Technically, inflation benefits people whose assets are mostly or entirely capital, not liquid. Which is most billionaires and corporations.
Buy whatever capital you can, and soon. Because your dollars are going to be worthless as soon as hyperinflation hits. My personal recommendation: property. I don't care if it's a one room shack. Buy it. Live in it. You'll be happy you did when every renter in the nation is dead on the street.
Alternate route: precious metals. You can always trade them for other things. Just don't buy giant bars. Single ounce silver coins are great because they're worth about 30 bucks each. In a post-hyperinflation society, it's going to become the de facto currency.
Nah, it's mostly printed at this point.
which is just a flat tax that has most people fooled. our money has less value, so yes in fact it is directly stealing our wealth.
Inflation only benefits those at the top, saving people “money” while drastically reducing its value is redundant.
Inflation benefits those who get the new money first before the market reacts. It's called the Cantillion effect.
Technically, inflation benefits people whose assets are mostly or entirely capital, not liquid. Which is most billionaires and corporations.
Buy whatever capital you can, and soon. Because your dollars are going to be worthless as soon as hyperinflation hits. My personal recommendation: property. I don't care if it's a one room shack. Buy it. Live in it. You'll be happy you did when every renter in the nation is dead on the street.
Alternate route: precious metals. You can always trade them for other things. Just don't buy giant bars. Single ounce silver coins are great because they're worth about 30 bucks each. In a post-hyperinflation society, it's going to become the de facto currency.
Inflation is effectively just a tax on all liquid assets.
And any non-liquid assets that depreciate >50% before replacement. I.E most assets beside the house of the low-average income working man.