I don't pretend to know whether we will be hit with hyperinflation or deflation.The United States is lost and broken.
I've spent my entire adult life being extremely responsible financially. Never had debt. Always lived bellow my means. I've learned to live with what I need and hardly ever with luxuries.
In May I moved from a blue state to a "free" state. Found a job that pays very well, found an apartment. All while we were told relentlessly to stay home.
The time to wait is over. I've lost all faith in the system. I knew it would erode but not this fast. I'll leave a couple thousand in my bank account but every other dime is going towards assets and tangible goods.
We should have a private forum again where we can talk about this without the eyes of the public on us. Not because anything is illegal, but because we can help each other make it through this without informing a bunch of mouth breathing lurkers.
If inflation is coming you could buy assets on credit and pay them off with inflated dollars. Buy a house for $300,000 then pay off that mortgage quick as your paycheck starts coming in at $50,000 per week.
If deflation is coming you would want to sell everything you can now to stockpile cash and buy things later when the prices collapse and cash is scarce. The Great Depression was deflation. Everything was cheap but nobody had any money.
I think the safest way to go forward is to invest in tangible assets (if you can't hold it in your hand, you don't own it) while looking bankrupt on paper. That way should we navigate through this mess you won't have worked for nothing by missing out on future government cheese. You may have $400,000 in gold coins hidden away but on paper you live check to check. Now you qualify for that monthly government check that will be the national retirement system when the Millennials reach retirement age.