LIVE! No One Is Prepared For The Level Of Currency Purchasing Power Losses Moving Forward. Mannarino
From Greg M
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Printing more US dollars as you describe used to be limited back what backed it; I.e. gold…That was. Way for the public to constrain the power of Congress and the president to spend money (like your family budget); however, that constraint ended with NIXON around 1973. He took us entirely off any gold backing. So now we have a “fiat” currency, backed only by a promise to pay. The public no longer ahas a constraint in law to prevent deficit spending.
Best, Norton
Our illustrious FED is buying it all correct? They will not relent because to do so is admitting guilt. We will see 50 trillion in debt soon and there will only be the ultra rich and their servants.
We are faced with the fact that even established families making 250k are near the poverty line in true essence. Shall this continue we will be forced to stack families in homes to just get along. We as a country with all our beliefs and might will fight every day to just survive as if we landed in a third world country.
Could be that I am an outlier but the people near and dear are blinded coworkers are spending like mad as if they are completely blind with auto payments equal to mortgages and all of them blind to what is coming. Yet still you and I will keep charging loving teaching and dreaming never relenting because we learn develope plan and cannot become something less so let's rally and forever project forward our desire and need to succeed and prosper. This community is adept at all the above so we have no choice but to persevere. Rest well but never rest as our work is becoming harder more entrenched and always uphill.