It was already on my plan, coming into 2023, to try to get a lot closer to Zero Dollars held in "the System". Yes, that is in accord with The Great Get Ready Game De and I are supposedly playing. However, the plan predated that - to when I borrowed a whole gob of money back in 2021, planning to move back into real estate. FWIW, I just pulled another 100K from Schwab. I'd like to get under the 250K threshold of free dollars, at least. And I have tangible places to put things now.
And last year we got WW3 (whether or not you like to think of it that way); it's off to a baby start, but that is how deceptive things often look at the beginning. At the end, EITHER Russia+China+India+Iran+ (it's looking like Saudi Arabia+Brazil) will be kneeling, trembling before obese, transvestite, Woke Uncle Sam. Or else Uncle will be down for the count (and those on pensions will be eating dried dog food, if they can afford it). Or maybe we will all be flash fried in a nuclear hell. Anyway, somethings will never be the same again.
So, this year we get a worldwide banking crisis (shades of 200
Don'tchaKnow? And the band has scarcely even begun to play.
The more I think about the stock market, the more stupid an "investment" I think it is. But that is what artificially low interest rates in a NON free/Fascist market does: it addles people to make insane bets, that they would never accept, if they had the metric of real interest rates, and real free markets, with which to gauge the risk vs. rewards.
Here's the article:
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https://quoththeraven.substack.com/p/everyone-is-just-pretending-nothings
Everyone Is Just Pretending Nothing's Wrong
excerpt:
Putting aside what bureaucrats are saying about deposit insurance and Fed policy in the midst of the banking crisis we are having, underneath it all people seem to be forgetting that the economy has just tapped into a large pool of chaos and unrest in the form of 4% interest rates we’re supposedly using to fight inflation.
CNBC.com
And just as was the case with Covid, the headlines today don’t seem to match the reality of what’s happening in markets. Are we to honestly believe that, in the face of a cascade of bank failures that has now encompassed Silicon Valley Bank and Credit Suisse, with names like Charles Schwab and Deutsche Bank also being tossed around, that a real “flight to safety” is people pouring their money into the Nasdaq QQQ ETF at 27x earnings? Because that’s what’s happening.
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