If that happens, the USA will literally go back to the stone age. Pensioners, investors in treasuries, ordinary citizens would lose everything they saved for in ages. Already, the value of their pension and investments have been decimated by the fall in value of the US$ due to unlimited money printing.
Honestly the administration is still saying that inflation is under control. Realistically, it is the opposite, as those figures are unrealistic. It is anyway the same thing done by the Government in every country. Statistics are collated and interpreted in the best way possible by Governments and meant to fool the masses, not to tell the truth.
Anonymous
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