[quote=Eugene][quote=CA renter]
Yes, you might think that 10X assets would let you retire, but when the Fed is destroying your purchasing power they way they are today, you’ll see how tenuous that feeling of security is. IMHO, this currency debasement is one of the most frightening aspects of our economy today.[/quote]
It would be, if it were real. But it isn’t.[/quote]
You don’t think the currency debasement is real?
Believe me, I’m a long-time deflationist who fully understands that the strongest undercurrent in our economy is deflation, but the Fed is doing everything in its power to fight against it (which I think will end up causing more damage, and prolong the malaise).
Still, you can’t deny that your cash can buy less today (think: stocks, bonds, commodities, other currencies, even housing) than it could ~two years ago.
