Inflation Will Kill What’s Left Of Your Money
Business sucks. People are hoarding their money. Retirement accounts are on the express elevator to the basement. The government continues to print money and pump it into the economy, with little effect.
In the last five months, according to the Federal Reserve Board, the money supply in the United States has increased by 271 percent. It has almost tripled.
Have car sales tripled? Home purchases? Consumer spending? Corporate investment? Not only have they not tripled, they have all declined more sharply than they have since at least the recession of 1981-82, and perhaps since the Great Depression.
So where is the money? If it isn’t being spent, where is it?………..
…………… But one day this recession — despite Obama’s best efforts — will end and things will begin to look up again. Then we can expect all of this money to come out of its parking space and get back on the highway of commerce. All at once. The inevitable result will be double-digit hyperinflation. source- DickMorris.com
Read the rest at Dickmorris.com.
I think inflation will not kill US Dollar. For example, here in Ukraine people bought $1.5 billions in February, 2009. They buy US dollars to have their money saved from inflation here