Gotta Love Debit Cards

The Fed is auctioning off more money and looking to lower the interest rate again.  This will of course devalue the dollar some more and cause inflation.  It will also cause investors to be real things like oil, gold, and silver.  This will drive those prices up and so oil, gas, plastic, food, and anything that is shipped will increase in cost.

The cool thing about debit cards is that you won't have to take a wheelbarrow full of money to the grocery to buy food for your family.  You can just take a little piece of plastic with you and empty your bank account electronically.

Handy.

Comments

[geoff]

I want to say you are being somewhat alarmist - But...

I was speaking to a family friend who manages large investments for people far richer than I.

I wondered, what are people investing in now? Foreclosed real estate? Surely not Gold? What about platinum, or are they just sinking it into the euro? Where did HE suggest I place my money, were I to want to squirrel it away?

He said, "ammunition".

Reminded me of that last scene in Terminator...

"He said a storm is coming, Senora."

[Success Warrior]

I've heard that advice. Ammunitiion will be good for barter and defense. When the dollar fails, people are going to be desperate.