How To Save Thousands If You Want To Buy A Car

How To Save Thousands If You Want To Buy A Car

Moneywise  Sun, August 3, 2025

US car market bankrupting Americans — and it’ll only get worse.

The U.S. car market faces a perfect storm that is rapidly engulfing ordinary car owners across the country. The clearest warning sign is the rising rate of auto loan borrowers who are falling behind on their monthly payments.

As of January this year, 6.6% of subprime auto borrowers were at least 60 days past due on their loans, according to a report by Fitch Ratings.

This is the highest rate since Fitch started collecting this data in the early 1990s. And things are not expected to get better. The report says the subprime segment of the auto loan market faces a “deteriorating outlook” for the rest of 2025.

This is especially alarming given the scale of the auto loan market. As of the first quarter of 2025, households carried  $1.64 trillion in auto loan debt — surpassing both the $1.18 trillion in credit card debt and the $1.63 trillion in student loan debt, according to Debt.org.

Here’s how cars transformed from symbols of freedom to symbols of unsustainable, toxic debt.

How did we get here?

The foundation of today’s crisis was laid five years ago during the pandemic. Supply chain disruptions and factory closures created strange dynamics that pushed car prices higher.

In January 2022, 80% of new car buyers paid more than the manufacturer’s suggested retail price, or MSRP, according to Edmunds. Used car prices were rising faster than new car prices at the time, according to Cox Automotive.

In other words, car buyers paid too much for their cars.

Now, values have declined while many owners have seen a steady rise in interest rates. This shift has pushed many car owners underwater on their purchase.

In fact, one-in-five vehicle trade-ins near the end of last year had negative equity of $10,000 or more, according to Edmunds. The situation is grim, and the outlook is just as bleak.

What comes next?

While the auto market is dealing with rising interest rates and dropping prices, it’s now also facing the additional challenge of President Donald Trump’s trade war.

TO READ MORE:  https://finance.yahoo.com/news/us-car-market-bankrupting-americans-142900117.html

How Much Money Would Your Kid Have at Retirement If You Invested $5 a Month From Birth?

How Much Money Would Your Kid Have at Retirement If You Invested $5 a Month From Birth?

Peter Burns  Sun, August 3, 2025   GOBankingRates

It’s obvious that those who start saving early end up with a lot more for retirement. But, what if you started saving for your kid from the moment they were born? Putting a small amount away each month, even as little as $5, would amount to $60 saved per year. By the time they reach full retirement age of 67 (for most), you will have $4,020 saved up. This number isn’t very impressive on its own, but if you take advantage of compound interest, you’ll be looking at a much higher number.

Compound interest is when you earn interest on an investment and, over time, earn interest on the interest you’ve already earned. For example, if you invest $100 and earn 5% interest on it each year, you’ll earn $5 your first year. At the beginning of the second year, you’ll have $105. When you earn 5% on your new amount, you’ll make $5.25 and go into your third year with $110.25. As time goes on, the amount you earn from interest balloons even if you don’t add any more to the initial amount.

So, if you invested $5 for your kid each month, would they have thousands or millions by the time they retire? We used 67 as full retirement age since that’s what it currently will be for future retirees. Here’s what the numbers look like.

$5 per Month

For most people, it’s relatively easy to set aside $5 each month for savings. If you put down an initial $5 investment and then start putting that same amount each month into a fund that earns 7% and compounds monthly for your child, it would start to add up and look like this:

• Year 1: $67.32

• Year 5: $365.05

• Year 10: $875.47

• Year 20: $2,624.83

• Year 30: $6,140.44

• Year 40: $13,205.62

• Year 50: $27,404.26

• Year 60: $55,938.70

• Year 67: $91,719.74

With a compounding interest of 7% each month, you effectively add $87,694.74 of interest to the $4,025 that you actually set aside. Not bad for a $4,025 investment spread out over 67 years.

$15 Per Month

While having around $92,000 isn’t bad, it’s not enough for retirement. The median amount that retirees have saved by the time they’re in their 60s is $539,068. Let’s see what happens when the savings amount increases to $15 under the same conditions. Here’s how the math breaks down:

TO READ MORE: https://www.yahoo.com/finance/news/much-money-kid-retirement-invested-130205712.html

7 Valuable Lessons About Saving Money

7 Valuable Lessons About Saving Money

Sean Bryant GOBankingRates

Growing up with frugal parents, I was often the kid who was teased for having secondhand clothes, not going on vacations, and bringing generic-branded food to school. However, now that I am an adult, I am very thankful for the valuable lessons my parents taught me about saving.

It has shaped my views on money, spending, saving and finances in general. While many of my friends have struggled with debt or excessive consumerism, I have never had to face these issues.

Within this article, I’ll go through some of the valuable life lessons my frugal parents taught me about money.

Distinguishing Needs From Wants

Growing up with frugal parents taught me the valuable skill of distinguishing between my needs and wants. While my friends were often caught up in the latest trends and fads, my parents refused to buy every item I asked for. Instead, they emphasized the importance of prioritizing needs, like a new winter coat, over wants, like the newest toy.

This is something that I have carried through to my adulthood. Now, I try to focus on essential expenses and cut back on frivolous spending. This has helped me make informed financial decisions and avoid unnecessary debt.

How To Budget

I also learned how to budget and the importance of budgeting. I observed my parents tracking what they spent and saved as a child. They were careful not to spend more than they could afford.

If they had a goal, they saved towards it. This early exposure to budgeting taught me how to set my own clear financial goals and how to allocate resources according to those goals.

“Children in frugal households witness budgeting as a regular activity,” said Jake Claver, CEO of Syndicately. “This exposure naturally ingratiates the concept of budgeting in their daily lives.

It becomes less of a chore and more of an integral part of their financial routine. By learning to allocate resources and plan expenses from a young age, children are better equipped to manage their finances effectively as adults.”

Delayed Gratification

Delayed gratification is a lesson I was more reluctant to learn as a child but one I am now thankful for as an adult. When there was something that I wanted to buy, my parents encouraged me to wait and to think about the purchase and what it would mean in terms of longevity, monetary value, and the value I placed on the item. They then encouraged me to save my money and if I still wanted to purchase the item later, I could.

TO READ MORE: https://finance.yahoo.com/news/grew-frugal-parents-7-valuable-000019101.html

4 Simple Money Habits From Mark Cuban That Could Transform Your Life

4 Simple Money Habits From Mark Cuban That Could Transform Your Life

Peter Burns  Sat, July 26, 2025   GOBankingRates

For those trying to build wealth, Mark Cuban is a perfect example of how to get it done. From living in a shabby apartment with roommates to currently having a net worth of $6 billion, Cuban has made smart money moves that paid off big.

While some of the moves he made to get to where he is were complex, he used a lot of simple strategies as well. Here are four of Cuban’s most helpful money habits that can help you improve your finances.

Don’t Use Credit Cards

When asked about credit cards, Cuban has repeatedly said, “If you use your credit cards, you do not want to be rich.” It’s a valid point, as credit cards have left many in crippling debt. In 2024, the average consumer debt from credit cards was $6,730 per person. Adding a high interest rate to that amount each month can quickly derail any attempts you’re making to build wealth.

Cuban said the best way to invest is to pay off your credit cards and then cut them up. Currently, the average credit card interest rate is around 20%. As Cuban explained, if you pay off your credit card, you’ve just earned that amount of interest back instead of continuing to pay it.

Live Below Your Means

Even after Cuban had made millions, he was careful with his money. When he was just coming into his wealth, he read a book called “How to Retire by the Age of 35,” which told him to live like a student and save as much as he could. He then called his broker and told him to invest his money as if he were a 60-year-old, despite his young age. Cuban said he was worried that he would lose that money and wanted to live off of it for a long time.

Living below your means involves spending less than you earn. This will keep you out of debt and let you put more money toward your savings and investments. You can live below your means through careful planning and intentional spending.

TO READ MORE:  https://www.yahoo.com/lifestyle/articles/4-simple-money-habits-mark-121814224.html

3 Key Signs You’re Losing Money By Saving Too Much

3 Key Signs You’re Losing Money By Saving Too Much

Andrew Lisa  Sat, July 26, 2025  GOBankingRates

Saving money is essential, but saving too much in a traditional savings account could be quietly costing you. If you’ve already maxed out your 401(k) contributions, built a robust emergency fund that exceeds the recommended three to six months of living expenses, and still have cash piling up, it might be time to rethink your strategy.

While it’s great to be financially cautious, over-saving can mean missing out on better returns and long-term growth. Not sure if you’re overdoing it? Here are three key signs that your savings account might be too full — and what you can do to make your money work harder for you.

Your Emergency Savings Is Overstuffed

Building an emergency fund is a smart financial move, but there is such a thing as saving too much. The general rule of thumb is to set aside three to six months’ worth of living expenses. But once you’ve hit that target, continuing to stuff your emergency fund can be a waste.

“Having excess cash beyond an emergency fund can mean missing out on potential returns from investing,” said Fluent in Finance founder, Andrew Lokenauth. “The opportunity cost of playing it too safe with savings can be substantial over decades.”

So, how much is enough? It depends on your lifestyle and income stability. According to Christopher Stroup, a certified financial planner (CFP) with Abacus Wealth Partners, dual income households can typically aim for three months of expenses. On the other hand, single-income earners or those with variable income should aim for six months for added financial security.

Once you have a solid emergency cushion in place, you should consider putting your excess money towards other investments.

You’ve Maxed Out Your Retirement Accounts

If you consistently have money left over after maxing out your IRA, 401(k) and other tax-advantaged retirement accounts each year, it may be time to put that money elsewhere. Saving for the future and your retirement is crucial, but you could be losing purchasing power to inflation over time as your cash earns little interest.

As accredited financial counselor and founder of Retire Certain, Camille Gaines explained, even the most high-yield savings accounts lose value to inflation over time. Instead, try putting that extra money somewhere it can do more for you, like in a money market account.

“Safe money market accounts that do not fluctuate in value can be seen as a good alternative to keeping money in a savings account that pays little interest and has a negative real return after inflation,” said Gaines. “More than two months’ worth of living expenses in a savings account is too much given the ability to earn around 5% from easily accessible money market accounts.”

Money market accounts — not to be confused with money market funds — deliver yields that are typically higher than standard deposit accounts with some checking account features like bill pay and limited monthly check writing. By redirecting your surplus cash into more productive accounts, you can earn more on your money over time.

Your Savings Are Growing, But So Is Your Debt

TO READ MORE:  https://www.yahoo.com/finance/news/5-key-signs-keeping-too-140047713.html

What Every Millionaire Can Learn From Jimmy Buffett’s Mistake

$275M Inheritance Fight: What Every Millionaire Can Learn From Jimmy Buffett’s Mistake

Angela Mae  Tue, July 22, 2025   GOBankingRates

Renowned singer-songwriter Jimmy Buffett died in September 2023, leaving behind a $275 million estate. The bulk of Buffett’s assets went into a marital trust with his widow, Jane Slagsvol, as the main beneficiary. Slagsvol is a co-trustee, along with Buffett’s long-time business manager, Richard Mozenter.

Unfortunately, there’s been a massive legal dispute between Mozenter and Slagsvol over that trust. Specifically, Slagsvol is petitioning to remove Mozenter as co-trustee for three primary reasons.

The first is that he’s failed to generate enough income with the trust’s investments. The second is that he hasn’t kept her abreast of the trust’s various investments, expenses and income. And the third is that, according to her, Mozenter has been “openly hostile” and appears to be working against her best interests.

According to Slagsvol, the trust is estimated to receive less than a 1% return rate — not enough to cover her annual expenses. Along with this, Mozenter received $1.7 million in trustee fees in 2024.

In response to all this, Mozenter also seeks to remove Slagsvol as co-trustee.

If you’re a millionaire, you could learn a few things from the way Jimmy Buffett handled his estate so you don’t make the same mistake.

Choose Your Trustees Carefully

When you have a massive estate, it’s crucial that you choose your trustee — or trustees — carefully. It’s not always enough to pick someone you’ve known for a long time or who you’re married to.

“Choose your trustee like you’d choose a CEO; someone trustworthy, financially literate and emotionally neutral. If you don’t have that person within the family, appoint a professional or corporate trustee,” said Craig Parker, assistant general counsel at Trust & Will and a California state bar-certified specialist in estate planning, trust and probate Law.

With larger, complex estates, having co-trustees can be a good strategy. But you’ll want to make sure they trust one another and work well together. If all else fails, you could name a trust protector who will step in if either trustee can no longer perform their role.

Be Extremely Clear With Your Estate Plan

The importance of being clear with how you want your assets managed and doled out can’t be understated. While Buffett might have believed choosing his wife and business manager as co-trustees was enough, anything that’s left unclear can lead to major legal battles down the road.

“Clear, detailed estate planning is essential. That means establishing a comprehensive trust, updating it regularly and communicating intentions openly with beneficiaries,” said Parker. “Clarity reduces conflict; vagueness invites it.”

TO READ MORE:  https://www.yahoo.com/finance/news/275m-inheritance-fight-every-millionaire-160124796.html

7 Frugal Money Habits That Could Destroy Your Finances

7 Frugal Money Habits That Could Destroy Your Finances

Cynthia Measom   Wed, October 16, 2024  GOBankingRates

If you find yourself constantly looking for ways to save every single penny, you might be overlooking the bigger picture. Frugality, while an admirable trait, can lead you to make choices that might seem smart in the short term but actually cost more in the long term regarding finances, time and quality of life.

 “Letting the concept of frugality take over life so you are neglecting the bigger picture for small savings can backfire,” said Allison Sanka, accredited financial counselor, financial coach and principal and founder of Journey Financial Wellness. “That immediate dopamine hit of saving a few cents that makes you feel like you’re making progress towards your financial goal — like paying off debt or saving — can actually cost more if you do the math.”

Here are seven frugal habits that aren’t actually good for your finances.

Driving Miles to Different Stores To Get Good Deals

Sanka said that while the savings you might gain by driving from store to store to save a few dollars on sale items versus shopping once a week at one store might seem like a good idea, it’s not. Instead, she said any savings will likely be wiped out when you figure in the cost of your time, gas and wear-and-tear on your vehicle.

Driving To Another Town To Save on Gas

Sanka also said that driving to the next town to save 10 cents a gallon on gas could be more costly than the savings. For example, if your car holds 15 gallons, and you need 14 gallons to fill it up, you’ll save $1.40. Arguably, that could add up to over $140 over the course of the year if you fill up a couple of times a week, but you also have to think about whether that savings is worth your time, gas expenditure to get there and back and the wear-and-tear on your car.

Totally Depriving Yourself of Something You Enjoy

“You will not get rich by not ever buying a $4 coffee and depriving yourself of something you enjoy from time to time,” Sanka said. “Again, it’s about balance; instead of coffee out every day, try buying coffee as a treat on Monday mornings to get you going for the workweek. Then you can look forward to it as a treat.”

Buying Stuff Only Because of the Low Price

Sanka said that focusing on the low cost of an item instead of the need is a mistake that’s not good for your finances. “I see people in the frugal community buying things simply because they’re 75% off or they have a coupon for it (sometimes a marketing tactic to get you to spend) even if it’s not a need,” she said. “If you spent $5 on something you don’t really need, you spent $5 too much.”

Buying Items in Bulk When You Don’t Really Need Them

TO READ MORE:  https://www.yahoo.com/finance/news/7-frugal-habits-aren-t-110109306.html

7 Key Signs You’re Wealthier Than You Think

7 Key Signs You’re Wealthier Than You Think

Caitlyn Moorhead  Tue, April 29, 2025 GOBankingRates

Controversial but consummately successful podcaster Joe Rogan once said he felt like he’d “made it” financially when he had enough money to eat at a restaurant at night without feeling guilty and stressed about what it cost the following day.

Rogan’s net worth is now estimated at $200 million, which is all the money in the world — unless you’re Elon Musk. That makes Rogan’s $200 million fortune he made bloviating opinions less than 0.05% of Musk’s $391 billion fortune he made buying cars and rocket ships.

The point is that how you feel about wealth is subjective and can come from many sources. In a country where more than half of all six-figure earners reportedly live paycheck to paycheck, how do you know if you’re rich, or at least richer than you think? Here are eight key signs you may be wealthier than most Americans.

You Make More Than the Median Earner

Your salary, of course, plays a significant role in your ability to accumulate wealth and has a lot to do with how you measure up to the masses.

“The median household income in the U.S. is around $75,000,” said Joel Ohman, certified financial planner and CEO of Clearsurance. “So, if you make more than that, your income is higher than half the people in the country.

“Of course, how far $75,000 takes you will depend on where you live. For example, you have a lot more buying power with $75,000 a year in Glendive, Montana, than you would in Orange County, California.”

Since the cost of living varies so dramatically from one place to the next, area median income (AMI) is a more accurate yardstick to measure your comparative wealth.

HUD Loans by commercial property financing firm Janover offers a state-by-state AMI breakdown with metro, non-metro and total AMI variants. Fannie Mae has a map-based AMI lookup tool that allows for much more granular and local detail.

You’ve Met the Standard Saving Milestones

Even the most impressive income is no indication of wealth if you spend more of it than you make, which so many high earners seem to do. The more accurate barometer, then, is how much you have in the bank.

“If you’re making higher than an average salary and have saved four times your annual income, and you’re in your 20s, you’re doing very well,” said Ohman.

Ohman’s benchmark is exceptionally high. The standard guideline is to have the equivalent of your annual salary saved by age 30, three times your salary by 40, six times by 50, eight times by 60 and 10 times by 67.

Several studies have shown that more than half the country is behind on those milestones, so even being on par with your decade’s goal lands you a spot among the more affluent half.

You’re Not Drowning in Outstanding Financial Obligations

TO READ MORE:  https://finance.yahoo.com/news/signs-wealthier-think-152349259.html

4 Surprising Things That Could Impact Your Wallet If a Recession Hits

4 Surprising Things That Could Impact Your Wallet If a Recession Hits

June 14, 2025  by  J. Arky  GOBankingRates

The stock market took one of the worst nosedives at the beginning of April as President Trump’s tariffs and plans to reshape the global economy seemed to only drive fear into the market, sending investors fleeing. Now everyone wants to know: is a recession on the way?

It could very well be, with trade wars ramping up and inflation about to reach record levels. However, that doesn’t mean that they are the only factors driving a potential recession. In fact, a few other economic mechanisms are at play that could affect you and your family’s money.

Lower Gas Bills

If you have been feeling the strain of filling up your car’s tank, there might be a bit of a reprieve on the way if a recession does come: gas prices could fall. In fact, prices at the pump usually go down in a recession as lower demand can lower the supply and the cost, according to Marcus Sturdivant Sr., advisor, managing member and chief compliance officer at The ABC Squared². 

“This recession would be on the heels of tariffs and the U.S. publicly endorsing ‘drill baby drill’ as a strategy,” Sturdivant explained. “Flooding the market with gas during an economic slowdown, all things being equal, will make the prices at the pump lower, but the escalating tariffs, trade war and an environment where oil makes money at $70 per barrel versus the $100 per barrel of the past.”

Sturdivant pointed out that even with tariffs, with increased production, there is already a record domestic output, meaning that the price for fuel should come down.

Less Alarming Market News

The stock market can decline during a recession, but that does not necessarily indicate a cause for alarm in the opinion of William Bergmark, personal finance expert and finance editor at Credwise.

TO READ MORE:  https://www.gobankingrates.com/money/economy/surprising-things-that-could-impact-your-wallet-if-a-hyperlink_type=manual

Fidelity Says This Is a Surprising Risk of Holding Too Much Cash — Do You Have Too Much?

Fidelity Says This Is a Surprising Risk of Holding Too Much Cash — Do You Have Too Much?

March 13, 2025  by  Gabriel Vito

Cash feels like the safest bet to most people. It’s steady, predictable and always there when you need it. But according to Fidelity’s research, holding too much cash could quietly erode your wealth rather than protect it.

With interest rates falling and inflation still creeping up, the value of cash is shrinking. While having some cash on hand is necessary for emergencies, Fidelity’s long-term data shows that cash has historically been the worst-performing asset class, significantly lagging behind stocks and bonds even during volatile market conditions.

As Melanie Musson, a finance expert with InsuranceProviders.com, explained: “Cash has value but definitely does not increase in value, and it almost certainly will decrease in value.”

Investment Alternatives to Holding Too Much Cash

Stocks: The Growth Machine

Fidelity’s data makes one thing clear: Stocks have historically outperformed cash, even during volatile markets. Their analysis shows that a $5,000 annual investment in stocks from 1980 to 2023 (even at market peaks) would have grown exponentially, while the same investment in cash would have resulted in a fraction of that return.

The long-term trend is even more striking. According to data from Ibbotson Associates, large capitalization stocks (think S&P 500) returned 10.4% annually from 1926 to 2024, compared to 5.0% for long-term government bonds and just 3.3% for T-bills.

Robert R. Johnson, professor of finance at Creighton University, puts that into perspective: “One dollar invested in the S&P 500 at the start of 1926 would have grown to $18,212 (with all dividends reinvested) at the end of 2024. That same dollar invested in T-bills would have grown to $24.”

The difference isn’t just significant — it’s the difference between building wealth and barely keeping up.

TO READ MORE:  https://www.gobankingrates.com/investing/strategy/fidelity-surprising-risk-of-holding-too-much-cash-do-you-have-too-much/?hyperlink_type=manual

How A Crypto Billionaire’s Crazy Plan Could Save Social Security [Podcast]

How A Crypto Billionaire’s Crazy Plan Could Save Social Security [Podcast]

Notes From the Field By James Hickman (Simon Black)  July 17, 2025

Bitcoin today is trading at around $120,000. If you’re willing to pay double the price, i.e. $240,000, please contact me immediately. I’ll happily sell you some of mine.

Why would anyone do that? I don’t know. But that’s exactly what investors are doing when they buy shares in “Strategy,” formerly known as MicroStrategy.

The company currently holds about 580,000 Bitcoin, worth roughly $69 billion. But the market values the company at more than $124 billion. In other words, investors are paying nearly double just for the privilege of owning Bitcoin through a corporate intermediary.

Crazy, right? Yet Strategy’s Executive Chairman and co-founder Michael Saylor has managed to convince legions of investors to do just that— pay 2x the Bitcoin price.

He does so by presenting a bunch of made-up metrics to investors— terms like “Bitcoin Yield”, “Bitcoin Multiple”, “BTC $ Income”, and my personal favorite, “Bitcoin Torque”.

One of Saylor’s most clever ideas was to borrow money from investors to buy Bitcoin; the company issued billions of dollars of corporate bonds (which are supposed to be a ‘safe’ and stable asset), then used all the money to buy Bitcoin— an extremely volatile risk asset.

And this is why I think Michael Saylor should be the next Treasury Secretary— or at least be tapped to save Social Security.

I’m only half joking. Because Saylor’s idea to borrow money to buy Bitcoin might be one of the only ways to save Social Security without a serious tax hike or other financial pain.

Let me explain—

The Social Security system was built on a simple formula: workers and businesses pay taxes into the system, and those taxes fund the retirement checks to beneficiaries.

For decades, Social Security ran a surplus—more payroll tax revenue coming in than benefits going out. And that surplus was parked in a giant trust fund.

Unfortunately, though, Social Security’s trust fund was only allowed to invest in one thing: US government bonds.

The result? Pitiful returns averaging a measly 2%.

Now Social Security is running a deficit— the monthly benefits are exceeding payroll tax revenue. So the program’s administrators make up the difference by dipping into the trust fund.

The Social Security Administration officially estimates the fund will be fully depleted by 2033. And when that day comes, benefits will be automatically slashed by about 25%.

Cutting Social Security benefits would be political suicide. So the most likely solution is a major increase to the payroll tax.

But there may be another way.

What if the government were to borrow a bunch of money to start a Sovereign Wealth Fund... And that fund could invest in a diversified, real-world portfolio run by America’s many talented investment managers. Real estate. Commodities. Equities. Precious metals. Crypto. The kinds of assets that can actually grow.

This is exactly what Michael Saylor did. He borrowed heavily from the bond market to buy risk assets. Maybe the US government should do the same.

If the fund could manage, say, 9% annual returns over the past few decades— they could easily pay 6% to bond holders and pocket the extra 3%. Mathematically it works— such a return would reverse Social Security’s looming insolvency if the fund were of sufficient size.

There’s obviously risk in the plan, which is why I’m half-joking. But Social Security is in dire enough shape that all options ought to be considered.

Coincidentally, Congress is discussing setting up a Sovereign Wealth Fund this week... Though I’m not holding my breath on this, let alone any meaningful reform on Social Security.

Peter and I both believe that the inevitable outcome here is that the Federal Reserve will step in to print money and bail out both Social Security AND the Treasury Department.

In fact the White House is already identifying potential candidates to replace Fed chairman Jerome Powell when his term expires next year, as well as other members of the Fed’s board.

It’s pretty clear they want people at the Fed who will cut rates, print money, and bow to the President. So there’s a very good chance that, next year, the Fed will become much more subservient to the White House.

Such a Fed would not hesitate to engage in ‘quantitative easing’ (i.e. ‘money printing’) to the tune of trillions of dollars in order to save Social Security, or to finance massive US government deficits. 

The end result will almost certainly be a major bout of inflation— probably similar to 1970s style stagflation.

It’s why we continue to assert that real assets are very sensible investments because they tend to perform so well during inflationary times.

You can hear my complete thoughts on this wild idea in today’s short video, which you can watch here.

For the audio-only version, check out our online post here.
Finally, you can find the podcast transcript for your convenience, here.

To your freedom,  James Hickman   Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/how-a-crypto-billionaires-crazy-plan-could-save-social-security-153184/?inf_contact_key=0f2a3e818718e268287453d654c835d48dcae2ba3297e07f93219ba341147496