As someone who's lived through significant inflation in his lifetime, American's are ill prepared. In my experience, the government will do everything possible to hide the fact that inflation is even happening. "Official measures" of inflation won't begin to capture the problem until the damage is already done. People buying debt at these absurdly low interest rates have, quite frankly, lost their minds.
There's not many options to protect yourself either. Stocks? Maybe, but a lot of companies will go bankrupt. Gold? Maybe - but if you're investing in paper gold it likely won't be there when you need it...if you're attempting to hold physical it can be easily stolen.
Preparing for this the second time in my life, I'm opting for Bitcoin and real estate (with nice fixed-rate mortgage debt to purchase). Fingers crossed...
There's not many options to protect yourself either. Stocks? Maybe, but a lot of companies will go bankrupt. Gold? Maybe - but if you're investing in paper gold it likely won't be there when you need it...if you're attempting to hold physical it can be easily stolen.
Preparing for this the second time in my life, I'm opting for Bitcoin and real estate (with nice fixed-rate mortgage debt to purchase). Fingers crossed...