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To: WKUHilltopper

Anything but cash at this point.
Cash will not have any value when hyperinflation hits.


6 posted on 04/21/2010 7:25:35 AM PDT by MrB (The difference between a humanist and a Satanist is that the latter knows who he's working for.)
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To: MrB
That's my fear. If they have to inflate the debt away by devaluing the dollar by 50%, my $500k 401k that I piled up for 30 years is halved in the few years of a Marxist administration at the end. Also Roth's always bugged me, because it's like the government encouraging you to give them more money now on the promise you won't have to pay them later. I don't trust any promises from these clowns anymore.
15 posted on 04/21/2010 7:35:12 AM PDT by throwback ( The object of opening the mind, as of opening the mouth, is to shut it again on something solid)
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To: MrB

Well, if you can hang on to your cash savings when the HI comes, though the value of your holdings will be next to nil for a while, when it’s over won’t you be holding cash that’s worth far more than it was when you put it in? Isn’t it like those folks who bought houses before the last HI and were then able to sell them for a fortune 20 years later? I’m holding on and waiting and seeing. I cashed out some of my 401K when the market was in the 13s, and I’m glad I did, but getting bumped into a different tax bracket due to the income, and the 10% penalty bite got me in dutch with Uncle Revenue for a couple of years.


29 posted on 04/21/2010 7:48:15 AM PDT by ichabod1 (Can around 25-30% moonbat base really steal the country from us and hold it?)
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