Post #8891

So what should you do? At a minimum, diversify away from dollars. Obtain the things you will need in the foreseeable future.... A new tractor... solar system.... a green house... tangible things. Gold can't be used for small transactions but silver can.... and silver will not be cheaper than it is today. Groceries will not be cheaper than they are today. A tractor will cost more in the future.... and your wages will stay the same. Something that I fully expect is that some day, Saudi, Russia, and China will show up at the US treasury and cash in all those dollars we exported in the last 50 years. Why wouldn't they? We don't make a damn thing here, so no one really has need for dollars any longer. On the day that happens, the president will call for a banking holiday and close the banks until monday. You will find that the money in your checking, savings and 401k will have been converted to a new dollar system. There will be a period of deflation... Let's say they deicde to chop off two zeros off the price of everything... $100 becomes $1. You can bet your ass they won't adjust the payoff on your mortgage by chopping off two zeros. They'll say that contract was written before the deflation and you then won't be able to afford your house payment. Pay your house off today if you can. Better to borrow against your 401k and use that money to finish off your mortgage. I am no financial advisor but the time to stock up on things is NOW. Sure, talk it over with your better half. But realize the US dollar is a slowly sinking ship.