×
Login Register an account
Top Submissions Explore Upgoat Search Random Subverse Random Post Colorize! Site Rules
9

What are you guys thoughts on the US currency hyperinflation?

submitted by Sleazy to AskUpgoat 3 weeksApr 13, 2024 05:49:58 ago (+9/-0)     (AskUpgoat)

My long term plan is to pay off all my debts that I been letting accumulate when the currency is worthless and bread is ten grand a loaf. I don't think it's too far off. What say you?


24 comments block


[ - ] Thyhorrorcosmic103 8 points 3 weeksApr 13, 2024 06:56:04 ago (+8/-0)

I worry not about things I have no control over. Don’t let them take your smile.

[ - ] Reawakened 3 points 3 weeksApr 13, 2024 06:14:50 ago (+3/-0)

I think it's inevitable. It's baked in the cake. An exponential function blows up. 1 X 1.0000001 will blow up. Currency is that. The issue is timing. Will it do it in your lifetime? Will they pass a law to keep the chains on you as it blows up? Will they shut down the economy so that they can take your shit before it blows up? These (((motherfkrs))) have been refining this con for a long, long time. As long as White people are blindly law abiding, the show will go on.

[ - ] Sleazy [op] 1 point 3 weeksApr 13, 2024 06:29:11 ago (+1/-0)

I think its inevitable too, hence my plans on minor debts

[ - ] MasklessTheGreat 2 points 3 weeksApr 13, 2024 08:26:45 ago (+2/-0)

I quit paying over $20k in credit card debt over about 6 credit cards and so far nothing real has happened. One debt collector took me to court but they didn’t show up so I told the judge to dismiss because the plaintiff wasn’t there. Boom! Dismissed. My phone rings two or three extra times a day from a random debt collector but that’s cheaper than paying $20k.

Point of all that is this, fuck paying the debt. Quit paying now. Nothing is going to happen. The trick is that the debt is sold and the original creditor you have a contract with discharges the debt. The third party debt collector is actually breaking the law when they come after people for a discharged debt. The next thing you bring up in court is a wet ink signature contract between yourself and whatever debt collector has you in court. Obviously they don’t have one because you never contracted with them. Boom! Case closed.

[ - ] clymer 2 points 3 weeksApr 13, 2024 09:17:34 ago (+2/-0)

So far. I wish you luck with this strategy, but a far better one is to get out of debt and retain your credit so you are in a position to maximize your options once things shake out. Again, best of luck

[ - ] Sleazy [op] 1 point 3 weeksApr 13, 2024 16:00:04 ago (+1/-0)

It's not much

[ - ] MasklessTheGreat 0 points 3 weeksApr 13, 2024 10:04:29 ago (+0/-0)

No. Fuck credit. That’s the jew system. Get out and stay out.

[ - ] Doglegwarrior 0 points 3 weeksApr 14, 2024 22:20:08 ago (+0/-0)

Well I would only do that on over 100k.. I still need credit for tons of things. If you can make cash to live off of go for it. If you want a house dont

[ - ] purityspiral 1 point 3 weeksApr 13, 2024 09:59:22 ago (+1/-0)

What if white people obeyed laws, but only their own. As in laws made by their own people, as opposed to laws made by an occupying parasitic subculture.

[ - ] Reawakened 2 points 3 weeksApr 13, 2024 10:32:17 ago (+2/-0)

I suspect there would be a lot fewer jews, niggers, beaners and slopes hanging about. But, you'd have to get their lips prized off of the jewish money cock first. People don't understand that ruse, but their fear is real.

[ - ] Crackinjokes 2 points 3 weeksApr 13, 2024 12:34:14 ago (+2/-0)

Well there is a good argument to be made that if the currency is going to become worthless that fixed debt is a good thing to take on. You have to time it right. Personally I like the freedom of having no debt but it's a good tactic if the currency is going to collapse because you're going to be paying back in a lot less value but that assumes that you're going to have the increased income to pay it back. Remember that if the currency becomes worthless your income has to increase dramatically to be able to pay off the debt at an effective lower amount if your income does not increase and you still got the same ratio of debt to income and will not be able to pay off that debt at a decreased apparent value.

[ - ] MaryXmas 2 points 3 weeksApr 13, 2024 12:30:11 ago (+2/-0)

I thought of that plan myself. There may be a debt jubilee, but if there is, I do be using my capital to buy other assets at a discount. I plan on having no debt very soon. I am already net positive which is a position I would recommend to all.

Remember, the government could issue a bill that values the dollar as a dime. This would help to correct hyperinflation but would royally fuck people like yourself. This has happened before. I would rather be on the debtor side owning assets so people owe me a dollar instead of a dime.
You would also be trying to adopt a new currency but quickly be priced out of a fair price. After all, you have debt you are trying to pay off and no one wants your shit paper.

[ - ] HonkyMcNiggerSpic 2 points 3 weeksApr 13, 2024 08:09:49 ago (+3/-1)

Things are bad. Grocery prices, gas, etc -Its hitting at the worst time after covid ruined America. Nothing is the same. Fast food restaurants are bizarre now with bizarre workers who can't seem to get anything right, not to mention how much fast food costs now. I've never seen inflation like this. Its dangerous. Biden and his kike buddies think that Americans extra money should go into their pockets because people are just gonna spend their money on dumb stuff anyway. This is liteally what they say to justify jewing Americans. Its a total loss. If you haven't already, I would prepare. War is the only way the elites can create a diversion. Our roads are in the worst shape that I've ever seen. Rough af to drive on, full of potholes. I'm talking major highways. Backroads are fucked. The dollar is worthless.

[ - ] clymer 2 points 3 weeksApr 13, 2024 09:14:54 ago (+2/-0)

^this^ You have had years now to minimize debt and accrue whatever inflation-resistant assets might be able to retain purchasing power in a hyper-inflationary depression (precious metals, crypto, land, storable food, ammo, etc.). Now is the time to prepare more than ever and get ready to hunker down and locate like-minded people to help each other survive what is coming. War is their last card

[ - ] HeyJames 1 point 3 weeksApr 13, 2024 09:47:39 ago (+1/-0)

It's just the slow boil. Everything will simply get steadily worse and nobody will do anything.

[ - ] bossman131 1 point 3 weeksApr 13, 2024 17:11:08 ago (+1/-0)

It's the jews and they must be eliminated.

[ - ] LiberalsAreMental 1 point 3 weeksApr 13, 2024 12:09:12 ago (+1/-0)

The value of a dollar has been cut by 2/3 since the plandemic.

This is a bad thing.

[ - ] 2plus2equals5 1 point 3 weeksApr 13, 2024 12:06:26 ago (+1/-0)*

Credit is economic defamation:
After high school I moved out of an apartment when my roommates stopped paying their share in favor of buying drugs. Got a move-out agreement from the manager which I quickly lost somehow. The company was fucking with her as well.

Couldn't get a NINJA mortgage in California booming market because I was white. Couldn't get a credit card through the Union bank despite having the same steady job and apartment for the last 5 years and having about 40% in cash to put down. Applying for more than one c/c actually damages your credit because they don't want you having different options outside their cartel.

That stayed on my credit report for 11 years. TransUnion wouldn't even send me the forms to contest the credit report unless I sent them a stamped sealed original copy of my birth certificate.

The banking industry needs to be diversified and nationalized with open books and rules.

[ - ] TheSimulacra 1 point 3 weeksApr 13, 2024 11:46:09 ago (+1/-0)

So pay off the jews, then starve?
That's your plan?

[ - ] HeyJames 1 point 3 weeksApr 13, 2024 09:46:05 ago (+1/-0)

Nope.

Just more slow boil.

Modern jews realize people turn against them when sudden moves are made. By fantasizing about and anticipating some grand devastating action, you ignore the daily destruction of your freedom and standard of living. You'll be oh so thankful or dissapointed that it didn't happen that you'll ignore the 3 beaner families moving into section 8 on your block or the new tax you have to pay.

Welcome to the slow boil, where everyone does nothing.

[ - ] Reawakened 1 point 3 weeksApr 13, 2024 10:37:18 ago (+1/-0)

I think you're right, for a while, but it's unsustainable. At some point they cross the line where 30%-50% of your income is needed just to get food. People lose their shit when they have trouble getting food.

[ - ] HeyJames 1 point 3 weeksApr 13, 2024 11:51:48 ago (+1/-0)

They're going to wait until America is majority nonwhite to drop the hammer. Vaxxed boomers will die off and spics breed fast so this will be about 10 years from now.

[ - ] AlexanderMorose13 1 point 3 weeksApr 13, 2024 09:19:38 ago (+1/-0)

THERE IS NO SUCH THING AS INFLATION. YOU ARE SUFFERING A HIDDEN TAX.

Read Eustace Mullins, A Second Look at the Federal Reserve!

"Inflation" can only exist if the currency was designed to be manipulated from the start. America is so kiked that no leader in power is openly discussing the NECESSARY transition to a different or new currency that is not controlled by a central banking agency. They're pretty much squeezing every American citizen through force now. You're not only being taxed higher with new taxes that they invent every week, but the VALUE of the dollar has plunged so low that it's nearly becoming the Weimar Republic mark. Wheelbarrows of money will be required for one person's daily necessities one day.

If you care about your currency having any value, dodge any cryptos and start buying rubles. Russia's currency is going to become so strong that they're going to be required to hold their own economy back.

[ - ] taoV 1 point 3 weeksApr 13, 2024 09:11:47 ago (+1/-0)

Their options now are either default or hyperinflation, and they'll choose hyperinflation becuase it's the one they can try to blame on others. I've considered your strategy but timing it seems difficult, and being White I have this nagging tendency to abide contracts. If it looks like the crisis will start moving faster than debtmaxing is viable.