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RE: It's Your Fault If You Don’t Become A Millionaire In 10 Years?! And The Latest Cryptocurrency Heist | Morning Coffee With Jane Ep. 4
Based on the possibility of hyperinflation in the next 10 years, it might be very difficult not to become a millionaire. Just saying....
@dickcheezle
That is the sad truth for some people in some countries, they became millionaires, but in the wrong way... I wonder what one should "HODL" to survive a possible financial/general apocalypse, a small self-sustainable homestead maybe, with a nice zombie-proof fence?
I don't usually listen to clif high, but during his interview with Omar Bham he likened the post WWI German hyperinflation to what may occur in the US because of the govt's policy of nearly free money. He also likened the roaring twenties (a time of high debt accumulation coupled with fast economic growth) to what America has been experiencing since the subprime mortgage crisis. Without a major debt bubble bursting, the only way to sustain the economy not facing a major correction is to keep feeding the machine more free money. Jim Rogers (co-creator of the quantum fund with George Soros) has been doing lots of interviews talking about the unsustainable debt loads that are driving the real estate and stock markets. The debt is worse than it was back in '08-'09.
Without a major correction in the next 10 years, our currency's inflation will have to keep up with the economy's general debt and rise in cost of living, which makes the idea of being a millionaire in the next 10 years conceivable - minus the financially wealthy/secure aspect it may be likened to now
@dickheezle, thank you for all of your great information this was surely a great read. I completely agree with you!