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WhatsUpPup [none/use name]

WhatsUpPup@hexbear.net
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This is really great advice. Back in 2016 I became convinced that an economic depression was imminent. I started reading personal histories of the Great Depression. From that i divined that those who survived the best had the following:

  • a strong local network of folks on whom they could rely and trade.
  • a food source within reach of their front door. Essentially a vegetable garden with food producing animals, namely dairy cows and chickens (I realize this has its limits for a lot of folks).
  • a personal outlook that accepted the loss of personal comfort and enjoyment.
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I was banned from wallstreetbets for talking about the declining rate of profit

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FT and WSJ are the only press I read. I’ve also stopped listening to most left wing podcasts and replaced them with macro investing podcasts.

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Yes, I do like Mike Duncan and age of Napoleon. I listen to a lot of Historical audiobooks - am 3/4 way through invisible bridge. Finished reading a stack of books on the French Revolution and my conclusion was basically “hold onto your hats”.

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Retirement communities will be an anachronism soon enough. Most boomers will die in the care of their millennial children.

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Life is easier if you can find your contentment in nature

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I’ve thought a lot about this - the boomers have almost all their wealth tied up in their home equity. pretty soon they’ll need to cash out that home equity to fund their long term aged care. However if they flood the market, and millennials are still wearing economic concrete shoes, the boomers will be unable to get the prices they need to fund their long term aged care.

Enter hedge funds. All the big investment funds and hedge funds are gearing up their real estate funds. They are preparing to swoop in and bail out the boomers one last time by buying up the coming glut of residential real estate. They will become massive land lords. I’ve contacted my local government and planning body to discuss this, but they aren’t interested. No one is going to place limits of corporations buying residential real estate. This is going to be a fucking nightmare.

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Vegemite and avocado on toast is as close to heaven as can exist in this material realm.

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I’ve never respected the Australians who spread it on with a trowel - they treat it merely as an affect. The only moderation I support is moderation in vegemite toast spreads. It’s almost the exact center between a little and a lot.

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