You're right, I shouldn't have said 'everything'. Just the purchasing power of the dollar. It's clif's prediction, and it's here (podcast).
I only brought it up, that if 10% of this prediction happens, some of those boomers that lose some purchasing power in their T-bonds might come work for my insurance buddy.
Oh, thanks for explaining. And yeah, they probably would be, poor things. It must suck to work your whole life, put a little aside for retirement, then have to come out of retirement and back to work because of the decisions being made by some idiots in D.C.
What do you mean, everything goes down 80% in May? Is this some sort of prediction that everything will lose 80% of it's current value?
You're right, I shouldn't have said 'everything'. Just the purchasing power of the dollar. It's clif's prediction, and it's here (podcast).
I only brought it up, that if 10% of this prediction happens, some of those boomers that lose some purchasing power in their T-bonds might come work for my insurance buddy.
Oh, thanks for explaining. And yeah, they probably would be, poor things. It must suck to work your whole life, put a little aside for retirement, then have to come out of retirement and back to work because of the decisions being made by some idiots in D.C.