Redouble your efforts to produce more than you consume and save the difference. Just don’t save in dollars or any other digital fiat currency. You want to save in gold...out of the system.
For the average person, inflation cuts deeper than a flesh wound. The rate of inflation has come down; this means already way-too-high prices are still rising, just slower.
Federal debt increased by one trillion dollars from mid-September to the beginning of the new year. It is expected to increase by around another trillion dollars by the end of March!
The gold price is always playing catchup to the previous effects of inflation which are manifest in the continual loss of purchasing power in the U.S. dollar.
As Yellen smiles with glee over the sound shape we are in, she might consider that the commercial real estate market is already a disaster, even if it hasn’t taken down any more banks.
The government changed the definition of money and citizens could henceforth be compelled to accept non-redeemable paper as equal to gold or silver coins.
The coming bear market stands to bring greater hardship than the 1930s. People were more resourceful then, with 30% of the U.S. work force tied to agriculture, literally living off the land.
A cross-the-board ‘Debt Jubilee’ might sound radical, but a reading of history shows that retiring debt can actually make a country’s economy, and its indebted citizenry, all the better for it.
