>>There's one valid point in the article, though, about lots of big money eager to be invested. That money is a force to be aware of - it can ruin so many things (just like it caused the dot com blow and blow up), regardless of it being imaginary money. As long as sufficient number of people believe in it, that money can buy a lot. Politicians, laws, bread, oil, lives...
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>Still, with us being nearer the end of working than start, the question is how to manage at least the amount exchanged for own work and earmarked for retirement. My work was already devalued heavily er, taxed, and the government[s] gamble, borrow and print away buying power. As I do not get a couple of K€ retirement after only a few years "service" as elected politicians do here, I need this accumulated work force already spent/exchanged, especially as I never entered gov retirement schemes, even if they are part Ponzi. And the part forced into insurance through tax benefits is already being sapped/devalued by forcing insurance companies to buy even heavier into "safe" gov bonds via legislation of post-2008. So guessing correctly if inflation or deflation is coming might be more relevant to me ;-)

We bought a piece of land in a nearby village. I'm finally eating REAL tomatoes, not the plastic you get in supermarkets (US, and now here as well). And I have a still to make my own brandy. This time of the year, we grow about 70% of our food.

So even if the savings evaporate at some point, we'll survive. Retirement? Not expecting much, if any.