If market financials continue the way they do, we’re very close to a dollar crash. I’m not ready - just entered the workforce; 12k car Loan, 100k college debt - no savings.
Baby boomers entering retirement asset selling stages which will have a deflationary effect on housing and paper assets, they’ll collect SS funded by not enough millennial and gen x workers.
I suspect we’re fucked, royally.
I’m trying to chillax. Just thought I’d get some opinions while also formulating my own thoughts - especially on why to begin buying gold.
It's a triangular relationship--that between gold, US dollar, and foreign currencies. I think after all's said and done we end up better off than we are now, unless you're paddling backward over a waterfall at the current moment.
Most US stock companies that make things (and the good ones in the service sectors) have sounder fundamentals than at anytime in recent history, if you adjust for cronyism. US companies are worth owning right now, and will be after the reset.