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The Water Cooler
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Thought you've seen inflation? Just wait! Consumer Prices Soar 6.2%
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<blockquote data-quote="ForsakenConservative" data-source="post: 3670853" data-attributes="member: 47240"><p>This one is interesting. Based on supply issues and “inflation”, you’d think the markets would tank. There is no way, IMHO, that the current markets‘ value is justifiable. The ONLY thing that makes sense to me is the fact that there is NOWHERE ELSE to put your “savings” and preserve it’s value/purchase power, let alone see an increase. Bank savings rates are far below ”inflation”, so you loose money there. Real estate is so overpriced, only The Donald can do anything. Gold? I’m waiting for uncle joe to pull an FDR and mandate you “sell” it to the IRS (He did it with an Executive Order, ya know…). You can’t feed it to your family or protect yourself & family with it anyhow……</p><p>Get yourself debt free, stock up on foodstuffs that can store a long time. Buy useful things that will always be valuable and trade worthy. I’m close to cashing out an IRA (sucking up the fees) and paying the house off…..</p></blockquote><p></p>
[QUOTE="ForsakenConservative, post: 3670853, member: 47240"] This one is interesting. Based on supply issues and “inflation”, you’d think the markets would tank. There is no way, IMHO, that the current markets‘ value is justifiable. The ONLY thing that makes sense to me is the fact that there is NOWHERE ELSE to put your “savings” and preserve it’s value/purchase power, let alone see an increase. Bank savings rates are far below ”inflation”, so you loose money there. Real estate is so overpriced, only The Donald can do anything. Gold? I’m waiting for uncle joe to pull an FDR and mandate you “sell” it to the IRS (He did it with an Executive Order, ya know…). You can’t feed it to your family or protect yourself & family with it anyhow…… Get yourself debt free, stock up on foodstuffs that can store a long time. Buy useful things that will always be valuable and trade worthy. I’m close to cashing out an IRA (sucking up the fees) and paying the house off….. [/QUOTE]
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The Water Cooler
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Thought you've seen inflation? Just wait! Consumer Prices Soar 6.2%
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