Worst Inflation in US History Is About to Get Much Worse!

submitted by fschmidt from youtu.be

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[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

What is the direct practical effect going to be on my lifestyle in particular (and by proxy, family, since I still live with parents and sister)?

[–]fschmidt[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Everyone will get poorer. But the main practical implication is to not hold cash or bonds. Savings should be invested in something that is safe from inflation like stocks or real estate.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Hmm mmm. (I agree)