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| quote: | Originally posted by R!CH
on the investment end yes, but you are still getting paid in and spending in dollars. there's no way around being a loser when the dollar inflates like this... well, unless you're in the tourism industry  |
I suppose I am speaking from a longer term investment standpoint. Because, yeah, you're getting paid in dollars -- and when this works itself out within a couple years or so, your portfolio won't know the difference.
As far as liquid money, well, I would hope that Americans prepare for hardships and short-comings, but of course that's wishful thinking.  I really can't have sympathy toward people who don't plan for obvious future situations. We may be the powerhouse of the world, but that doesn't mean we aren't prone to economic correction. Now give us our government handout. 
I am glad, however, that Bernanke and others seem to be on board in regard to reforming (babying consumers) our credit companies in order to prevent people from being so retarded. Too little, too late though?
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