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Originally Posted by rustyp
FYI - … One thing for sure we will pay one way or another but how and when. Pray that it won't be in the form of inflation which would hit the retired class the hardest.
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You can pray all that you want but it won't help a bit. Pumping all of that fiat currency, aka "funny money" into the US economy is going to result in only one thing and that is horrendous inflation, possibly hyper-inflation; it's Econ 101. There's no getting around it. Welcome to 2008 Zimbabwe, 1921 Weimar republic of Germany, 2018 Venezuela. That is the aspect of this Covid debacle that many people are either ignoring or, more likely, don't understand. Many of these folks think there are no ramifications and all we have to do is "stay indoors". Others realize that the US economy cannot possibly survive, in a form we have come to know, after so many businesses will have closed, permanently, due to this travesty. Wait until much of this "printed out of thin air" currency, eventually, enters the marketplace and shoppers witness the price of a gallon of milk, a loaf of bread, a gallon of gas, etc., then there will be some enlightenment and a day of reckoning for shutting down most of the economy, while the Federal Reserve floods it with trillions of dollars of "funny money". Those on fixed incomes and the younger families with "mouths to feed" will suffer heavily as the purchasing power of the dollar is destroyed irreconcilably! Good luck to us all
Fred