I sometimes wish that I would have invested more money and in different areas, but I can't complain as I'm blessed with a awesome social security benefits and money in the bank, I'm not rich by any means, but comfortable. Not to brag but in 2011 we paid off our 4 year old house. In 2019 we bought a new 2018 Taurus that was left over from 2018 and bought a new 2019 Colorado z71 and paid cash for them.
So is the dollar technically
Very true DB 318. Since 1971 when Nixon unhinged the dollar from the price of metals the dollar has been a Fiat Currency as well. The Chinese wanted to be paid in gold/silver so Nixon decoupled the dollar from being a "silver certificate" and let it float. The only value the dollar has now is in our perception that it has value. And globally for now at least it is the most preferred currency in the world. This is based on the fact that our government says they will pay their debts and I guess their word means something for now too.
I think you have it mostly right.
I bought Ford stock when it tanked during the Great Recession@ $5 per share. I knew that the gubment would not let an original cornerstone of the economy collapse as it would have created a domino effect.
Some of the digital currency is the people's own fault as they use debit cards, charge cards, smart phones. I don't have a debit card, atm card, smart phone and I'm proud of it. We have to prepay for the fuel for our cars and I still pay cash. The increase in identity theft is also a big fault of the people as they have made it easier for them to do so by using all of these so called easier ways of buying things. Online shopping is also responsible for identity theft going up. When you put your personal information out there so much what do you think is going to happen? Stop and think about it, if you are using plastic for everything, you become easier to track everything you do, cash not so much. I still write checks for all of our bills and I do my own shopping, I don't need someone to do it for me and bring it to my house.
This is true. As I said earlier, some of this is our fault as everyone wants faster, more convenient. I don't remember what the explosive is called but it knocks out everything electrical, which means no phone's, iPhone, iPad's and no way to buy anything. I'm not sure that we will be 100% plastic and least I hope not
The US dollar is fiat currency since we went off the gold standard.
I was off work on medical when that happened so I didn’t have any spare funds sadly.
You do understand how and what Bitcoin is right? Like fully? It’s not entirely just made up. I mean it is, but it does actually perform a function. It’s the only crypto that actually does. The rest are just made up fiats.
This is all true. Honestly, I don’t have a warm and fuzzy long term on it. But it’s only part of my short term investments. Like I said, I diversify and even hold physical assets. Silver mostly as it’s easiest for me to buy and sell locally
