Look, I just have to get this off my chest.

The FED is going to print so much money, they are going to inflate their way out of trouble.

The only downside is that people who've saved their whole life are going to get wiped out.

The major upside is that we can pay off all of our debts and entitlement programs and wars.

So, don't be confused or shocked when the dollar goes through the floor. In the long run, it's going to save the Country from collapse.

/thread

Originally posted by ConservativeJack
The only downside is that people who've saved their whole life are going to get wiped out.

I'm sorry but that just isn't good enough.

I've saved my whole life, with good times helping me out through the bad, I've seen my shares & investments tank, I've seen the return on my savings dwindle to next to nothing & my private pension now has way less cash in the pot than the contributions I've paid in.

Meanwhile, a generation has grown up expecting something for nothing from the state, claiming social security benefits for years & paying nothing into the system at all, assuming they've ever worked a day in their lives. Sloth & inactivity seems to be rewarded in this great system of ours. Hard work & prudence, that oft quoted term, seems never to be rewarded.

Why bother working at all when everything you earn is taxed to the hilt and when most things you buy are taxed ? Why bother with anything tbh ?

There'll be a revolution if savings collapse. And heads will be on the block. Seriously.

Originally posted by Charity

Originally posted by ConservativeJack
The only downside is that people who've saved their whole life are going to get wiped out.

I'm sorry but that just isn't good enough.

I've saved my whole life, with good times helping me out through the bad, I've seen my shares & investments tank, I've seen the return on my savings dwindle to next to nothing & my private pension now has way less cash in the pot than the contributions I've paid in.

Meanwhile, a generation has grown up expecting something for nothing from the state, claiming social security benefits for years & paying nothing into the system at all, assuming they've ever worked a day in their lives. Sloth & inactivity seems to be rewarded in this great system of ours. Hard work & prudence, that oft quoted term, seems never to be rewarded.

Why bother working at all when everything you earn is taxed to the hilt and when most things you buy are taxed ? Why bother with anything tbh ?

There'll be a revolution if savings collapse. And heads will be on the block. Seriously.

You should be mad. I would be furious.

I think your right a lot of people will be devastated.

Fiat money, inflation, you lose all of your savings.

Unless you are WEALTHY, (10,000,000+), you will NOT be retiring at 65 and you will be working until your 80s.

You'll have to. Or you wont eat.

My friend, you ought to dump anything you have tied to the dollar while you still have some purchasing power (theres a nice rally for the dollar going on)

The part that sucks would be not the money you lose, but the time, effort and life you used up pursuing the money that was once valuable that no longer has any value thanks to the whims of a few politicians and businessmen that didn't and took shortcuts to maintain their positions in society. The real crime appears as the time and the fact that life cannot just be printed up on a tree, but maybe someday we will live an extra 100-200 years longer, but that might be the only thing that might make the loss bearable.