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What do you guys think about the U.S. currency?

  1. 0
    Buyprecioumetalsposted 2 years ago

    Our government has been printing out money like crazy. Several economics think there is hyperinflation right around the corner_ What do you guys think? And what have you done to protect yourself and your family in case of a such event?

    1. calculus-geometry profile image85
      calculus-geometryposted 2 years ago in reply to this

      Do you have a source to confirm this? Currency is produced every day, but it is to replace bills and coins that are no longer fit for circulation, not to create money out of thin air.

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    Buyprecioumetalsposted 2 years ago

    Well my friend money is creating out of thin air on a daily basis. Maybe you should take a  look at this link http://www.brillig.com/debt_clock/ and ask yourself why this number keeps going up.

    1. psycheskinner profile image81
      psycheskinnerposted 2 years ago in reply to this

      Um. Of course money is printed daily--but money is also removed from circulation and destroyed daily. Do you have any evidence that there is a significant net increase?

      Normally this "let's all panic" material tracks back to people in the business of selling over-priced precious metals to paranoid people. Okay, I just noticed your username.  No surprise there, then.

      Inflation is quite aggressively managed in the US. What is behind the debt is the obvious thing.  The government spends more than it makes.

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    Buyprecioumetalsposted 2 years ago

    Let me correct you on something psycheskinner; inflation is not aggressively "managed" in the U.S._ It's aggressively manipulated in the U.S. two different things actually.

    1. psycheskinner profile image81
      psycheskinnerposted 2 years ago in reply to this

      Whatever you want to call it.  They are keeping it low.

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        Buyprecioumetalsposted 2 years ago in reply to this

        And how long do you think they will keep that up psycheskinner because if you have leaned anything from history you know every single fiat currencies have a 100% failure rate?

        1. psycheskinner profile image81
          psycheskinnerposted 2 years ago in reply to this

          You still haven't substantiated your initial claim that there is a significant increase in circulating currency.

          If you want to go down another rabbit hole, how about resolving that one first?

        2. calculus-geometry profile image85
          calculus-geometryposted 2 years ago in reply to this

          If by failure you mean no longer in existence, that is true for every society because civilizations rise and fall.  No society lasts forever.  Are you trollin'?

          1. psycheskinner profile image81
            psycheskinnerposted 2 years ago in reply to this

            More like spammin' -- in an indirect sort of way.

 
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