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  • U.S. Is Playing Financial Dominoes [View article]
    "But will the [Federal government] be able to honor all the promises that they have made? Given that they control the printing press, the answer is yes in nominal terms, but no if in inflation-adjusted terms."

    An astute point.

    Sure, you will get your Social Security payment. If you're lucky you can buy a cup of coffee with it.

    wdhalgren is right. Borrow what you can afford to pay back. Don't lend. Avoid hanging on to cash for very long. Buy tangible things that will last, productive ones if possible.

    For the long term: 'stuff' will maintain its value better than money. Act accordingly.
    Nov 10 12:39 pm |Rating: +2 0
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