Financial Strategies under Biden Administration?

submitted by RoccoTheTaco from (self.finance)

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[–]bjam27 5 insightful - 2 fun5 insightful - 1 fun6 insightful - 2 fun -  (2 children)

Watch out because all this stimulus is likely to lead to inflation, we're already seeing signs.

Dems also love inflation because it fixes inequality by making everyone poor.

Owning Real Assets are good when there's inflation but if it goes like Venezuela then we're probably all better off stockpiling food.

[–][deleted] 4 insightful - 3 fun4 insightful - 2 fun5 insightful - 3 fun -  (1 child)

Actually, inflation has been rampant for many years already but the Treasury department has been cooking the books on inflation. There is inflation, but the official numbers don't reflect it.

This inflation is manifest in the price of gold, silver, bitcoin, ethereum as well as the levels of the stock market. It doesn't rise because the economic outlook is great. IT IS NOT. It rises as a hedge against inflation. Weird, but true.

[–]bjam27 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

True. I should have said hyperinflation.