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RE: Looking buffer

in LeoFinance5 years ago

The thing with the rich is, they spend cash on generative assets - and who they buy it from spend that cash on consumables.

I think there is going to be a severe human cost, AND a severe monetary cost to the entire nation.

It is going to be global. The human cost is going to be immense.

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If there is hyper inflation just 'holding spot' might seriously be considered 'generative'. I'm sure at least some would see it that way some would see precious metals rather than crypto as the answer.

In my particular case I'm hoping for devaluation not inflation. Much of my income is fixed. In hyper inflation I'd be left sucking wind.