3 ms·

Just find things the government can’t print more of, are desirable to a broad portion of the population, and are resistant to rapid increases in supply in respo

Just find things the government can’t print more of, are desirable to a broad portion of the population, and are resistant to rapid increases in supply in response to demand. Gold, silver, bitcoin, land in desirable places. I also have the normal index funds and certain hand-picked stocks. One issue with stocks is companies can offer more of them in response to demand, unlike land or bitcoin. We are in a period of rapid inflation but mainstream economists and the government pretend we aren’t. It has been going on for decades but the official inflation rate is supposedly sub-2% while healthcare, education, daycare, high-quality food, housing, and all manner of highly-desirable-yet-cannot-be-easily-created assets have gone way up in price and are unreachable to even the middle class let alone the poor. Yet many applaud the “heroic” actions of the central banks and government when all they are doing is printing ever more money and patting themselves on the back. We as individuals need to act in our own best interests to avoid this disaster because no one is going to help us.

vbtemp 6y ago
> We are in a period of rapid inflation but mainstream economists and the government pretend we aren’t. It has been going on for decades but the official inflation rate is supposedly sub-2% while healthcare, education, daycare, high-quality food, housing, and all manner of highly-desirable-yet-cannot-be-easily-created assets have gone way up in price and are unreachable to even the middle class let alone the poor. Can't agree more. Cheap, imported crap remains cheap and crappy, and everyone pretends that because TVs and egg mcmuffins remain affordable to the common man, therefore inflation is under control. Meanwhile asset prices, healthcare, housing, education (i.e., all the real, actual things important for someone's life that take up the bulk of their income) balloon in price.
- powvans 6y ago
  I agree with you and would add that cheap imported crap seems to be getting cheaper and crappier. It's pretty astounding just how cheap and crappy things can get and still be salable products.

vbtemp 6y ago

> We are in a period of rapid inflation but mainstream economists and the government pretend we aren’t. It has been going on for decades but the official inflation rate is supposedly sub-2% while healthcare, education, daycare, high-quality food, housing, and all manner of highly-desirable-yet-cannot-be-easily-created assets have gone way up in price and are unreachable to even the middle class let alone the poor. Can't agree more. Cheap, imported crap remains cheap and crappy, and everyone pretends that because TVs and egg mcmuffins remain affordable to the common man, therefore inflation is under control. Meanwhile asset prices, healthcare, housing, education (i.e., all the real, actual things important for someone's life that take up the bulk of their income) balloon in price.

powvans 6y ago
I agree with you and would add that cheap imported crap seems to be getting cheaper and crappier. It's pretty astounding just how cheap and crappy things can get and still be salable products.