Bernanke is betting against the dollar, while purposefully devaluing the dollar.
Do you still have a meaningful amount of cash in checking or savings accounts? - No
Do you rely on electronic payment systems (credit cards, bill pay etc.) for most of your transactions? - Of course - its cheaper
Are you still comfortable with your employer paying you in legal tender — or, if you own a business, with your customers paying in same? - There is no other legal tender - not even a real question
Does the percentage of your net worth tied up in physical hard assets, i.e. metal bars you can drop on your foot, count as less than 50%? - no. its close to 90+% when you count real and large private assets
"So you can see why a 'managed inflation' is the most likely outcome at least in the US. The mechanism has been in place and performing this function for the last 100 years."
I lived through hyperinflation in Argentina in the early ‘90’s. It ain’t pretty. We are not prepared for that here.
BTTT for later review
****It is then, when the monetary authorities wet their pants in the face of a new deflationary panic, . *****
Nope: It is then that “The Exempt Ones”:
1. Move on all retirements (”National Affordable Retirement Relief Act”)...
2. Combined with accelerated massive Vampire-Care fee/tax schemes.
Is it too late to buy silver? Its at $43+/oz. now.