O.K. then; so what does this mean? Should I go out today and spend all my dollars real quick to get rid of them?
“Should I go out today and spend all my dollars real quick to get rid of them?”
Buy gold. Be happy.
If your throwing bags of money around I will take one please.
We will have to wait and see what it means but I wouldn’t rush out and spend my money. It could mean lots of things like market turmoil (that’s already started) in spite of the Fed propping it up.
Defaults on a grand scaled equate to debt deflation. With the velocity of money at historic lows.
Buy and hold cash, in the bank and under your mattress.