Posted 7/30/2020 13:56 (#8405113 - in reply to #8404882) Subject: RE: Currency war
northern edge of north central Missouri
PeteMN - 7/30/2020 12:04
Anyone worried that the Fed is printing way too much money would be pretty stupid to bury cash in the back yard. When inflation takes off that old cash in the cream can will start losing its purchasing power pretty fast. We're in a massive economic disruption caused by Covid 19, I don't know why anyone is surprised that the govt is scrambling to come up with some way to climb back out of it. Forget corn and beans, looks like the hot commodity now is tinfoil hats.
I’m not surprised by it. I disagree with it. I can’t change it. I (like always) am trying to position for the aftermath of it.
And what’s the difference between backyard buried cash and a savings account besides fdic.