Will the U.S. Dollar collapse within the next few years?? Some think it is inevitable with our government’s current rate of spending. With the Federal Reserve keeping interest rates really low while printing billions and billions of dollars in order to provide more liquidity to banks, it is very likely that within a matter of years the U.S. will witness hyper-inflation, resulting in the collapse of the U.S. dollar.
Think about it:
1. U.S. government liabilities have surpassed $50 trillion dollars.
2. The U.S. debt grew 9.5% last year surpassing $9 trillion at the end of 2007, about $30,000 for every American, and the figure keeps increasing exponentially.
3. The U.S. government spends $1.5 billion dollars more than it takes in every day.
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I think were looking at our history of being the greatest country and thinking we will be ok but things change.
ReplyDeleteWho knows???
Just wait until the inflation starts kicking in. We have printed so much money that we are going to see our dollar plummet. Since 1913, our dollar has lost 95% of its value. Kind of scary.
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