My brother is one of those people who are convinced the government is evil, we’re on the edge of a financial apocalypse, and that the world as we know it is probably going to come to an end soon. While he may end up being right, who can actually predict what’s going to happen in the future? Were there many people who predicted the Great Recession of 2009?
One of the latest videos he forwarded to me carried the following message: buy whatever you want to now while the dollar is still worth something, because in a few months it’s going to take a lot more dollars to buy whatever object you’re interested in. It does make sense; if the dollar’s value declines horribly in a few months, then we’ll probably all be kicking ourselves that we didn’t buy that flat screen tv or that new laptop.
I totally understand this theory, and part of me wants to run out and buy that flat screen tv so I am ahead of the game, so to speak. At this moment though, I’m going to be relaxed about this, save my money, and see what happens. I’m not going to go out and spend a bunch of money just because. It’s just not me.
What do you think- do you think my brother has a good theory here?