Best Inflation Resistant Assets To Buy Before It Gets Worse
Given the economic forecast, what are the best things to buy before inflation (or hyperinflation)?
I just read an article this morning, warning of a big jump in inflation.
Last week, when discussing the latest earnings call commentary, Bank of America said “Buckle up! Inflation is here”, and showed a chart of the number of mentions of “inflation” during earnings calls which exploded, more than tripling YoY per company so far, the and the biggest jump in history since BofA started keeping records in 2004.
Inflation is Here
Many of us know full well that inflation is already here, and has been here.
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Although it is being hidden as best they can, most everyone is awake to the fact that prices are going up, and way up.
Inflation is pretty much a built-in part of our current economic system. Every dollar that comes into existence is borrowed – eventually leading up to the ‘Federal Reserve’ – a private entity which collects interest on ALL U.S. dollars.
Since more dollars are always coming into the system (the present system would actually collapse without this) there is a sort of built-in inflation. For various and sometimes complicated reasons, some periods of our history (and no doubt our future) involve even higher inflation (than ‘normal’).
Inflation Erodes Purchasing Power Of The Dollar
The effects of inflation include a more rapid erosion of the dollar’s value, or purchasing power, while the resulting prices of things go higher and higher.
The Federal Reserve tries to control inflation (the devaluation of the dollar) in context with the economics of the times. One might say that they are actually manipulating it. Which they are.
Because there is SO MUCH debt now (everywhere), ‘they’ have to keep interest rates (the price of borrowing money) and inflation under especially tight control or else the whole thing goes bankrupt (debt defaults?).
