AN,
I don’t think that ‘normal’ inflation like the 70’s is possible again anytime soon.
I believe that 2 other extreme scenarios are more likely,
(1)Hyperinflation such as Weimar Republic 1921-1924, Argentina inflation and Zimbabwe inflation 2008.
(2) The collapse of the US Dollar that would make the 2008 ‘crisis’ look like a walk in the park.
The more likely scenario is several decades of sluggish economic activity and jumbled, confusing, manipulated reports released by the govt to give the average person an illusion and false sense of security that ‘things’ are in fact improving.
The biggest threat to this country (and possibly the world) that virtually nobody is talking about would be the collapse of the 401K system that people have been fooled into believing is a ‘safe’ vehicle for a secure retirement.
It’s a myth that has been perpetuated by an industry that makes a fortune managing these accounts of ‘pre tax’ dollars, whether the investor ever makes a decent return or not.
These are real dangers that most people (including experts) would tell you could never happen….just like the experts said that the housing market could never collapse.
It was only due to govt intervention AND irrational emotional people that kept the housing market from REALLY collapsing.
In an extreme situation, the govt is only capable of so much.
