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New World Order

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SHUSA

All World
Jan 10, 2013
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Biden claims there will be a new world order. Dalio has been claiming this forever. is it predicted or planned?

Collapse is coming. Collapse of USD, in comes digital currency. will US remain the dominant superpower? unlikely.

its a zero sum game where people have to lose in order for people to win. how do we not lose? whats the gameplan here?

 
SHUSA said:
president of new zealamd said it. australia. ukraine president grabbed a gun and said were fighting for the new world order.

whats the plan here
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Get a gun permit, buy a few weapons, load up on ammo and have a bunch of cash/valuables stashed at home. I'm not joking.
 
SHUSA said:
president of new zealamd said it. australia. ukraine president grabbed a gun and said were fighting for the new world order.

whats the plan here
Click to expand...

Cashless society, social credit system, some form of global governance.
 
HALL85 said:
Get a gun permit, buy a few weapons, load up on ammo and have a bunch of cash/valuables stashed at home. I'm not joking.
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i have a super conspiracy buddy who has been saying this forever. hes a crypto guy today told me "they are going to crash the internet and financial system and ripple will be the new liquidity system for the new central bank digital currency system forced on us"

hes a super conspiracy guy problem is he hasnt been that wrong
 
SHUSA said:
so how will taking cash out help? i feel like were essentially boned here. maybe well buy a house
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Scarcity. If nobody has it, it becomes more valuable. Although if nobody accepts it.....

They want a cashless society so they can turn your money on and off based on how well you behave (i.e. limit your access to only approved purchases). That's what's starting to happen in China and it's the model the elite want for the rest of the world. It's the ultimate control method.

Freedom isn't valued by those who run the world and their sycophants, although I believe it will win in the end.
 
shu09 said:
Scarcity. If nobody has it, it becomes more valuable. Although if nobody accepts it.....

They want a cashless society so they can turn your money on and off based on how well you behave (i.e. limit your access to only approved purchases). That's what's starting to happen in China and it's the model the elite want for the rest of the world. It's the ultimate control method.

Freedom isn't valued by those who run the world and their sycophants, although I believe it will win in the end.
Click to expand...
so the USD wil collapse but also retain value through scarcity? doesnt add up.

scary stuff. we enter the world in a recession, fight past a pandemic, try to do all the right things and it all goes to shit. right now im trying to go full steam in retirement planning, investing, etc. but it seems any move ill make with my money will be guaranteed to backfire. even taking out cash could backfire. what can you really save your money in right now?

time to live like a peon. the rich only win if we lose.
 
shu09 said:
I don't think things are as dire as you make them out to be.
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mean while Hall85 is seriously saying to buy weapons and stash cash at home. biden addressing the impending cyber attack (which was called a "cyber pandemic" at the workshops)

listen, if u wanna tell me my 401k will be ok, im willing to listen lol. but when level headed posters like 85 are saying to buy guns i start buying in to the panic.
 
SHUSA said:
mean while Hall85 is seriously saying to buy weapons and stash cash at home. biden addressing the impending cyber attack (which was called a "cyber pandemic" at the workshops)

listen, if u wanna tell me my 401k will be ok, im willing to listen lol. but when level headed posters like 85 are saying to buy guns i start buying in to the panic.
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I don't think they are as dire either, but if Hurricane Sandy taught you anything, you take the power grid down for more than a week, people start to act like animals. What happens at two weeks, three weeks?? You going to call the police in a time of crisis when everyone else is?
 
HALL85 said:
I don't think they are as dire either, but if Hurricane Sandy taught you anything, you take the power grid down for more than a week, people start to act like animals. What happens at two weeks, three weeks?? You going to call the police in a time of crisis when everyone else is?
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had a glimpse of it with pandemic. sounds like you might be stocking up your freezer too.
 
shu09 said:
They want a cashless society so they can turn your money on and off based on how well you behave (i.e. limit your access to only approved purchases). That's what's starting to happen in China and it's the model the elite want for the rest of the world. It's the ultimate control method.
Click to expand...

That isn't too far away from where we are now though considering the far majority of transactions are cashless. Government would be able to intervene with our transactions now if they really wanted to. Not sure going entirely cashless would change that much.

Also, some of your concerns are the reason why Bitcoin was created as a peer to peer decentralized payment system where you can transact outside of anyone's control.
 
HALL85 said:
I don't think they are as dire either, but if Hurricane Sandy taught you anything, you take the power grid down for more than a week, people start to act like animals. What happens at two weeks, three weeks?? You going to call the police in a time of crisis when everyone else is?
Click to expand...
Read the book Total Power Vince Flynn. All about a terrorist attack closing down our grid. Eye opening especially at the 3 week mark.
 
SHUSA said:
so the USD wil collapse but also retain value through scarcity? doesnt add up.

scary stuff. we enter the world in a recession, fight past a pandemic, try to do all the right things and it all goes to shit. right now im trying to go full steam in retirement planning, investing, etc. but it seems any move ill make with my money will be guaranteed to backfire. even taking out cash could backfire. what can you really save your money in right now?

time to live like a peon. the rich only win if we lose.
Click to expand...

Dude, invest in your 401K, max it out. Act like that money doesnt exist. Create a budget that allows you to save, work the next 30 years, take nice vacations, enjoy family, have a few kids, teach them to be good citizens, retire with a stack of money that has compounded for 30 years.
 
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Merge said:
That isn't too far away from where we are now though considering the far majority of transactions are cashless. Government would be able to intervene with our transactions now if they really wanted to. Not sure going entirely cashless would change that much.

Also, some of your concerns are the reason why Bitcoin was created as a peer to peer decentralized payment system where you can transact outside of anyone's control.
Click to expand...

In my opinion, Crypto will be worthless after the big asset bubbles correct (stock market, housing).
 
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HALL85 said:
I don't think they are as dire either, but if Hurricane Sandy taught you anything, you take the power grid down for more than a week, people start to act like animals. What happens at two weeks, three weeks?? You going to call the police in a time of crisis when everyone else is?
Click to expand...

People sure do act like animals. I'm not a gun owner but my Belgian shepherd is an enforcer to any intruders.
 
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kniespolice said:
Dude, invest in your 401K, max it out. Act like that money doesnt exist. Create a budget that allows you to save, work the next 30 years, take nice vacations, enjoy family, have a few kids, teach them to be good citizens, retire with a stack of money that has compounded for 30 years.
Click to expand...
yes thats always the plan i just dont trust itll be there waiting
 
Interesting with 401ks. If you are not getting a nice match from your employer, is 401ks really the way to go? Or should you just have a brokerage account that you treat like your retirement fund and never touch?

I never did a 401k. I get that pretax dollars are going into it. However, after retirement, you are paying taxes on that at your individual income tax rate. Whereas, in your brokerage account, you are just paying capital gains. I know there are a lot of different variables but I am not sure the whole 401k is the way to go. God forbid you have an emergency and need to tap into that money before retirement age. Any thoughts on this?
 
Diversify. Both your investments and your accounts. It's smart to have a workplace retirement plan, an IRA (Roth or regular) and a brokerage account.
 
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cernjSHU said:
Interesting with 401ks. If you are not getting a nice match from your employer, is 401ks really the way to go? Or should you just have a brokerage account that you treat like your retirement fund and never touch?

I never did a 401k. I get that pretax dollars are going into it. However, after retirement, you are paying taxes on that at your individual income tax rate. Whereas, in your brokerage account, you are just paying capital gains. I know there are a lot of different variables but I am not sure the whole 401k is the way to go. God forbid you have an emergency and need to tap into that money before retirement age. Any thoughts on this?
Click to expand...

Really depends on your personal circumstances and planning. Since most people really don't plan, it's easiest just to stick with the mantra of using a 401k (set it and forget it). You can also use after tax dollars as well in some plans

If you're not getting a match and you are disciplined enough to actually put the same amount into a brokerage account, then I might go with the brokerage route instead.

In an emergency you can take a hardship withdrawal or loan from a 401k plan pretty easily.
 
cernjSHU said:
Interesting with 401ks. If you are not getting a nice match from your employer, is 401ks really the way to go? Or should you just have a brokerage account that you treat like your retirement fund and never touch?

I never did a 401k. I get that pretax dollars are going into it. However, after retirement, you are paying taxes on that at your individual income tax rate. Whereas, in your brokerage account, you are just paying capital gains. I know there are a lot of different variables but I am not sure the whole 401k is the way to go. God forbid you have an emergency and need to tap into that money before retirement age. Any thoughts on this?
Click to expand...

You would have to model it against different scenarios, assumptions, tax brackets, etc



Your approach would likely make sense if you are in a higher tax bracket in retirement and if you buy and hold the stocks until you retire. In other words the long-term capital gains rate would have to be lower than your retirement tax bracket. Any dividends you get would be taxed at your marginal rate from day one.

Depending on your tax bracket when you originally earned the money, that could make a big difference in which approach makes more sense.

FWIW, I did an in service roll over of my 410K to an IRA in a Schwab account. Okay be much more flexibility in what I could invest in. It didn't change the tax implications but I prefer having more control of my investment.
 
i get a match and contribution w 401k. no brainer. cant contribute to my roth ira anymore and have no idea what to do with that.

the tax implications are a whole new beast i need to learn
 
SHUSA said:
i get a match and contribution w 401k. no brainer. cant contribute to my roth ira anymore and have no idea what to do with that.

the tax implications are a whole new beast i need to learn
Click to expand...

If you can't contribute to the roth anymore, just let it sit and grow. You can contribute unless your adjusted gross income is over $129,000. Then there is a $15K buffer to $144,000 where you can make a reduced contribution. Anything over $144K and you can't contribute, but if you're at that income level you're doing pretty well. Roth wasn't meant for higher earners.
 
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shu09 said:
If you can't contribute to the roth anymore, just let it sit and grow. You can contribute unless your adjusted gross income is over $129,000. Then there is a $15K buffer to $144,000 where you can make a reduced contribution. Anything over $144K and you can't contribute, but if you're at that income level you're doing pretty well. Roth wasn't meant for higher earners.
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the problem is you have to predict what youll have by end of year. what if you get a big bonus in december? theoretically you contributed $6k but during the year but might not be eligible by december. ill figure it out, but shows how the barrier to master this stuff is purposely high so less people figure it out
 
SHUSA said:
the problem is you have to predict what youll have by end of year. what if you get a big bonus in december? theoretically you contributed $6k but during the year but might not be eligible by december. ill figure it out, but shows how the barrier to master this stuff is purposely high so less people figure it out
Click to expand...

Then you wait until 2023 to see what your AGI for 2022 was. Make a 2022 contribution up until April 15, 2023.
 
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SHUSA said:
the problem is you have to predict what youll have by end of year. what if you get a big bonus in december? theoretically you contributed $6k but during the year but might not be eligible by december. ill figure it out, but shows how the barrier to master this stuff is purposely high so less people figure it out
Click to expand...
You have until April 15 to recharacterize the prior year contributions. I.e. if you contributed to a Roth and find out that you're not eligible you can take it out of the Roth and put it in a regular IRA.
 
Pirata said:
You have until April 15 to recharacterize the prior year contributions. I.e. if you contributed to a Roth and find out that you're not eligible you can take it out of the Roth and put it in a regular IRA.
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youd be surprised how difficult it is to find that. just a few hints at "backdoor ira". its new to me. i have to assume some tax consequences once thats running.

im also wondering if i should let the total amount in the roth sit or move the total somewhere else. its not a ton.
 
SHUSA said:
youd be surprised how difficult it is to find that. just a few hints at "backdoor ira". its new to me. i have to assume some tax consequences once thats running.

im also wondering if i should let the total amount in the roth sit or move the total somewhere else. its not a ton.
Click to expand...

It's right on the IRS website lol.
 
SHUSA said:
im also wondering if i should let the total amount in the roth sit or move the total somewhere else. its not a ton.
Click to expand...

Unless you have to you never want to take money out of a Roth IRA until you are using it in retirement.

Even then, depending on what you want to do with leaving money to your heirs, leaving it to them in a Roth IRA is much better than leaving it to them in a regular. IRS
 
Threat of cyberattack will be revved up for the 2022 midterms..mail in only..we cant trust tge results..watch for it
 
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