I was buying puts on the US Dow Jones Industrial index. There are bear market rallies so it goes up and down. Scary to be in the market. Emotional roller coaster. Expect wild volatility and close positions when you are profitable. I just made a mistake a few hours ago and lost an opportunity.

This is why I buy leaps, cost average as they get devastated, hold until they turn around then close at 20% profit.

Currently neck deep in DIA puts expiring mid 2023. 😬

I think It’s going to be ok. Rome, Britain and France lost their empires when their currencies collapsed, but the US doesn’t have far flung holdings, maybe the military will be weaker, things will be more expensive and the US will dominate less but it could bring more balance to the world.

Americans will have smaller vacations, smaller homes, smaller appetites for hobbies, smaller cars, lower standard of living maybe but America can adapt and maintain a high standard of living by cutting out waste. Less selection at the grocery, less wasteful transportation choices, less wasteful energy practices, more efficient lifestyles.

Currency backed by metal or some tangible thing could lead to wars to capture the thing, you know like oil.

D

It’s western block vs BRICS vying for influence over the developing world. Hypocrisy vs untrustworthiness. Why is labor priced differently depending on the country but commodities are set by international markets? Someone’s lower earnings power for the same work is advantageous to someone else.