They found out the hard way in Cyprus. They'll be finding this out the hard way in Greece soon. Can you guess who will be 'next' to find out the hard way?
This inventory-to-sales ratio chart from the much-beloved FED suggests the US.
- And of course, there will be a chorus of "we didn't see that coming...who coulda known?"
1. Savings can becme worthless.
2. Don't 'save' money that is going to devalue.
3. Have some 'things' before devaluation-liquidation hits...
when money dies it's too late to try and use it to purchase and 'own' anything.
BONUS: For those that have been paying attention, NIRP expands. HSBC has joined the ranks of banks that will charge fo holding deposits.
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