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heyitsmedotjayb 15 hours ago

Can someone smart tell me how to profit from this if I believe this (plus everything else) is going to spiral into huge crisis?

datsci_est_2015 15 hours ago | parent | next [-]

If you have to ask, you’re too poor or powerless to properly profit.

heyitsmedotjayb 15 hours ago | parent [-]

I'll go and kill myself quietly then

xsmasher 12 hours ago | parent | next [-]

His reply seemed insulting but it's true. Anything you hear about on the news has already been "priced in." Everyone else in the world now has the same idea of what bandwagon to jump on.

cucumber3732842 15 hours ago | parent | prev [-]

no, no, no, make sure you spend a lifetime working and paying taxes and implicitly supporting the system first.

NewJazz 15 hours ago | parent | prev | next [-]

The best way to derisk would be to get out of the US and surrender your citizenship. But the alternatives may not be all that much better (France has marginally lower debt to gdp, japan has much higher, to give two examples).

wolttam 15 hours ago | parent | prev | next [-]

Go ask a (capable, preferably open) LLM. If it doesn’t give you a direct answer it will give you enough of a starting point to start asking more questions.

(This is not financial advice)

naveen99 12 hours ago | parent | prev | next [-]

Learn the ways of the kangaroo.

tedggh 15 hours ago | parent | prev | next [-]

GenX/Millennial retirement communities abroad. There won’t be any SS funds left for that generation so they won’t be able to retire in the US.

gedy 15 hours ago | parent [-]

I hear this a lot, and for decades - yet during this time US debt and spending has exploded, including things like covid stimulus, great recession QE, etc. We happily printed/borrowed/etc but when it comes to social security - gee you're just out of luck, no money left, sorry!

14 hours ago | parent | prev | next [-]
[deleted]
Camus134 15 hours ago | parent | prev [-]

In all seriousness - this level of debt will probably require somewhat high rates of inflation to reduce. I'd expect the inflation baseline to be relatively high over the next few decades.

High inflation helps those who borrow with fixed terms. If you have a mortgage, don't pay it off. Don't pay off low interest rate debt. Consider acquiring a responsible amount of low-medium interest rate debt. Put your money into stocks and other assets that will appreciate with inflation.

NewJazz 13 hours ago | parent [-]

Have you seen mortgage rates? You really think someone with 6.5% rate should not pay that off early?