There is a philosophy now I guess mostly among the young called doom spending. The idea is, if everything is going to crash anyway, go for it! Join the crowd.
Debt will become a widespread burden. You have to evaluate your own finances and determine your best course. I personally would avoid debt that I cannot pay off by some means. I have no debt - other than monthly charges on line, and I encouraged my son to get out of debt.
No matter what we choose, the thugs that drive the bus always find a way to crush the average guy. You will own nothing and be happy.
Doom spending for things that will be useful when the doom happens is a good thing.
I was thinking of buying a car a a tangible place to park assets. But id we are headed to deflation, I’ll wait. If we are headed to hyperinflation, I’d better get it done.
I was thinking of buying a car a a tangible place to park assets. But id we are headed to deflation, I’ll wait. If we are headed to hyperinflation, I’d better get it done.