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> If US prints money, the wealth of all countries holding USD goes down. While the wealth of US increases. True, yet average Americans lose out because their s
by tomcam 4y ago
> If US prints money, the wealth of all countries holding USD goes down. While the wealth of US increases.
True, yet average Americans lose out because their savings get eaten away by inflation
- heartbeats 4y agoReal interest rates have been positive. Unless you were saving in a mattress, your purchasing power increased.
- landemva 4y agoNot where I have been living in USA. Food and energy and rent in USA far outstripped interest rates on savings accounts or government bonds.
- heartbeats 4y agoBut for how long? Past year? Ten years? Century?
- tomcam 4y agoWut? Tell me where savings accounts have rates that exceed inflation.