Yes,to the degree possible.I have a retirement that there is nothing I can do but watch.A few CDs there is little I can do with,but for the most part yes.Have you yourself done this?
There is enough money in the bank for bills,but that is all.
Yes,to the degree possible.I have a retirement that there is nothing I can do but watch.A few CDs there is little I can do with,but for the most part yes.Have you yourself done this?
There's nothing here I really disagree with. The upside of hyperinflation is that it's the least painful of all the likely alternatives, if it's quick enough and severe to wipe out the personal and public debts that have accumulated, but short-lived enough to end before people start starving or freezing to death. We are in for a painful period of adjustment that is at least 50 years in the making. We're not getting out of it without pain.
I fully agree, and likewise follow an investment approach supposing that Keynesian thought will continue to dominate (namely to minimize balances consisting of federal reserve notes - i.e. no bonds or US treasuries). Nevertheless, Austrian ideas are still in general not well known (perhaps this forum excepted), and it would certainly benefit our citizens to be more familiar with them after given the ever increasing destructiveness that the Keynesian are causing. Thus, taking some time to engage a keynesian fallacy is IMHO time well spent, and if I were to learn from the exchange that I was in error, then the time spent was even more worthwhile.we live in a world full of Keynesian thinkers... .. I have to invest based on what I believe WILL happen, not what I believe SHOULD happen...
Ben Bernanke on 60 Minutes: Doesn't rule out QE3 - Dec. 3, 2010 (Friday)I'm not doubting you, but I need to know for sure and need some facts. My dad's a smart man, but I talked with him and he doesn't believe it's getting worse. He thinks things are turning around and I don't have the knowledge or facts to prove otherwise. He's got his entire retirement in the markets and thinks it's going to increase from here. I don't know what to tell him.
I'm not doubting you, but I need to know for sure and need some facts. My dad's a smart man, but I talked with him and he doesn't believe it's getting worse. He thinks things are turning around and I don't have the knowledge or facts to prove otherwise. He's got his entire retirement in the markets and thinks it's going to increase from here. I don't know what to tell him.
I'm not doubting you, but I need to know for sure and need some facts. My dad's a smart man, but I talked with him and he doesn't believe it's getting worse. He thinks things are turning around and I don't have the knowledge or facts to prove otherwise. He's got his entire retirement in the markets and thinks it's going to increase from here. I don't know what to tell him.
He's right... it is going to increase.
I don't believe the world's coming to an end...
Stocks have already gone back up significantly.
He's right... it is going to increase.
I don't believe the world's coming to an end...
Stocks have already gone back up significantly.
I do not think the world is going to end either.I do think we are going to have massive inflation.
Would that be just high rates of inflation or hyperinflation? Inquiring minds and all that.