Hyperinflation is enevitable when printing money is the only source of capitol. Congress is voting money into existance and printing IOU's. I suspect paying off your morgage or at least your car so you have someplace to sleep in out of the rain is better than a bank account.
I read a story of when Russia did this, one friday night you went to bed with enough "dollars" to buy a nice car, monday morning you woke up with enough "Ameros" to buy some cabbage for soup.
History is a hard to refute indicator.
You got a nagging car problem that you have not paid to get fixed? Roof leak? Fix it. Spent that dollar while people still think it has some value.
You got a nagging car problem that you have not paid to get fixed? Roof leak? Fix it. Spent that dollar while people still think it has some value.
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Fortunately we have a place to live with no mortgage and a car and a pickup truck with no debt. I tell my wife that if we were half smart we would take every dime we could borrow unsecured and buy silver coins, ammunition, whiskey, freeze dried food and gold and never pay a dime on the debt. We would lose our credit rating but soon it won’t matter anyway.
She says she couldn’t do that because it would be dishonest at which point I sneer and ask her how we could possibly be any less honest than our government. Maybe I will do it anyway, she will thank me later when the final turd hits the wind machine.