My 60 year Boomer Bank account currently pays 0.15% APY on balances of $10,000 or more. Even if I switched to American Express at 1.7% I come up short.
The annual inflation rate for the United States is 2.1% for the 12 months ended November 2019, compared to 1.8% previously, according to U.S. Labor Department data published December 11, 2019.
The Individual Sovereignty Solution
In 1980 Gold was $594.90 ; 1981 $400; the Dow Jones around 3,000; bank interest rate in 1970 7% after Nixon closed the Gold window August 1971 bank savings account interest rate jumped to 12% in 1980.
Doug Casey the ACE of Spades: The Card of AMBITION now 73 and living in Estancia de Cafayate in Salta Province, Argentina.[3 goes by the moniker “International Man” and continues to practice what he preached on the 1981 Phil Donahue Show. Here he talks about the financial path to Individual Sovereignty.
After four years of living here, I like Antalya, Turkey