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People think it will never happen here and they are probably right, that is in the same method. If they think they can get away with it they better disarm Americans first because there would certainly be fallout. The problem is people don't realize that it is already happening here. As I said in a previous post, it is just a different method.... higher taxation yes, AND Printing money.
When the government prints money to pay for increased spending and to keep the government afloat, that printing devalues your dollar and your dollar buys less and less. If you are a saver, you are a loser. why? because the money you saved and put in your bank account is worth less and less. The Dems and Ben is printing up a storm devaluing your savings. So they didn't take 10% out of your bank account directly but their actions effects the value of our money in a negative way.
So no, it is not a direct money grab but the fed actions but yes, the printing of money to support government spending is just a different method.
I suspect it will. Our national debt is a lot higher than Greeks and growing at an incredible fast rate plus we're taking in many millions of impoverished immigrants from countries dumping their impoverished classes on to us and we give them free health care and food stamps and much more.
Our poverty rate is rising very fast, in some parts of the country already, more babies are born to welfare households than are born to working taxpayers -- it's a trend that cannot last. Yet we cannot accept that poor people should live without HDTV's and cell phones and nice new clothes. So push will come to shove.
People think it will never happen here and they are probably right, that is in the same method. If they think they can get away with it they better disarm Americans first because there would certainly be fallout. The problem is people don't realize that it is already happening here. As I said in a previous post, it is just a different method.... higher taxation yes, AND Printing money.
When the government prints money to pay for increased spending and to keep the government afloat, that printing devalues your dollar and your dollar buys less and less. If you are a saver, you are a loser. why? because the money you saved and put in your bank account is worth less and less. The Dems and Ben is printing up a storm devaluing your savings. So they didn't take 10% out of your bank account directly but their actions effects the value of our money in a negative way.
So no, it is not a direct money grab but the fed actions but yes, the printing of money to support government spending is just a different method.
this is pretty simplistic argument though. in theory, inflation is just the increase in the money supply. While the value of each dollar decreases, in all likelihood you're probably going to be earning more money. the purchasing power of your money is probably a more important factor in determining if you're getting screwed.
People think it will never happen here and they are probably right, that is in the same method. If they think they can get away with it they better disarm Americans first because there would certainly be fallout. The problem is people don't realize that it is already happening here. As I said in a previous post, it is just a different method.... higher taxation yes, AND Printing money.
When the government prints money to pay for increased spending and to keep the government afloat, that printing devalues your dollar and your dollar buys less and less. If you are a saver, you are a loser. why? because the money you saved and put in your bank account is worth less and less. The Dems and Ben is printing up a storm devaluing your savings. So they didn't take 10% out of your bank account directly but their actions effects the value of our money in a negative way.
So no, it is not a direct money grab but the fed actions but yes, the printing of money to support government spending is just a different method.
Guess what the banks have the savers money but don't give them any interest.. not even close to 1%.. more like one quarter of one percent. Banks are no longer banks anymore. Best to keep the money in the mattress than let the bank keep it without any return on interest. Banks are now a thing of the past to make any interest.
Won't happen here for two reasons: One is that our economy is GIANT when compared to other nations and two is that the US dollar is the world reserve currency. The rest of the world has to have it to purchase things like oil.
Won't happen here for two reasons: One is that our economy is GIANT when compared to other nations and two is that the US dollar is the world reserve currency. The rest of the world has to have it to purchase things like oil.
Won't happen here for two reasons: One is that our economy is GIANT when compared to other nations and two is that the US dollar is the world reserve currency. The rest of the world has to have it to purchase things like oil.
How long do you think that's going to last if our dollar continues to become more and more worthless by the day?
this is pretty simplistic argument though. in theory, inflation is just the increase in the money supply. While the value of each dollar decreases, in all likelihood you're probably going to be earning more money. the purchasing power of your money is probably a more important factor in determining if you're getting screwed.
US salaries do not grow in dollars adjusted for inflation during more than 30 years already. And this is inflation that our govt reports, which is total crap as the real numbers are much higher.
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