Predictions for the rest of 2021

[ConstitutionCowboy]

I agree about China attacking Taiwan. They have been doing multiple encroachments a day with growing air groups. They are just waiting to see if Biden will do anything.

Biden will start a speech about it, forget where he is, scratch his balls, turn and walk away.

Woody

 

[xseler]

I wish that his speech writers would end every one of them with "....and that's all I got to say 'bout thaauut."

 

[JR777]

This won't be necessary because:



All you will have after that is what you've been able to steal away and hide. That and the pittance allowance you will receive from the powers that be.

Woody

I think it's definitely possible that they might come after 401ks, but I also think it's possible that they won't. Or maybe more likely that they would come after them in a roundabout way, like taxing unrealized gains.

One thing to keep in mind is that the government can print as much money as it wants, which effectively is the same thing as dipping into bank accounts and 401ks, but without the riots and inevitable supreme court hearings. So I'm not sure the juice is worth the squeeze in that regard, being that they have other ways to get at the money with less pushback.

I think the biggest danger of them confiscating 401ks would be from austerity. That is, if they were to decide to knuckle down and try to balance the budget and pay back the debt. That's the only scenario where money printing is off the table, in which case taxes would be their only source of funding.

As it stands, I think they're much more likely to simply destroy the wealth that's in 401ks, vs outright confiscating them. I think Biden was hired primarily to be a diversion, to create the looming threat of communism, when people should probably be more worried about big banks, big business, and a return to feudalism. While everyone is on Twitter fighting ghosts of the 20th century, the central banks are quietly taking over the world, literally.

Ultimately I think it's going to be Wall Street that gets the money in 401ks, and in bank accounts, too, for that matter. Most retirements are heavily invested in equities and other assets, so by shorting the market when the time is right, Wall Street can effectively confiscate all the 401ks simply by coordinating and inside trading. So a market crash followed by bank bail ins would effectively loot all the 401ks and bank accounts.

The real beauty of that strategy is that it doesn't require any acts of any branch of government. Dodd Frank already put everything in place for this to happen automatically, so no government or politician will have to make any unpopular decisions that might lead to an uprising. On the contrary, the government would be free to just sit back and give the people whatever they demanded, as inflation at that point would be in the central banks' interests.

 

[JR777]

I wish that his speech writers would end every one of them with "....and that's all I got to say 'bout thaauut."

I would sign that petition lol

 

[Hodrod]

i predict china will buy oil from iran and pay for it in something other than US dollar,russia will build its pipeline to europe and another in syria. then china russia syria and the eu will form a basket of currencies to replace the dollar as the world reserve currency. the massive debt of the us will become impossible to finance as the rest of the world rejects our debt causing the interest rates to go hyper. the us will charge everyone a carbon fee and distribute the proceeds to the southern hemisphere.

I hope that this doesn't happen but everything is pointing to the USA dollar being replaced as the worlds reserve currency sooner rather than later....might happen by the end of the summer.

 

[rockchalk06]

I'm going to work on losing weight, better faster shot placement and calling wind.

All 3 will be much needed skill sets by summer I'm predicting

 

[RickN]

I'm going to work on losing weight, better faster shot placement and but I am already really good at passing wind.

 

[dennishoddy]

We've entered the 2nd quarter of 2021. I thought it might be interesting to make some predictions for the rest of the year, things that will seemingly come out of nowhere that will impact us all. Let's see if we can do better than Q.

I predict... Russia and China will conspire to coordinate attacks, China at Taiwan, Russia at Ukraine.

You may win. Russia is massing armor, artillery and troops on Ukraine’s border as we speak.

 

[okcBob]

I’ll break 80 this year & find a 1917 Colt 45 at the Tulsa show next week.

 

[Aku]

They are just waiting to see if Biden will do anything.

That will be a long wait. Biden is not cognizant of too much.