We are cooked. USSR in 1989 and US in 2021 are too similar.We are in the midst of shifting from a Republic to a Democracy. Individual rights will give way to the rights of larger groups, whether those are citizens groups, lobby groups, political groups with the most power, etc...as individual freedoms and rights erode. Our financial stability is also at risk. I know I've been the SETs "perma-bear", but I don't see how we get out of 2021 without major market corrections and a LONGTIME bearish economy with major losses followed by decades of no growth.
I think it's difficult to recognize major change when you're in the middle of it. The human brain likes to smooth things out and normalize erratic patterns for the sake of consistency and continuity, but things are...off.
If you think about current events and the economy in relation to the boiling frog theory...it sure does seem like the water is nearly unbearable.
Silver hit the bottom at $24.50 last week and now seems to be on its way to the moon. We'll see.
Soviets seized private savings accounts in 1991, IIRC. Did not give them back till 2008ish. Why would it be any different in US?
Pay off debt now or lock in fixed rates. Get ready to barter, grow food. Practice now, while you can afford to lose crops.
We are investing IMPOTUS bucks into our property.