Michigan - Saginaw County | Own as much dirt free and clear as you can right now and soon borrow money to buy more dirt...
On the side own some gold and silver coins, a few rifles and lots of ammunition - all good trading material..
The reason? Governments are going to subsidize their debt with the printing press ...
Hard dollars you borrow today will be repaid with soft dollars tomorrow...
You need to own some base amount of land and machinery free and clear to allow you to weather any financial crises..
Then to take advantage of the dollar inflation from the printing presses you use borrowed money to buy soil that will pay off the loan with grain...
On a typical 30 year mortgage dollar inflation is your friend... A $100,000 mortgage taken out 30 years ago equals a $500,000 mortgage today...
Assuming the trend will remain roughly the same (actually the US dollar is heading for a large devaluation soon) a $500,000 mortgage taken out today will hold land worth $2,500,000 in 2042 dollars., yet be paid off at the $500,000 number.. |