Just a little nit to pick - what we have experienced so far is not severe inflation, but rather severe deflation [of asset prices].
In a deflationary environment, you do not want to be invested in fixed assets - you want to be invested in cold, hard cash.
Now that's not to say that Obama & Bernanke won't inflate the currency into the stratosphere, but, for the time being, inflation is not our immediate concern.
Rather, our immediate concern is their gun-grabbing and their creation of a brownshirt civilian defense corps.
And, beyond that, the general breakdown in law and order which will ensue as the USA starts to look less and less like the country we grew up in, and more and more like South Africa or Zimbabwe.
I agree about the brownshirts, etc.!
Maybe you could provide some information about a financial issue I’ve been puzzling over. I put my retirement money into a Treasury money market account years ago when I started reading up on finance and came upon some very bearish writers who made a lot of sense. (Web sites for Comstock Partners, The Daily Reckoning, Financial Sense, etc.)
Now they are saying that Treasuries are a bad bet for the long term, given our huge overspending. However, not being an expert investor I’m not about to trade currencies or other such exotic things. Will T-bills be okay in a very inflationary environment, or are they “like running into a burning house,” as one writer described it. I suppose no one knows the future, though. At least short-term Treasuries would provide higher yields as interest rates climbed.
Please don’t feel obligated to respond if you don’t feel comfortable giving specific financial advice. I will just keep reading my web sites until I figure out what to do.