Subject: Re: What is money? What is inflation?
I am very uneasy about this whole situation because it's bigger and badder than 2007.
@Wendy,
All the financials and the bond market are at risk. Your post is very complex to form a framework. My mind is elsewhere this afternoon with four other complex problems. Video game developments, my own financials, patent issues, and a larger success in work today.
The long and short of it, Credit Unions on the state level are the only safe bet outside of heavily regulated UK brokerages. PenFed would have too much government paper.
If it all crashes, we get deflation for two to ten years. The value of the USD won't be the problem. Keeping your USD will be.
The FED will be able to have the treasury print, but that will just keep us above deflation if the 1930s are any guide.
If we were to get hyperinflation, I am too old to push carts of bills around Berlin.