The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s import taxes at least temporarily disrupted business, the Commerce Department reported Thursday in a a downgrade from its previous estimate.
I will say, that I moved all my entire 401(k) balance into international market funds, and out of anything based in the United States. Currently, my returns are killing it. I realize that a few months is not a firm or lasting indicator, however, I do feel it is both telling, and a very good sign, for my finances at any rate.
I mean, I don’t have any money saved up so like jokes on them…
…but also yeah it is clear to me that the world is going to de-dollarize in terms of the US dollar being a financial reserve currency, but nobody not even people who hate the US (what could you ever be upset with us about???) wanted the de-dollarization to happen this fast and violently but I think a lot of powers that be in the global economic system are realizing they can’t wait.
It is going to cause a lot of hurt, and it is wise of you to get your money as far from the US as you can because the signs are pointing in my opinion to a great depression right now in the US. It still can be avoided or mitigated, but those things are not happening, the opposite is happening at an accelerating rate shrugs.
What worries me most isn’t actually the conservatives making this great depression 2 happen, the most worrying thing to me is that the rest of this country is in denial about how bad it is about to get. We have decided a great depression can’t and won’t actually happen in 2025, we have moved past that stuff, same thing with covid. It is a very scary and sickening society to reside in ughh.
I moved 1/3 into international funds (VWICX), but the expense ratio is much higher and I can’t tell whether it’s offsetting any gains. Are you willing to share which funds you’re invested in?
I will say, that I moved all my entire 401(k) balance into international market funds, and out of anything based in the United States. Currently, my returns are killing it. I realize that a few months is not a firm or lasting indicator, however, I do feel it is both telling, and a very good sign, for my finances at any rate.
I mean, I don’t have any money saved up so like jokes on them…
…but also yeah it is clear to me that the world is going to de-dollarize in terms of the US dollar being a financial reserve currency, but nobody not even people who hate the US (what could you ever be upset with us about???) wanted the de-dollarization to happen this fast and violently but I think a lot of powers that be in the global economic system are realizing they can’t wait.
It is going to cause a lot of hurt, and it is wise of you to get your money as far from the US as you can because the signs are pointing in my opinion to a great depression right now in the US. It still can be avoided or mitigated, but those things are not happening, the opposite is happening at an accelerating rate shrugs.
What worries me most isn’t actually the conservatives making this great depression 2 happen, the most worrying thing to me is that the rest of this country is in denial about how bad it is about to get. We have decided a great depression can’t and won’t actually happen in 2025, we have moved past that stuff, same thing with covid. It is a very scary and sickening society to reside in ughh.
I moved 1/3 into international funds (VWICX), but the expense ratio is much higher and I can’t tell whether it’s offsetting any gains. Are you willing to share which funds you’re invested in?
Absolutely:
Thank you so much.