm still weighing the pros and cons of each. One sinkingfeeling Nov 2024 #12

Keep us posted. Scrivener7 Nov 2024 #25

Spoke to my guy shortly after the election Fiendish Thingy Nov 2024 #18

Investing gf's money into Trump businesses keithbvadu2 Nov 2024 #24

I don't give advice to anyone about anything... anciano Nov 2024 #27

Break it up and put them in CDs Bluethroughu Nov 2024 #30

I think the republicans will dump trump as quick as they can. Turbineguy Nov 2024 #31

Here's what I'm planning on doing. bif Nov 2024 #33