Inflation Is Here Today. Five Ways To Protect Your Wealth
davidveksler.substack.com
Are you sitting on cash because it is “safe?” It isn’t. Your USD savings are losing 7 to 15% in value every year. That isn’t “safe.” It’s stupid. The official rate is 6.8%, but that excludes real estate and investments, which are up over 20% YTD. The M2 money supply is up 40% since the end of 2019. The government has already conceded that inflation isn’t transitory, but the puny measures it has planned in 2022 aren’t going to fix things.
Inflation Is Here Today. Five Ways To Protect Your Wealth
…
Inflation Is Here Today. Five Ways To Protect Your Wealth
Are you sitting on cash because it is “safe?” It isn’t. Your USD savings are losing 7 to 15% in value every year. That isn’t “safe.” It’s stupid. The official rate is 6.8%, but that excludes real estate and investments, which are up over 20% YTD. The M2 money supply is up 40% since the end of 2019. The government has already conceded that inflation isn’t transitory, but the puny measures it has planned in 2022 aren’t going to fix things.