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Worried about this. I hear that a loaf of bread will be 20 dollars and I see it happening. Is there anything I can do to prepare for this? Such as investing in
by riotney 5y ago
Worried about this. I hear that a loaf of bread will be 20 dollars and I see it happening. Is there anything I can do to prepare for this? Such as investing in more stocks, index funds,etc? I feel like my income isn't matching the rate of inflation.
- ceilingcorner 5y agoPersonally I am trying to be more self-sufficient. Growing food, cooking common items from scratch (like bread), learning how to repair things, etc. And so I put money into items that are both durable and help further this goal of self-sufficiency. A safety razor and a 1,000 pack of blades is a recent purchase. Properly maintained, it will last forever, which will come in handy when Schick razors are $25 each. I’m not sure how that scales up to $50k or $100k but it’s a starting point. This subreddit is a good place to get ideas: https://www.reddit.com/r/BuyItForLife/ https://www.reddit.com/r/BuyItForLife/
- imtringued 5y agoI honestly don't understand what is hard to comprehend about this. No food -> famine -> hyperinflation of food prices as sellers take every dollar you have. The question is, how is that scenario supposed to happen and even if it did, why not just invest into farms? Is the government going to repossess all the land off the "white colonialists" and give it to native americans? If yes then the country didn't fall because of hyperinflation, hyperinflation was the symptom like every other country where the problems happened first and then the symptoms came.