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Comment by heyitsmedotjayb | Hacker News Reader

Can someone smart tell me how to profit from this if I believe this (plus everything else) is going to spiral into huge crisis?

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If you have to ask, you’re too poor or powerless to properly profit.

I'll go and kill myself quietly then

no, no, no, make sure you spend a lifetime working and paying taxes and implicitly supporting the system first.

His reply seemed insulting but it's true. Anything you hear about on the news has already been "priced in." Everyone else in the world now has the same idea of what bandwagon to jump on.

The best way to derisk would be to get out of the US and surrender your citizenship. But the alternatives may not be all that much better (France has marginally lower debt to gdp, japan has much higher, to give two examples).

Go ask a (capable, preferably open) LLM. If it doesn’t give you a direct answer it will give you enough of a starting point to start asking more questions.

(This is not financial advice)

GenX/Millennial retirement communities abroad. There won’t be any SS funds left for that generation so they won’t be able to retire in the US.

I hear this a lot, and for decades - yet during this time US debt and spending has exploded, including things like covid stimulus, great recession QE, etc. We happily printed/borrowed/etc but when it comes to social security - gee you're just out of luck, no money left, sorry!

Learn the ways of the kangaroo.

In all seriousness - this level of debt will probably require somewhat high rates of inflation to reduce. I'd expect the inflation baseline to be relatively high over the next few decades.

High inflation helps those who borrow with fixed terms. If you have a mortgage, don't pay it off. Don't pay off low interest rate debt. Consider acquiring a responsible amount of low-medium interest rate debt. Put your money into stocks and other assets that will appreciate with inflation.

Have you seen mortgage rates? You really think someone with 6.5% rate should not pay that off early?

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