>> I heard an economist on CNBC say last night that eventually we’re all going to just multiply our savings by .93
I wonder where he got that factor “0.93”.
Frankly, it sounds high to me. I expect dollar holders to see much more than 7% of their wealth vaporized in the fire of inflation before this is all over.
Between a Depression first and than an inflationary binge, I suspect that 7% of their wealth will be all that remains.