U.S. Is Bankrupt and We Don't Even Know

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Originally Posted by ElNono

Hoarding cash won't do you any good if the dollar gets devalued in a hyper-inflationary crisis. It's definitely a good idea to be debt-free, but you should diversify that cash into some dollar-proof assets. Gold maybe? Swiss Francs?

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There is the small possibility of deflation first, but this is a quibble.

Oops. i see now you just mentioned it...

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Originally Posted by Winehole23

There is the small possibility of deflation first, but this is a quibble.

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Maybe quibble but for the time being it means lower energy, food and entertainment prices...something I think we can all live with...

Gee, what's the downside?

Seriously, if you have a secure job, what's to complain about?

A secure job. In a phase of economic contraction. Ok. Best o luck to ye!

There are tons.....school teachers, administrators, police officers, EMTs, health specialists, engineers, doctors, nurses...

Disagree strongly. In principle everyone is replaceable.

Any entity would be cutting its own throat by getting rid of its top performers....Oh, sure, everyone is replaceable, but at what cost to the company? This is why education is important kids, make yourself irreplaceable!

Economic contraction puts a lot of technically qualified and indispensable people to the curb. Just saying.

...but...those people are among the first to get rehired...especially if they are willing to relocate..