Please wait...
Haven't heard of them. Is this something "normal people" can get?
I don't own any, personally (it's too much of a risk-averse asset for my taste), but that looks like a yes; a decent broker should be able to get them for you (the category shows up on my Fidelity screen.)
Looks somewhat illiquid; you need to know when the auction dates are and plan ahead?
The real solution and hedge against inflation and total collapse, is to get elected into the legislature.
:)
So far, it seems as if everyone is so desensitized to disaster at
this point that they're not paying much attention, and not making a
run on the banks. In such a high inflation environment, where are
you going to put your money anyway?
I got bold earlier this week and bought a bunch of stock from a firm that is in an unrelated sector and was tanking due to panic effect. WHen the panic was over the stock price was back to normal. So much win.
I know of people who bought stock in banks that were tanking hard. As far as I know they bounced back up after touching minimum.
Lots of people just placed their money in values traditionally considered safe havens around here. Those values skyrocketed artificially. I cannot imagine what it is going to be when they return back to normal themselves.
Some are saying that "THE ENDGAME OF THE BANKING CRISIS IS HYPERINFLATION AND CURRENCY COLLAPSE" implying that the current situation is deliberate, and everything is engineered to collapse the existing currency and replace it with a digital, centrally-controlled cryptocurrency.
I have to admit I don't quite understand this. Fiat currency is fiat currency, regardless of whether it is cash or crypto, if the same organization (the Federal Reserve) controls the fiat and can create more of it? I thought the whole point of crypto was that it has no fiat holders and cannot be artificially inflated.
Sensible answers only, please.
That was the intent. But once they realized they could control the entire chain on a crypto of their making, that sort of changes the game.
All they really have to do is assign wallet addresses to people, create an approved transfer system, then mandate all transactions go thru their exchange. ( and if you go around it with a pirate wallet, those blocks are nullified, you would be breaking the law, and they know who you are due to wallet:person records. ) They create/distribute blocks when they want, and if its not sourced from them, its also null. So no "secret" mining. And since they control allocation, production and transfers, we are back in the same boat we are now, only worse.
Only way i could see it falling apart is if they dont pre-populate the entire chain, and someone developed a 3rd part wallet, then mined the piss out of things to collapse the total possible supply. I would assume once a block is tainted, it would be forever.
And ya, there are cryptos like Monero that would break the monitoring/control aspect, but they wont choose that way of doing it so its academic.
I thought the whole point of crypto was that it has no fiat holders and cannot be artificially inflated.
Banking crises are more deflationary than inflationary, because they tend to trigger a flight to perceived safe assets and away from risky investments.
Back to the earlier thread about TIPS bonds, I just learned of something similar today which may be more suited to individual investors: Series I bonds, these are also inflation protected.