A prediction and the two safest companies in the USA.

The United States has created at least 4 trillion dollars in the last 30 days that will generate a dramatic devaluation of the standard of measure we all trust - the dollar. 

This is a terrible virus with 200,000 excruciating deaths out of 7.8b people on this planet but the 1918 Spanish flu generated 50,000,000 deaths when the world population was 1.5b.   So now 1 out of 50,000 people have died when 1 out of 150 lost their lives just over 100 years ago!

We have overreacted with our financial stimuli.   The loss of life caused by the breakdown of our belief in the dollar be vastly greater than the loss of life from the virus.

There is considerable inflation ahead but it will not be as bad as it would be in any other nation in all of history.

The reason is that the power of the United States is so overwhelming (generated with $800 billion a year buying weapons) that we can dictate the value of our currency to the 97% of people in the world who are not Americans.  Our towering superiority guarantees that one way or another our economic rules will apply.  

And even if we create more cash to temporarily postpone panic, we will be paying back with much cheaper dollars that the rest of the world will have to accept.   So even though there has been a financial overreaction, everyone else will suffer far more than US citizens.  

Those who are agile or who have useful skills as managers, doctors, teachers or police are going to do just fine although someday it might take a wheelbarrow of today's cash to buy a loaf of bread just like the brutal disruptions of 1933 in the German Weimar Republic.  Savers and people on pensions are going to suffer the most. 

My reason for confidence is that good Audubon aquatints, important maps, rare books seem to be doing ok for us in the last month but the safest assets are the highways that are used to bring energy to 330,000,000 Americans.

 

ET and EPD are two massive pipeline companies that own unassailable fortresses paying out a very, very high, double-digit distribution that is tax-deferred.  Read what others are saying.   This is ridiculous value with both companies run by executives who believe to their core that their primary focus should be shareholder value.

There is no way that any Republican, Democrat, Socialist, Dictator or Communist is going to impede the delivery of natural gas to underprivileged  Americans living in the Midwest or East Coast.   This is a substantial payout that will never be interrupted by any form of government.