[aimhigh]

Today's inflation is much more dangerous than what we experienced in 1982. Back then, you could put your money in a savings account or CD and your money would retain most of its value. Back then, CDs paid 10% or more in interest. Today, there is no where to put your money that can keep up with inflation.

[SaxxonWoods]

“Today, there is nowhere to put your money that can keep up with inflation.”

Wrong.

I outran inflation in the 70’s-80s and I’m doing it now. Bank accounts don’t outrun or keep up with inflation and never will. They did come much closer back in the 80’s and a lot of S+Ls (thanks Neil Bush) went broke trying and the Resolution Trust Company (fed govt) ended up owning a lot of real estate. Banks are parking places for money while one figures out how to actually put it to work. I’m doing all that right now, just on a larger scale than when I started around 1980. Been through 3 major real estate crashes since then which were the best opportunities ever and led to an early retirement. Now I do it for entertainment, I already put my thirty years in.