| yankee | 05-12-2022 12:06 PM |
Re: Crypto Blowing Up
I am liquidating hard assets now because I truly feel that asset prices are going to have a rapid price reduction within the next 18 months. I am basically selling off all cars, power sports, trailers, equipment, land while the prices are still prime and people have credit and cash.
The moment that these jobs start drying up, things are going to get wonky and that will create a domino effect almost certainly.
Of course these monetary planners(FED, IMF, CENTRAL BANK, ETC) will reverse course and the window of opportunity for buying cash-flowing assets might be much shorter than years past.
I suggest anyone with credit card debt and bad loans to pay them down if possible. If you can come out of this next 18 months with cash and a great credit score, you can be set for life.
Credit scores have changed and going to be changing more by end of 2022. Number one score crusher is going to be credit card balances. Even a 30% utilization rate might make it so banks short on cash wont lend and how they are measuring utilization is based on the previous 24 months. People like myself wont be able to manipulate the score and use credit cards with no and low interest rates and expect to buy hard assets easily in the years to come.
Just my $0.05 cents(up from 2 cents for inflation) haha | 
