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Unknownsailor 15 points ago +15 / -0

Since 2020 the Fed has printed ~33% of all dollars currently in existence.

Now look up how much money the Fed has printed since the 2008 financial crisis hit.

Money printing is not a new thing. The Fed has been printing for more than a decade.

I had a savings account in 2007 that paid 6% interest. Why 6%? Because the federal reserve prime rate was over 8%

Look where it went in 2008, and where it stayed for seven straight years.

redguards_are_nwahs 3 points ago +3 / -0

I have an emergency fund where I stick money in a savings account and I'm half tempted to turn it all to physical platinum/gold. Fuck having liquidity if that money is as good as toilet paper

ThatYellowBastard 4 points ago +4 / -0

Precious metals are good, but only if there's going to be a functional economy at the end. A hungry person might trade water for gold, but will definitely trade it for a can of soup. Just saying, diversify and cover your bases.

when_we_win_remember 2 points ago +2 / -0


ThatYellowBastard 1 point ago +1 / -0

My list:


Medical supplies, especially hard to produce ones like insulin


Precious metals

Shelf stable goods, alcohol for instance