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ResNullis: I do think current times are a little different from the past, because I'm not sure there's been a time in modern history where virtually every country in the world has been so far in debt and had such huge unfunded future liabilities. on the other hand, if I had to have my money somewhere, I would choose America over everywhere else, so I still sleep reasonably well even if the rest of the world is coming apart at the seams. Good luck to us all, and may god save us from politician of all sorts in DC and at the state and local levels.

Good post. My portfolio and my musings are similar to yours, except I don't like bond funds, even Vanguard's. Also, I have opted for a wide offshore exposure. Our portfolio is mostly American Funds, so offshore-ing can be automatic. Besides which, our major US companies are all heavily involved in overseas investments, so you have off-shore exposure whether you know it or not.

I calculate we have seen inflation rates of ~5% a year since 1974, when I finished my PhD. This rate seems to be increasing.

We have more than DC pols to fret about. The world is increasingly interdependent, so that a pipsqueak nation like Greece can have serious impacts in the rest of the world. Also, our economy has largely been off-shored in any case.

We may be doomed. Like the 1930's doomed. The Great Depression was world-wide, not just the US.

Have a nice day!

Count Upp
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