As you may know, the United States has unprecedented high debt, which is only being serviced as a result of low interest rates and the printing of money (now called “quantitative easing.”).
That debt is approximately $15 Trillion. Each citizen’s share of this debt is $47K. The National Debt continues to increase at an average of $3.8 billion every day.
It cannot continue like this for long. Either we bite the bullet, and stop spending over our income, or we will be faced with massive inflation, which is not fun at all. So little fun in fact, that it causes some country’s citizens to overthrow their government.
Perhaps this is why the U.S. Government recently bought more than 1 billion hollow-point bullets.
How can you prepare for these times? As of now, I don’t know.