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gold is worth infinitely more us dollars then it was 250 years ago. checkmate statist
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Jan 26, 2016 01:27
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blugu64 posted:gold is worth infinitely more us dollars then it was 250 years ago. checkmate statist But how many pieces of eight? 
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Jan 26, 2016 01:54
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Fell Fire posted:But how many pieces of eight? What's the current rate of gold doubloons to bitcoins?
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Jan 26, 2016 03:05
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Devian666 posted:What's the current rate of gold doubloons to bitcoins? 1 doubloon is .218 troy ounces of 22-carat gold. Ignoring any historical value of a gold doubloon and just using the spot price of gold, that's ~$220. One BTC is ~$390, so it's ~.56 BTC per doubloon. Craptacular fucked around with this message at 03:48 on Jan 26, 2016 |
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Jan 26, 2016 03:45
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I think I'll hold onto my treasure chest until the value of bitcoins falls.
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Jan 26, 2016 04:24
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Guinness posted:But how can I get off on my doomsday fetishism with realistic, practical advice like that? If you want I can describe some really hellish post-apocalyptic landscapes and you can stroke it to that.
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Jan 26, 2016 04:52
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Switchback posted:Every generation since the beginning of time thought the apocalypse would happen in their generation. It's not going to happen in ours. Eh, global warming isn't some bugaboo or a hypothetical like nuclear war. It's happening, and it will have very drastic consequences. 30 or 80 or 130 years, who knows. Safer to assume you still need to save for retirement though because even if you think it will happen sometime in the next hundred years that it comes to a head, the odds of it being after you have at least one foot in the grave are pretty good.
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Jan 26, 2016 05:14
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Nail Rat posted:Eh, global warming isn't some bugaboo or a hypothetical like nuclear war. It's happening, and it will have very drastic consequences. 30 or 80 or 130 years, who knows. Safer to assume you still need to save for retirement though because even if you think it will happen sometime in the next hundred years that it comes to a head, the odds of it being after you have at least one foot in the grave are pretty good. I agree, I'm a meteorologist who went to school for global warming, but I'm confident that companies will develop solutions for all the problems that will come up. You will just exchange some money and have whatever you need. Even more reason to save for retirement. The CEO of my company came in yesterday and gave a whole presentation about the climate and population forecasts and the strategy for how they will adapt to it, build new infrastructure, land reclamation, water treatment, poo poo like that. Climate change isn't going to catch us off guard, companies may deny it publicly but privately they're all making plans.
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Jan 26, 2016 05:29
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As far as I can tell from everything I've read, it's mostly third-world countries that'll be hosed(at least in the short term). It might suck a bit for first world countries, but nothing apocalyptic. Best to assume it'll be business as usual & keep saving for retirement. Sure, even the first world countries might be hosed in the long-term, but that's the future generations' problem!
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Jan 26, 2016 07:35
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lol humans aren't going to stop until the earth is a burnt out husk
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Jan 26, 2016 08:26
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the captains of industry playing toy rockets with each other are our only hope
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Jan 26, 2016 08:29
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idiot commenter on Vice posted:Whoever that analyst is he's dead wrong that recessions happen because "...People do too much investment—whether it's in inventories, fixed assets, or what-have-you, or they consume too much." - that's a sign of a healthy economy, not a recession. You cannot "consume too much" unless you're a socialist getting your supplies rationed. Can't consume too much. There you go. I was in a casual discussion on climate change yesterday and couldn't even remember the name of Bangladesh. I just kept calling it "that country East of India that won't exist in 50 years."
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Jan 26, 2016 09:06
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Late last year I went to an event and an MP proudly spouted how the New Zealand Government had achieved a tiny budget surplus of a few hundred million. Well it's turned around into a $1.6B NZD deficit in the past month. Whoops they misplaced almost $2b, unless of course they were fiddling the books. http://www.interest.co.nz/bonds/79681/treasury-reports-budget-deficit-five-months-november-nz164-bln-deficit-nz383-mln-worse There are still bank economists talking up the positive economic data. Fact is all tax takes are down, profits and sales have all dropped away on the whole economy. Now more people are wondering if this might be the start of events that could burst the property bubble in New Zealand. The whole Government is BWM.
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Jan 26, 2016 10:55
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Don't read the D&D climate change thread. It's terrible. They (rightly) yell about people ignoring science but then pounce on ever single doomsday theory or hypothesis as if it's peer reviewed science. Also there are a bunch of human caused environmental issues that will gently caress us well before climate change does.
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Jan 26, 2016 12:20
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oxsnard posted:Don't read the D&D climate change thread. It's terrible. They (rightly) yell about people ignoring science but then pounce on ever single doomsday theory or hypothesis as if it's peer reviewed science. Hey, I totally don't want to derail, but can you give me a bucket list of those issues? (I assume ocean acidification is one?) I need to do some more anxieting this week.
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Jan 26, 2016 12:52
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We're going to spend trillions trying to cool the planet and then Yellowstone is going to blow and send us into another ice age. Not doubting any of the science, just that the worst we can do (omitting nuclear armageddon) is a rounding error for one really big volcanic blast. And investing in Bangladesh or Dutch coastal properties is BWM (see, it's not a derail).
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Jan 26, 2016 14:38
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Dawncloack posted:Hey, I totally don't want to derail, but can you give me a bucket list of those issues? (I assume ocean acidification is one?) Running out of clean water, fertilizer runoff, acid mine drainage in developing countries. Disease is a biggie with the irresponsible use of antibiotics and close human contact with exploding population growth in the third world Ocean acidification is about a billion times scarier and much more "model-able" than warming. Honestly though a phosphate shortage and mass starvation is probably the scariest thing I can think of right now. Most phosphate is dispersed throughout the biosphere and earth's crust with the exception of like 2 places in the world where its mined. Meanwhile the US government pays farmers to grow excess corn which we inefficiently turn into combustible fuel and lose the phosphate to the groundwater and open water forever.
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Jan 26, 2016 17:26
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I never understood the whole deal with corn as an energy source. It's ostensibly renewable, sure, but given the continual need for labor input, it's not great in terms of resources invested vs energy harvested. Why did it catch on in such a big way?
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Jan 26, 2016 17:31
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How else? Lobbying. Also American farming has been treated this way since FDR Also note that Iowa has a huge role in selecting the president due to primaries and mentioning cutting subsidies to corn is political suicide in that state
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Jan 26, 2016 17:39
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Not a Children posted:I never understood the whole deal with corn as an energy source. It's ostensibly renewable, sure, but given the continual need for labor input, it's not great in terms of resources invested vs energy harvested. Why did it catch on in such a big way? Fuel ethanol consumes corn, buoying the price. Allowing farmers to continue growing corn using their financed infrastructure removes their existential dread over owing lots of money for equipment that has no demand to be used. Not filling corn farmers with existential dread for financing their infrastructure allows infrastructure builders to continue to sell financed infrastructure. (Tractors, thrashers, fertilizers, etc.) There's lots of economic interest in both subsidizing corn production and in consuming it in foolish ways. There's almost no economic interest in pushing people out of corn. It's like a stock with an inflated price but no short interest.
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Jan 26, 2016 17:41
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I guess apocalypse chat is better than wedding chat? https://www.reddit.com/r/personalfinance/comments/42s2wg/50000_used_car_purchase_cash_vs_financing/ quote:Hello all, quote:I still have a $7,500 emergency fund if the need arises, so I don't foresee myself desperately needing the money immediately. quote:Planning on probably a Porsche 997S. In the overall pantheon of reddit BWM this guy probably doesn't rate, but jesus that poo poo is dumb. Spending more than your yearly take home on a used Porsche. Car people are weird.
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Jan 26, 2016 18:09
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YESSSSSS he does want to buy a used Porsche as his loving daily driver BFC is the goddamn giving tree today between this and the houseboat guy
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Jan 26, 2016 18:24
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I just wanna grab this guy by the shoulders and shake him, yelling "BUY A $20,000 CAR AND INVEST THE $30,000 YOU FOOL." Even 20,000 is way more than I'd ever spend on a used car.
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Jan 26, 2016 18:28
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NancyPants posted:YESSSSSS he does want to buy a used Porsche as his loving daily driver BFC is the goddamn giving tree today between this and the houseboat guy Hit us with a houseboat update?
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Jan 26, 2016 18:32
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Subjunctive posted:Hit us with a houseboat update? It's glorious, definitely go check out the thread for today's update.
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Jan 26, 2016 18:34
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The contract edit is righteous, but antagonizing your landlord when you have tenuous housing options is bad with SOMETHING, that's for sure.
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Jan 26, 2016 18:39
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Barry posted:I guess apocalypse chat is better than wedding chat? He probably should not spend that much on a car given his income but honestly a used 911 is about the least depreciating, most insurable, and maintenance friendly ostentatious luxury sports car you can buy. Daily driving a car like that that depreciates almost entirely based on mileage is expensive though unless your commute is really short.
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Jan 26, 2016 18:50
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https://www.reddit.com/r/personalfinance/comments/42sfra/house_buying_with_a_friendlooking_for_advice/quote:I've been discussing and am very seriously considering buying a house with a friend. We were roommates for 3 years, get along, and we'd rent out the other room to my current roommate. We both have steady jobs. quote:DO NOT DO THIS! Bet he does it anyway. Oh, and he follows up with quote:Hah, all the negative nancies. Alright, walk me through best case and worst case scenarios: Now I know he's doing to do it anyway. We should hook this guy up with the houseboat guy. Moneyball fucked around with this message at 19:09 on Jan 26, 2016 |
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Jan 26, 2016 19:07
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BEHOLD: MY CAPE posted:He probably should not spend that much on a car given his income but honestly a used 911 is about the least depreciating, most insurable, and maintenance friendly ostentatious luxury sports car you can buy. Daily driving a car like that that depreciates almost entirely based on mileage is expensive though unless your commute is really short. Yeah it's maintenance-friendly because it's going to be in the garage all the drat time. A 911 is not a suitable DD, especially not a used one, and there is no point to spending $50k on one. I find it suspicious that he doesn't have a garage or a current project car if he's really such a car hobbyist, but even if he is, spending no more than half that and having it as a real project car would be the way to go. Hobby car as a daily driver isn't a hobby, that's necessity. Moneyball posted:Now I know he's doing to do it anyway. We should hook this guy up with the houseboat guy. Do it. I can't suggest it, he rightly doesn't trust me. But it'd be mortgage split 4 ways instead of 3. SAVINGS.
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Jan 26, 2016 19:12
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I wonder how on earth he saved up all that money with so little common sense. Must be an inheritance or something.
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Jan 26, 2016 19:24
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antiga posted:I wonder how on earth he saved up all that money with so little common sense. Must be an inheritance or something. He might be good with money generally, but have a blind spot around Owning A Porsche. Everyone has something they're irrational about.
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Jan 26, 2016 19:30
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Being able to not spend money in your possession and not understanding how to invest that money in an intelligent way are totally orthogonal concerns. You can be smart in one and stupid in the other.
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Jan 26, 2016 19:38
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Barry posted:I guess apocalypse chat is better than wedding chat? The best part is that it's not only a $50,000 car, it's one with the potential to cost him a solid $15,000 for an engine replacement should the IMS bearing fail catastrophically, a point he covers in that thread. He handwaves it saying that he is used to keeping up with maintenence because he's owned BMWs in the past (notorious maintenance whores). The thing is, you can't replace the IMS bearing without dropping the transmission from the car at the very least. I'm sure he's not up for that kind of work on his own.
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Jan 26, 2016 19:40
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BloodBag posted:The best part is that it's not only a $50,000 car, it's one with the potential to cost him a solid $15,000 for an engine replacement should the IMS bearing fail catastrophically, a point he covers in that thread. He handwaves it saying that he is used to keeping up with maintenence because he's owned BMWs in the past (notorious maintenance whores). The thing is, you can't replace the IMS bearing without dropping the transmission from the car at the very least. I'm sure he's not up for that kind of work on his own.
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Jan 26, 2016 19:45
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The car dude deleted his account after receiving only a token amount of pushback. He did at one point try to claim that his estimated $333 car payment (calculated by amortizing $20k in depreciation in his cash-bought car over 5 years) would be his transportation and entertainment budget. He said it was basically the same has driving a $150/mo car and having a $200/mo fun budget. As if he'd never go out for good times with his fancy new car. He did not address concerns of insurance and maintenance costs, simply stating that "well, it's gotta be cheaper than maintaining the bimmer I've got right now"
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Jan 26, 2016 19:56
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Not a Children posted:The car dude deleted his account after receiving only a token amount of pushback. To be fair the guy has managed to amass $50k in cash on a $60k salary while saving adequately (seemingly) for retirement - so he's probably just the most boring do-nothing person in the world. While it's an awful idea, I'm sure he'll be able to "afford" it.
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Jan 26, 2016 20:31
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Switchback posted:I agree, I'm a meteorologist who went to school for global warming, but I'm confident that companies will develop solutions for all the problems that will come up. You will just exchange some money and have whatever you need. Even more reason to save for retirement. I am an interpreter for the UN and I see the same thing happening here.
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Jan 26, 2016 20:34
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Not a Children posted:He did not address concerns of insurance and maintenance costs, simply stating that "well, it's gotta be cheaper than maintaining the bimmer I've got right now" From what I've heard of bimmers, he might have a point.
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Jan 26, 2016 20:52
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Setting aside IMS (which is a giant middle finger from Stuttgart), consumables alone on a 911 are significantly more expensive than a BMW.
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Jan 26, 2016 21:15
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Krispy Kareem posted:From what I've heard of bimmers, he might have a point. Ehh, not really. Porsches are in a different league than the other Germans. I've owned a couple of BMWs, and still do own one (a 12 year old 330), and depending on the model they range from "a bit more than a Honda Accord" to "just leave a blank check with the shop". Their reputation as money pits isn't wholly deserved, but dumb people (like this guy we are talking about) get in over their heads when they don't keep up with things. Also paying a dealer to do every little service is going to bite you hard. Same thing as any upscale brand, really. My parents get raked over the coals just as much by Acura because they always go to the dealer for everything. A 3 series is generally not too bad for maintenance. More than a stripper economy car, no doubt, but they sell a jillion of them, parts are readily available for similar prices to most other brands, and tons of independent shops work on them cheaper (and often better) than dealers. But something like a 7 series that is essentially a rolling beta test of techno gadgets is where they get their hilariously expensive reputation from. There's a reason those $100k 7ers depreciate to under $20k in 6 years, at which point morons thinking they're getting a great deal buy them and then get reamed with the repair bills of what began life as a $100k car. But all that aside, Porsches make BMWs look cheap if you're paying shop rates. If keeping up a BMW spooks you then you should definitely not be looking at Porsches. And definitely not when you only make 60k/yr. Note: I'm not endorsing getting a BMW as a strictly BFC good with money idea. If you don't care about cars and are just looking for some plain old transportation get something cheaper and simpler. Guinness fucked around with this message at 21:42 on Jan 26, 2016 |
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Jan 26, 2016 21:19
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