Good for Me

 

I have been giving a lot of thought to this presidential election, more than it really deserves.  I have convinced myself that this election represents a turning point for the USA, maybe the world, but that just might be an exaggeration because, no one really wants a nuclear war.

The USA is on the verge of perhaps the biggest change it has ever made since 1776 when it became a sovereign nation.  That is to say, it might be changing from a Democratic Republic to a Socialistic Democracy that depends on CAPITALISM to pay its bills.

But is that ALL BAD?

If you look at our economy, it is slow growing and on the verge of having problems as it tries to transition to green energy.  Initially, I thought that was bad because the rest of the world IS NOT REALLY GOING GREEN due to the expense of doing so...  

BUT...  a slow growing economy means that the banks and credit unions will be offering CDs with a higher-than-normal interest rate.  For those of us who have saved money, we can invest in those CDs and generate about $4,000-$5,000 each month on interest alone.

My wife and I could just about double our income without putting forth any additional effort or work...  and while others are struggling to get by, we would be in good shape financially.

Going green is not going to happen overnight and since there are so many people in the middle and lower classes in the USA, the odds are this transition might take a decade or more.

20% of the American population is financially in GOOD SHAPE and can pretty much weather any financial storm, but 80% of the population is NOT SO LUCKY.

When labor strikes for higher wages and gets those higher wages, all that means is that prices will continue to go up which mean INFLATION will continue.  

While inflation is bad for 80% of Americans, it is good for me and my wife because CD interest rates will remain high.

IF TRUMP WINS THE WHITE HOUSE, there is a good possibility he will reduce inflation and build a strong economy...  when that happens, CD interest rates WILL GO DOWN.

It is nothing personal, but I have to think about what is right for my wife and I and not really care what happens to this country.  Of course, you must understand that I am 77 years old, my wife is 72 and neither one of us have a long future ahead of us.