to put this as simple as possible. Is the economy going to dump more and then eventually go back up, indicating a buying opportunity in stocks, real estate, etc. Or is all going to zero? Would I be safe if I invest in good companies or is it not worth it all,because the USDollar may go to zero? What are your thoughts? Should I take this as a buying opportunity or embrace the possibility of a complete financial collapse where my money is now toilet paper?
Im just a broke trade school student unsure about this whole shitty clown show, and dont want all of my money to go down the drain.
To go off topic a bit, Would trump even let that happen, because if you introduce a new financial system, what are you going to do if millions of hard working middle class Americans lose all their wealth from the old system?
OP, physical assets are your best hedge against inflation. You can buy physical gold and silver (some high-profile investors swear by silver). However, if you’re looking at real estate it all depends on where you’re looking to buy. Some markets are currently holding steady while some are getting hammered. Personally I believe all real estate will experience some type of correction or crash going into 2023 and early 2024. Anything beyond 2024 is too far out to call imo.
As for the dollar falling to zero, that’s highly unlikely. Even if the dollar did collapse, chances of it happening in our lifetime is low. Just look at other countries where leftist ideology has taken over. Even in Venezuela it’s taken decades to get where they are. And their currency is not the worlds reserve currency like the US dollar still is. Will that change? Who knows, but it certainly appears the ground work is being laid for such a happening (US dollar no longer the worlds reserve currency). Hope this helps.