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anyone else worried that the US dollar is getting ready to be worth half the amount it is now due to inflation from all the stimulus money?
how it feels knowing that all your savings you have in us dollars is getting ready to lose value by as much as half due to all the 6 trillion $ the us gov. has printed out in past year due to Covid?
5 Answers
- ?Lv 51 week ago
There's no reason to. A little money being created doesn't magically get nullified by inflation. Billions of dollars are created all the time. All the stimulus combined won't exceed what people would have had without the lockdowns anyway
- ?Lv 71 week ago
No, I don‘t worry about inflation. Americans have had no saving in the banks since 2008. We have had to find something else since the fund rate has gone into almost zero. Or more specific, average Americans have had no saving since 1970s due to real wage stagnation, Richard Wolf. So the inflation is not the thing we can do individually, Milton Friedman.
The real fact is that our income has risen due to stimulus package. People go shopping once again. And people are getting richer due to stock market as well. The Fed will raise the fund rate soon.
- ?Lv 71 week ago
No. I'm more worried about the fact that no business in my area can find enough employees because we haven't let in any immigrants/refugees for the past 4 years. Lack of a workforce is what is going to crash the economy.
- Judy and CharlieLv 71 week ago
Thanks to Ronald Reagan and the Republicans, taxes for the wealthiest Americans get cut every year and the Republicans like to borrow heavily from China and Japan. Only 2 US presidents have worked hard to reduce the debt.
However, now, President Biden will be once again correcting where Republicans went wrong and the wealthiest American will now pay their fair share instead of asking the working American to pay for it all.
The stimulus money is OUR MONEY and it belongs to the American working man and woman. It has NOTHING to do with the fact that our government owes foreign debt thanks to Republicans and their economic plans.
- .Lv 71 week ago
And if it doesn't happen naturally, they have a bank holiday and give everyone a 50% haircut.