There's certainly nothing wrong with being prepared.
However, the idea that our institutions crumple but your hard currency coins are safe is naive at best. In such a scenario, if the metal has any value, either the government will confiscate it or your neighbour with the gun will take it.
>The government is injecting a massively gigantic amount of cash into the economy
What is "massive"? Right now they are talking about $2 trillion, which is about 10% of GDP. Spending 10% of 1 year of income on "maintenance" isn't scary to me.
> What is "massive"? Right now they are talking about $2 trillion, which is about 10% of GDP. Spending 10% of 1 year of income on "maintenance" isn't scary to me.
The Quantitative Easing program from 2008-2014 (6 years duration) injected about $4T into the economy. Today, a similar amount is being injected in just 1 month, albeit by purchasing different assets.
You will obviously be a very rich person by allocating your portfolio to take advantage of this massive inflation. Just like all of the people who called for massive inflation starting in 2009..
You have to ask where those 10% are taken from so we can spend them on maintenance. The smartest move would be to immediately slash military budget in half if not more.
But it will likely be taken from education, infrastructure or healthcare/social services.
The dollar is the worlds reserve currency. American printing presses have more life in them than other countries.
Look at the countries that have opposed that since the beginning of the millennium: Libya and Iraq saw, ahem, “kinetic interventions”, and Iran and Venezuela are still being crushed by sanctions for daring to price their oil in Euros and/or RMB.
Take 2008, for instance. The Fed injected $4 trillion. Why? Because $4 Trillion evaporated in the crash. The result was that we didn't have a deflationary meltdown, but it didn't result in inflation.
Most loans are against tangible, reposseable assets, or against future income streams. A bank that just handed out loans without commensurate interest rates to avoid the risk of default would quickly go out of business.
There's certainly nothing wrong with being prepared.
However, the idea that our institutions crumple but your hard currency coins are safe is naive at best. In such a scenario, if the metal has any value, either the government will confiscate it or your neighbour with the gun will take it.
>The government is injecting a massively gigantic amount of cash into the economy
What is "massive"? Right now they are talking about $2 trillion, which is about 10% of GDP. Spending 10% of 1 year of income on "maintenance" isn't scary to me.