Hyperinflation is coming...
- Thread starter B00Mer
- Start date
Dick Morris to Newsmax TV: Hyperinflation Coming in 2021
Dick Morris to Newsmax TV: Hyperinflation Coming in 2021
Former presidential adviser Dick Morris predicted hyperinflation later in 2021, explaining on Newsmax TV prices will explode due to previous federal stimulus packages, pent up demand created by restrictions placed on consumers and producers and the Biden administration's...
The MMT (Modern Monetary Theory) cool-aid drinkers like Biden and Trudeau would disagree with this blasphemous assessment. Unlimited money printing is not only possible, it's preferable!! And as Trudeau has already proven, this reckless practice is easy to sell to a clueless, self-entitled population who want all the goodies now, and are willing to support any leader who promises the most stuff.Dick Morris to Newsmax TV: Hyperinflation Coming in 2021
Dick Morris to Newsmax TV: Hyperinflation Coming in 2021
Former presidential adviser Dick Morris predicted hyperinflation later in 2021, explaining on Newsmax TV prices will explode due to previous federal stimulus packages, pent up demand created by restrictions placed on consumers and producers and the Biden administration's...www.newsmax.com
My take? Let's just say it seems foolish to keep much money in the bank these days. Paper money will be extinct within the next 5 years, replaced with a binary chain on some server. This will give the government complete control not only of how you spend your money, but of money velocity which is the key to controlling hyperinflation. The stock market is okay for now if one is careful, but it's getting riskier as the market gets closer to the edge and becomes completely and totally disconnected with the real economy. I personally like shiny things, gold and silver is nice.
The Govt wants everything the Greatest Gen, baby boomers and Gen X have amassed in savings and property. We are being robbed of our future and we'll have nothing to leave for our children.
You need to sell your house and buy silver for a metallic hedge to work.
Yes... more silver.. today I bought 3500 shares of HighTide and more Silver from https://silvergoldbull.ca/
.... and don't forget a few guns.. you may need to defend your home.
Meh....real estate is no doubt set up to take a big hit, but I think "normal" markets like where you and I live will weather it alright. Markets like Vancouver or TO however...I would have sold already.
RCM 10 oz bars are nice and stack great, but hard to find right now. Everything is getting hard to find.
Buy sterling. Cutlery, tea sets, platters, jewellery etc. There isn't a shortage of "scrap'.
I don't disagree. All I'm saying is that if you're not all in and over your head in real estate, you may take some loss but it won't be devastated. All markets go up and down (including real estate), hedging in precious metals is prudent IMO. Stocks is still not a bod option as well if you play it safe.
Having recently retired, I worry about the savings we have & the pensions we receive - This is the first time I've found someone who actually is worried about where our economy & money is heading for as the hyperinflation is inevitable. With Trudeau believing that the "budget will balance itself", it's pretty damn scary, especially since the U.S. is going down the same road. When the U.S. dollar collapses, what do you think it going to happen to the Cdn dollar?
If no one has the cash when you need to liquidate your silver it's wortless.
Silver will never be worthless. That's what makes it unique, it's a precious metal, but it's also an industrial metal...and one that is steadily increasing in demand.