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Paper towels never lose value and pretty pegged to inflation. But seriously, look at the past 20 years and your takeaway should be that USD is indestructible a
by tootie 6y ago
Paper towels never lose value and pretty pegged to inflation.
But seriously, look at the past 20 years and your takeaway should be that USD is indestructible and that the Fed can do no wrong. They ran the printing press day and night for years and struggled to hit 2% inflation. "Full Faith and Credit of the US Government" is evidently the best inflation hedge in the world.
- sneak 6y agohttps://en.wikipedia.org/wiki/End-of-history_illusion https://en.wikipedia.org/wiki/End-of-history_illusion
- tootie 6y ago> In the long run, we're all dead If you want to know where to stash your money in 2021, you look at history for lessons. USD will be completely worthless one day just like the sun will eventually burn off the surface of the Earth. I'm thinking back to financial crisis days when there were endless cries of runaway inflation being around the corner and that the Fed couldn't handle a crisis of this magnitude. And I think that looking back they handled it extremely well. They took a nuclear bomb to the chin and stayed standing.
- RC_ITR 6y agoI'd love to see someone try to sell yellowed 20-year old paper towels (with branding from 3 generations ago) after thinking they were hedging inflation.