Nothing like that; we have seen this all before, it is called the Seventies. Later part of Nixon, then Ford & Carter administrations. Similar things will happen – a decade or more of stagflation. However, I don’t see how the Seventies will turn into the Eighties (even if there is a new Reagan) since we will be hit hard with the retirement of boomers for the next two decades. My prediction: Two Lost Decades.
we’re going to back our currency and bonds with US real estate?
Yes; when $ depreciates, you will see foreigners lapping up IBM, Intel, Microsoft, GE, Boeing etc., Lot of high quality real estate in NYC, Silicon valley, Seattle, Chicago etc., too. Walmart, Target, Costco, many Pharmaceutical companies, consumer products like Proctor, Johnson are all still valuable in a stagnant economy.
we’re going to back our currency and bonds with US real estate?
Yes; when $ depreciates, you will see foreigners lapping up IBM, Intel, Microsoft, GE, Boeing etc., Lot of high quality real estate in NYC, Silicon valley, Seattle, Chicago etc., too. Walmart, Target, Costco, many Pharmaceutical companies, consumer products like Proctor, Johnson are all still valuable in a stagnant economy.
we’re going to back our currency and bonds with US real estate?
Yes; when $ depreciates, you will see foreigners lapping up IBM, Intel, Microsoft, GE, Boeing etc., Lot of high quality real estate in NYC, Silicon valley, Seattle, Chicago etc., too. Walmart, Target, Costco, many Pharmaceutical companies, consumer products like Proctor, Johnson are all still valuable in a stagnant economy.
we’re going to back our currency and bonds with US real estate?
Yes; when $ depreciates, you will see foreigners lapping up IBM, Intel, Microsoft, GE, Boeing etc., Lot of high quality real estate in NYC, Silicon valley, Seattle, Chicago etc., too. Walmart, Target, Costco, many Pharmaceutical companies, consumer products like Proctor, Johnson are all still valuable in a stagnant economy.
we’re going to back our currency and bonds with US real estate?
Yes; when $ depreciates, you will see foreigners lapping up IBM, Intel, Microsoft, GE, Boeing etc., Lot of high quality real estate in NYC, Silicon valley, Seattle, Chicago etc., too. Walmart, Target, Costco, many Pharmaceutical companies, consumer products like Proctor, Johnson are all still valuable in a stagnant economy.
Do you think there will be a lot of people retiring now that their retirement $$$ is wiped out?
May not be in the sense of driving cross country in RVs displaying “I am spending my children’s inheritance”, but surely they will be a huge burden on social security & medicare. And, they won’t be paying much taxes. Net result – trillion $ deficits as far as the eye can see.
Do you think there will be a lot of people retiring now that their retirement $$$ is wiped out?
May not be in the sense of driving cross country in RVs displaying “I am spending my children’s inheritance”, but surely they will be a huge burden on social security & medicare. And, they won’t be paying much taxes. Net result – trillion $ deficits as far as the eye can see.
Do you think there will be a lot of people retiring now that their retirement $$$ is wiped out?
May not be in the sense of driving cross country in RVs displaying “I am spending my children’s inheritance”, but surely they will be a huge burden on social security & medicare. And, they won’t be paying much taxes. Net result – trillion $ deficits as far as the eye can see.
Do you think there will be a lot of people retiring now that their retirement $$$ is wiped out?
May not be in the sense of driving cross country in RVs displaying “I am spending my children’s inheritance”, but surely they will be a huge burden on social security & medicare. And, they won’t be paying much taxes. Net result – trillion $ deficits as far as the eye can see.
