not gonna work this time as we are no longer on the gold standard. We’ll have major inflation and even the obama kiddies who don’t work or pay taxes will feel it.
> not gonna work this time as we are no longer on the gold standard. We’ll have major inflation and even the obama kiddies who don’t work or pay taxes will feel it.
I agree with most of your point. I too think we will have inflation. But inflation helps those who are in debt, and hurts the responsible savers. So I’m not sure the Obama Kiddies will feel it, at least not before responsible folk.
As long as people “believe” in the money it will be ok right? I know it’s all fake now but it’s about trusting the currency isn’t it?
IMO it’s no different than monopoly money at times.