[quote=Sdcateacher]I agree. I see hyperinflation to the point it will destroy people’s savings. The best bet at this point is liquidate if you have the means and move to an area where you can buy a house cash and have very little overhead. I would also start learning how to trade E-mini future contracts and stop chasing stocks. I see the market moving into a sideways range bound low volume muted market reminiscent of 2014-1015. I have enough right now to move to an hour outside of Knoxville, or Charleston, etc have enough to pay a house cash and have a substantial amount left over to diversify. The taxes and cost of living in San Diego and SoCal will mirror what I saw happen in the suburbs of NYC where the average 2000sqft house is paying up to 3-5% a year in property taxes. It is absurd, but as the demographic of SoCal continues to change, population increasing and middle class people moving, I don’t see good things. Moving forward I liquidated most of my investments on 1/15/21 after a phenomenal 4 year return and over 800% in the past year. Why push it? After trading for 25 years, there is a time to take it off the table.[/quote]
ever consider because the US dollar is the global currency there can’t be hyperinflation (like what happened in post WW I Germany, or the hyperinflation in Zimbabwe)
actually what seems to be happening is the expected result of growing populations and increased demand (which increases prices), combined with sad fact that political leadership spends taxpayer money unwisely on stuff that does not create lasting value,…
basically the US dollar will one day no longer be the global reserve currency (perhaps this might much sooner than most people expect) and only when this happens is when hyperinflation can happen (i.e. the economist issue of “the Triffin Dilemma”)
