Both weakening of the dollar and inflation steal your money, by design, to help big spender Governments repay their massive debts, undertaken for frivolous spending, like for wars [private wars], tax cuts for the wealthy, etc., etc., all of which the Citizenry disapproves of, by all accounts. This plan has been used in the past, helping to repay massive debts for pennies on the dollar; in the end it is the frugal, saving taxpayer's money that gets hit hard.
Disclaimer: This writer is not affiliated nor registered with any political party; as a commentator he does not allow himself political bias.
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One might hold other assets than $US. The system itself can also go down, which is more than just a counterparty-risk. Getting completely out of debt is a good investment.
ReplyDeleteInteresting times...
Some advocate holding physical gold, which does hold value well, but do you want to try to spend that in Mad Max world?
How about BIC lighters and boxes of .22 ammo?
Bags of rice & beans?