Originally Posted by boneil
You could not have worded any better brother, and I fully agree with you position on inflation.
You could not have worded any better brother, and I fully agree with you position on inflation.
The Fed has got carried away with printing, and giving away record amounts of money, at the same time of having record income tax cuts, devaluing money even further. Everyone hates taxes, but money earned and collected through taxes makes money more valued, than money created by borrowing and printing it. Cash is not the place to be. Over the last couple of years, the virtual money bitcoin has been the better option by a huge margin, over the USD.
The only possible outcome I see to the amount of currency the Fed has put into circulation in the last year is increased inflation. There are a lot of similarities to what they are doing now and what they did right before the Great Depression. I agree with Tfall, the Fed is not telling us the whole story
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