Wow. Post #33000.... quite by accident.
Take good note what the Federal Reserve (its creation is circled in the chart below) has done to our prices. Rest assured, the worst is yet to come.
As Doug Casey points out, ten trillion worthless dollars are presently floating abroad, held by other countries for no reason except the historic strength of the American economy. As their confidence in our economy erodes - and it could happen suddenly - those dollars will come flooding home, causing enormous inflation. Get ready for it. Sooner or later, it WILL occur.
As I enter retirement, I'm facing some of the largest expenses of my life. Some people have cautioned me to not retire too early - that I may run out of cash. I do think there's a chance of that, but I think it's because of the potential for hyperinflation - which will lead to EVERYONE running out of cash. If that happens, a job won't help.
The unconventional approach I'm taking isn't to grow my cash reservoir, but to move what wealth I've got into things that will preserve it despite monetary inflation. Land and farm infrastructure are excellent choices, imo. On average, land loses no value over time. Farm infrastructure (buildings, equipment, tools, animals, etc) will allow me have a positive return on the land regardless of what happens to the currency.
So that's what I'm doing. But what are you folks planning to do?
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