I hope you are right, Yardstick.
If so, I will not have to worry, for my adult children’s income will be going up exponentially, and they will be able to afford my inflated grocery bills, so I will not starve.
Do you understand how present inflation of food, energy, etc. has hit us seniors, who now are embarrassed to ask our children for help?
It isn’t as if apples are less plentiful in the marketplace, it is just that our dollars are worth less. The cost of producing apples has gone up, so we pay more for an apple this year than we did last year.
Printing money hurts us all in different ways. I am guessing that you are young, and haven’t really figured out how much the dollar you have earned has depreciated in value over the years.
I can remember paying 5 cents for a candy bar that now costs well over a dollar, 25 cents for a package of cigarettes, and don’t even get me started on the price of a gallon of gasoline back then.
What will you be paying for a loaf of bread, a gallon of milk, or a cup of coffee at Starbucks in five years? Want to guess?
You have the temerity to challenge my predictions?
Let’s see your predictions about the price of bread, butter, medical care, utilities, etc, if the present printing press keeps on going?
There is something you just haven’t understood or processed yet, and I hope to be able to help you wrap your head around it, for the collapse is coming.
I do not know what form it will take, or how it will work out, but it will hurt most of us, more than we can even imagine, more than we can know. “They” should have let it all go years ago, but they didn’t, so now, whenever it happens, it will be way worse than if they had let it happen naturally.
But, I hope, for my sake, my adult children’s sake, and my grandchildren’s sake, that you are right. Would I place a bet on your world-view? No way.
“Do you understand how present inflation of food, energy, etc. has hit us seniors...”
This is an issue that really bothers me (although I’m not a senior) and is one of the most unfair aspects of this administrations monetary policy. Printing money and falsely keeping interest rates low means that the money seniors have in ‘safe’ investments doesn’t grow, while each dollar of their pension savings purchases less. It’s a huge problem, and is an issue that the Republicans should use, but don’t (at least not effectively).