Bail out
Why do you support those who gambled (invested -not a small accounts) being bailed out by government??? Shame on you. Also, you’re correct nobody can eat gold BUT paper isn’t healthy too = can’t eat more, more money. They will either devalue the money officially or destroy us by inflation. Just like third world countries our government destroys it’s citizens.
Hopefully, you’ll call them out -stop the free money (a taking it from the workers/middle class)
Terry Says
I appreciate your sentiments. Yes, inflation hurts those who have the least, and live on fixed incomes. But at that moment, it was a choice of saving the banking system from a run on deposits, or making good on those deposits above the insured limit.
I think we will look back on that as one of many turning points. And I hope it doesn’t get to your predicted “third-world” situation!
