Mac,
You are old enough to have lived through the worst recession and inflation rates, since "The Great Depression".
The Carter years. 76' thru 80'.
When he left office inflation was 13.91%.
The prime lending rate was 15.25%-(meaning a standard home loan was around 17 to 20%)-
I read the entire article and I just had to laugh.
Fear mongering BS.
I was stupid enough to get married and work two jobs in 1978 and go to night school at a community college, to learn a new skill.
1979, we moved to the country and started our new life, from scratch.
In debt to our eyeballs. Only $200.00 left in the bank and 2 weeks before my next paycheck.
Inflation/deflation never had an effect on our direction to try and improve our life.
Long winded as my post has been, I really just have this to say.
Never, have I ever been influenced, in my working life, by the politicos.
No one "pushed" me to invest in "the market".
Due diligence, saving and investing is why, at the age of 58, I am debt free.
Personally I am astounded, by the present mindset, that the reason a person does not have the "good life" is because of the politicians and the evil rich people, while never considering-(acknowledging) that the decisions they made earlier in their life placed them in their position.
Graveyard of Empires?
The day anyone is born is the day they put their foot on the spade that digs their grave.