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So, how can we make this information work for us? If Stagflation happens in the US, those who survive and can profit from booming economies elsewhere will mop
by motoko 19y ago
So, how can we make this information work for us?
If Stagflation happens in the US, those who survive and can profit from booming economies elsewhere will mop up the panicked, desperate, and undervalued here.
Here are my hypothesizes:
1) borrow American dollars that you don't need and spend them immediately on building something of value. For example: start a company, hire employees, write software, etc. As the dollar devalues, so does the value of your debt.
2) Build sales and business overseas. Make your business a pump for foreign currency back into the US. Pay for this business with debt described in 1. Use your power and stability to mop up the panicked, desperate, and undervalued here. Think Google during the Tech Bust.
3) Have the power and position to reap the rewards of the next economic upswing.