4 ms·

Won't happen, the risk is 0. Because the Fed's creeping mandate and upcoming elections. The both parties want to buy votes. If you like your fiat money, you ca

by Proven 6y ago

Won't happen, the risk is 0. Because the Fed's creeping mandate and upcoming elections. The both parties want to buy votes. If you like your fiat money, you can keep your fiat money (and your Big Government). By the time this is over savers will be completely destroyed.

pengaru 6y ago
> By the time this is over savers will be completely destroyed. As a saver who owns his home outright, this statement cracks me up. My outlook on this situation is that I can weather the storm for years with zero income and stay in food and shelter throughout without government aid. The folks with little savings and high rent or expensive mortgages are who I'm concerned about. They seem far more likely to be "destroyed" in the coming months/years. Us savers can either sit pretty and watch the chaos, buy the dip and profit handsomely from the recovery, or go shopping for cheap homes.
- danhak 6y ago
  The parent seems to be implying that fed policy will continue to drive down the value of the dollar. In this scenario savers get crushed as inflation whittles away the value of cash while asset prices climb. And the “folks with little savings and expensive mortgages” that you allude to actually come out on top.
  - pengaru 6y ago
    > the “folks with little savings and expensive mortgages” that you allude to actually come out on top. What good is an expensive mortgage when you can't pay it, lose your home, and now have bad credit preventing you from capitalizing on all the new opportunities created by all the foreclosures and vacant rentals? The savers have options. At any given moment a saver can decide to buy a pile of stock, or go get a mortgage. Why would we sit idly by while inflation gets so bad it no longer makes sense to hold cash? It doesn't happen overnight, there will be plenty of interesting opportunities in the mean time available to those with good credit and/or a pile of cash.

by Proven 6y ago

pengaru 6y ago

> By the time this is over savers will be completely destroyed. As a saver who owns his home outright, this statement cracks me up. My outlook on this situation is that I can weather the storm for years with zero income and stay in food and shelter throughout without government aid. The folks with little savings and high rent or expensive mortgages are who I'm concerned about. They seem far more likely to be "destroyed" in the coming months/years. Us savers can either sit pretty and watch the chaos, buy the dip and profit handsomely from the recovery, or go shopping for cheap homes.

danhak 6y ago
The parent seems to be implying that fed policy will continue to drive down the value of the dollar. In this scenario savers get crushed as inflation whittles away the value of cash while asset prices climb. And the “folks with little savings and expensive mortgages” that you allude to actually come out on top.
- pengaru 6y ago
  > the “folks with little savings and expensive mortgages” that you allude to actually come out on top. What good is an expensive mortgage when you can't pay it, lose your home, and now have bad credit preventing you from capitalizing on all the new opportunities created by all the foreclosures and vacant rentals? The savers have options. At any given moment a saver can decide to buy a pile of stock, or go get a mortgage. Why would we sit idly by while inflation gets so bad it no longer makes sense to hold cash? It doesn't happen overnight, there will be plenty of interesting opportunities in the mean time available to those with good credit and/or a pile of cash.