I'm sure that the 50th time in the last 20 years I've heard we will have hyper i...

wombatpm · on Feb 25, 2021

As I say to all the goldbugs, unless you have the gold in your physical possession, owning gold is meaningless.

And if you have it, the government has already shown it is willing and capable enough to confiscate it.

The only way to make money is to be willing to sell when things look like they are going down the drain.

And if things are ever that far gone, we are back to a barter economy.

imtringued · on Feb 25, 2021

What makes you think that there will be a food shortage? The USA produces enough food to feed itself. It would take a war to destroy the food supply.

Hyperinflation isn't something a central bank is causing. It's a response to an underlying event. It happens precisely when the government has no choice but to print money.

Right now the US government has zero obligations that force it to produce more dollars. The stimulus packages are entirely voluntary and designed to help the economy and therefore reduce the need for future stimulus.