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<p>[QUOTE="Revi, post: 1661717, member: 42843"]I am afraid that I agree. I would like to see the world as a wonderful place and that inflation would gently lift our boats while we all get checks, but the reality is that the whole financial crisis is going to continue. Fiat money is a problem, since it was invented when there was a little more energy every year, and the amount of paper that represented the economy could go up commensurate with the amount of extra energy we found every year. The world was comfy with 3% growth for a long time, but now that's over and they are still printing. You would think it was going to be inflationary, but it will in the end be deflationary as the money gets hoovered up by the big people leaving us little people fighting for what's left. I used to think PM's were the answer, but I'm not so sure any more. We are going to have a rough time from now on. I have even considered cashing everything in and living off the proceeds. I am going to wait 5 years and I hope it all hangs on that long. Juan is predicting that pensions will go south around 2017, and I have to make it to 2018. I hope he's wrong, but I think he may be right.[/QUOTE]</p><p><br /></p>
[QUOTE="Revi, post: 1661717, member: 42843"]I am afraid that I agree. I would like to see the world as a wonderful place and that inflation would gently lift our boats while we all get checks, but the reality is that the whole financial crisis is going to continue. Fiat money is a problem, since it was invented when there was a little more energy every year, and the amount of paper that represented the economy could go up commensurate with the amount of extra energy we found every year. The world was comfy with 3% growth for a long time, but now that's over and they are still printing. You would think it was going to be inflationary, but it will in the end be deflationary as the money gets hoovered up by the big people leaving us little people fighting for what's left. I used to think PM's were the answer, but I'm not so sure any more. We are going to have a rough time from now on. I have even considered cashing everything in and living off the proceeds. I am going to wait 5 years and I hope it all hangs on that long. Juan is predicting that pensions will go south around 2017, and I have to make it to 2018. I hope he's wrong, but I think he may be right.[/QUOTE]
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