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In reply to the discussion: Consumer prices rose 3.5% from a year ago in March, more than expected [View all]I've invested in the future. I suspected inflation was here to stay.
I have TP, paper towels, shampoo, tooth paste, food for probably two years. Not a prepper, but you know, in two years when I need that chicken or TP or cat food it'll cost significantly more. I buy it in 2024 dollars and when it "appreciates" 7 percent in 2 years, I've effectively earned 7% interest on my "investment."
I was in HS in the mid-late '70s. In inflationary times, having stuff is far better than having cash.
Having fixed-interest debt is good and if the interest is less than annual inflation it's better to avoid paying down the debt and buy stuff.
Note that the old debt issued by Treasury is also declining in value. Those who bought it are screwed. But since a lot of Treasury bills are short-term, if the interest rate drops that screws the federal government.
Sorry, my HS-grad father and HS-drop out mother taught me a few things when I was in high school. (Now what they taught me is taught in high school ... Apparently their parents are less informed or engaged than my uber-educated parents.)
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