depends on the nature of your savings....cash is trash but hard assets that will be necessary will not fully appreciate in nominal terms, but will hold purchasing power over time.
You're right, but this is should be vs as is. Our situation is somewhat like Atlas Shrugged....if we withdraw our capital it becomes harder on the fraudulent "money" managers. If we decrease the velocity of "money", we limit the rationale for fractional banking.
I get it and we have some land mortgage free, but what else? Should we put our money in the mattress? Don't know. Don't want to be ripped off. INFLATION is the biggest RIP OFF of ordinary Americans, esp. retirees and anyone who has SAVED! I remember when we used to get INTEREST on our savings! No more!
Inflation depletes the value of our savings! We save for our future, they turn the value of our savings, from our labor, into dust.
depends on the nature of your savings....cash is trash but hard assets that will be necessary will not fully appreciate in nominal terms, but will hold purchasing power over time.
yeah but our savings in deposits should not be rendered worthless either
You're right, but this is should be vs as is. Our situation is somewhat like Atlas Shrugged....if we withdraw our capital it becomes harder on the fraudulent "money" managers. If we decrease the velocity of "money", we limit the rationale for fractional banking.
I get it and we have some land mortgage free, but what else? Should we put our money in the mattress? Don't know. Don't want to be ripped off. INFLATION is the biggest RIP OFF of ordinary Americans, esp. retirees and anyone who has SAVED! I remember when we used to get INTEREST on our savings! No more!