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[Hide] (228.7KB, 1118x634) Reverse >>333201
You don't even have to be wealthy. Basically if you have any amount of extra cash (anything beyond a 6-12 month emergency fund) just sitting around in a bank account, you're gonna get raped. The bond market is also going to get fucked. The housing market is overvalued, and the stock market even moreso.
>>333282
1971 is when the US left the gold standard, and it was already a shitty standard to begin with, in that it required the world to trust them to actually have enough gold to back the USD. Well it turns out they didn't! And the french suspected this, so they requested to redeem their gold, and not long after that is when the US stopped pretending.
That's the entire problem: you can't fucking trust bankers. The money has to actually be real capital made of silver or gold that's IN YOUR POSESSION, or else you have counter-party risk.