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.
According to the article that I posted earlier, stirring of deflation is already evident in some major economies; of course the Japanese have been dealing with it for about 2 decades - for making the same mistakes that we are making. While there are constant rumors of bank failures here in the states, that scenario has not manifested - yet.
You are faced with making a choice based on your best evaluation of the situation. Unhappily, our betters know what to expect and have prepared for it. We 'peasants' are mostly caught off guard and get the shaft. For my part - and I am not a professional finance type - I think the horse's mouth (to mix a metaphor) is close upon us.
I would avoid debt unless absolutely necessary. I would put a modest cache of cash aside (for a rainy day.) I would invest in hard assets: precious metals, tools, essential items for barter, those sorts of things. The Jimmy Carter crunch caught me completely off guard but this attack on our prosperity is likely to be a lot worse. Russia and China were not rising to global dominance then - and this rotten cabal of surrender monkeys in Washington right now were not aiding and abetting our enemies... depleting all our strengths, attacking the dollar and stealing our God given constitutional rights (with little partisan opposition.)
In short, I would advise avoiding debt unless it is a critical enterprise - but I might be wrong. Those driving the bus have outsmarted me before. 🤷