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> very few people realize how their lives are being impacted by the printing of money Anyone who has no income, and relies on savings, is acutely aware that pr
by denton-scratch 3y ago
> very few people realize how their lives are being impacted by the printing of money
Anyone who has no income, and relies on savings, is acutely aware that printing money risks inflation, and that inflation will destroy their savings.
My savings are mainly real estate, which inflates too; so I have some protection. But if inflation gets wild, the property bubble bursts. There's no fail-safe way to inflation-proof savings; when governments implement policies that they know will increase inflation, they are deliberately robbing pensioners, who can't protect themselves.
- ghastmaster 3y ago> Anyone who has no income, and relies on savings, is acutely aware that printing money risks inflation, and that inflation will destroy their savings. Most whom I talk to think the president causes inflation, seemingly out of thin air. They are not able to articulate how inflation actually happens via money printing. They support the majority of the spending items, but cannot connect the dots.