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Um, the dollar buys 1/28th what it did prior to the Fed. The price increases have been small for a very long time. Small enough that you might only notice whe
by tastyfreeze 5y ago
Um, the dollar buys 1/28th what it did prior to the Fed. The price increases have been small for a very long time. Small enough that you might only notice when buying a product you haven't bought for a few years. Couple the slow creep of inflation with efficiency gains and you might not notice the cost increase for a long time. Now the cost of continually increasing dollar supply and enormous debt is too much. If the Fed increases interest rates the economy tanks. If they create a bunch more money we get runaway inflation. There is no painless way out of this mess. The only real solution is political suicide. So, unfortunately, the dollar will die before we are out of this mess. Hope you are prepared.
- jjeaff 5y agoAnd pundits have been proclaiming the end is nigh ever since the fed as well. If things get bad enough, the government can raise taxes and hold or destroy that currency. If things progress as you predict, it will become political suicide not to do so. If things get so bad that the dollar fails, there is little anyone can do in terms of financial hedging that will make much difference.