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Our economy is pretty much in a shambles. The U6 and U7 unemployment rate shows unemployment at about 11 or 12 percent. We have a combination of increasing inflation in things like food, but we have deflation in most other sectors of our economy. The problem is the velocity of money has stagnated. People take whatever stimulus they receive and pay down debt, put it in a savings account, or pay off their back rent or whatever. This is why the Feds helicopter money and it is having less and less real impact on the economy.

I'm inclined to invest in tangible assets and that does not include gold or silver to any appreciable extent. I try to avoid liabilities, which I think is anything that is nice to have, but doesn't really help if things continue to unravel. For example, I like antiques, but to me, they are like jewelry, nice to have and look at, but really won't help much in a clutch situation.

What is remarkable to me is how very, very quickly things have unraveled already. Personally, I wonder if this unraveling begins to compound and then slide into exponetiality.