Valkyrie's Account Talk

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[h=3]Closing Balance: $0.00 (Apr 05, 2023)[/h]
tsp is now in the process of sending the check to my annuity which is supposed to be done within 7 to 15 days of April 5.
 
I, Snake Plissken, have fully escaped the TSP.
Received letter from annuity company today confirming my new account on 4/15 with monies balance from TSP.
invested in a total of six different ETFs and Indexes.
 
Valkyrie said:
I, Snake Plissken, have fully escaped the TSP.
Received letter from annuity company today confirming my new account on 4/15 with monies balance from TSP.
invested in a total of six different ETFs and Indexes.
Click to expand...

Congrats on joining us, perhaps if enough people do this, then whoever is running the TSP sh!t show will work to be more competitive.
 
here is were/how the monies are being invested.
Symbols:
1) iShares; IVV, EFA, IYR, IAU.
2) Balanced Asset 10 Index (CIBQB10E), and Balanced Asset 5 Index (CIBQB05E)
 
Valkyrie said:
here is were/how the monies are being invested.
Symbols:
1) iShares; IVV, EFA, IYR, IAU.
2) Balanced Asset 10 Index (CIBQB10E), and Balanced Asset 5 Index (CIBQB05E)
Click to expand...

made a mistake. only invested in Balanced Asset 5 Index (CIBQB05E)
 
same as before now maybe worst.

Because last time they said ‘inflation was transitory’, well, the truth was, inflation was not only out-of-control, it was here to stay.
Back in 2008, the same situation occurred.
After the 85-year-old investment bank, Bear Stearns collapsed, the Treasury Secretary at the time, Hank Paulson stated:
“Our financial institutions, our banks and investment banks are very strong.”
Shortly after, we experienced a huge financial crisis that affected the whole world for years.
And right now, here’s the situation we’re in: The Fed hasn’t been able to get inflation under control despite the record 10 consecutive rate hikes.
​
This has led to 3 banks collapsing, 186 other banks hanging on by a thin thread and Credit Suisse being bought for pennies on the dollar.


On top of this, Joe Biden is planning to retire the US dollar and replace it with the central bank digital currency, also known as CBDCs.
Plus, the relationship between the USA and its allies is breaking down. Key US allies are moving towards China and Russia.


No doubt, we have a real disaster in our hands.
A disaster for the economy, our money and our freedom.
Although the government keeps on reiterating that the “financial system is sound” and that “bank deposits are safe”, we are actually being led to the slaughter.
The reality is, the Federal Reserve hasn’t solved the problem and won’t be able to, because they don’t understand the problem in the first place.
https://politicrossing.com/warning-...robert-kiyosaki-the-coming-financial-tsunami/
 
https://okeefemediagroup.com/breaki...-business-while-spilling-info-on-asset-giant/

In the footage, a BlackRock Recruiter named Serge Varlay describes how BlackRock is able to ”run the world” in about 7 minutes of riveting undercover footage. The footage was captured over the course of several meetings in New York by one of OMG News’ rockstar undercover journalists.
BlackRock Inc is the world’s largest asset management company that’s gained more notoriety as of late due to its large acquisitions. Varlay says it’s easier for BlackRock to do things when “people aren’t thinking about it” and the asset giant “doesn’t want to be anywhere on the radar. This story is a peek into why.
 
https://discernreport.com/the-end-of-an-era-for-stocks-warns-the-fed/

A recent whitepaper by the Federal Reserve warns of “significantly lower profit growth and stock returns in the future.” In his article, End of an Era: The coming long-run slowdown in corporate profit growth and stock returns, Michael Smolyansky explains how the interest rate and corporate tax rate trends for the last thirty years provided a strong tailwind for corporate profits. As a result, stocks performed better than would have otherwise been the case.
[h=2]Summary[/h] Per the Fed’s End of an Era article:
It may be tempting to assume that the exceptional stock market performance over the last three decades will continue indefinitely. My analysis, however, indicates otherwise. Both stock returns and corporate profit growth are very likely to be substantially lower in the future. This conclusion follows from the minimal assumption that interest rates and effective corporate tax rates have very little scope to fall below 2019-levels.
​
The tailwinds of the last thirty years propelling profit growth by about 3% more than GDP are likely over. Without said help, profits are likely to track nominal GDP. However, we must remember that higher interest and tax rates are not out of the question. 4% profit growth may be the upside with a meaningful downside if interest rates stay around current levels and or tax rates increase.
As we wrote earlier:
Simply put, investors will not be willing to pay an above-average valuation for what will seem like below-average profit growth.
 
https://www.kitco.com/news/2023-07-...ine-war-at-risk-of-escalation-Simon-Hunt.html

The U.S. and other G7 countries could be in a recession come fall, with the global equity markets at risk of plummeting 30% in the second half of the year, according to Simon Hunt, founder of Simon Hunt Strategic Services.

"There's a real risk that we will see 10-year Treasuries yielding well over 10%. What's that going to do to a very highly leveraged global system? Three percent was bad enough. Ten percent plus could lead us into … a very deep recession," Hunt said. "The risk of it being a depression is very high. And I don't think we get into trend growth until the early 2030s."
 
Of particular concern is the fact that Saudi Arabia has joined BRICS. This means the Petrodollar is officially in the crosshairs and the Dollar’s status as the world reserve currency is in jeopardy. Many economists and geopolitical analysts are now saying that De-Dollarization and a crashing of the U.S. economy is not a question of “if” but “when”?

Making matters worse, the Biden-Harris regime either don’t realize the dangers we’re facing or they are knowingly engaged in the decimation of our nation’s wealth.

https://thelibertydaily.com/warning-the-expansion-of-brics-means-de-dollarization-is-here/
 
https://www.marketwatch.com/story/s...-been-seen-in-30-years-de7aace7?mod=home-page

Something unusual is happening in the market for copper that hasn’t been seen in nearly 30 years. Some see it as yet another sign that the global economy could be headed for a rough patch.
Declining prices in the spot market for copper have pushed the spread between the spot price and the price of futures traded on the London Metals Exchange for delivery three months out to its widest level since 1994, putting the copper futures curve into a state of extreme contango — a term used by commodity futures traders to describe when futures prices are trading in excess of the spot price.
Prices have been declining over the past few months as inventories have piled up at London Metals Exchange warehouses around the world.
Falling demand is largely a factor of weakness in the Chinese economy, analysts say. But given that China’s economy is the world’s second largest, the ripple effects could be felt as far away as Europe, the U.S. and beyond.
 
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