Retirement Lifestyle Advocates
In response to these inflationary pressures, consumers and central banks are investing in gold.
The personal savings rate is near an all-time low, while credit card debt is at an all-time high.
The current boom cycle has come about as a result of the most extreme credit expansion in our country’s history.
Short of allowing a deflationary collapse sometime relatively soon, the only other option is more currency creation, which will work until it doesn’t.
While price controls won’t work, don’t be surprised if these initiatives get some traction, given that on Main Street, Americans are really feeling inflation.
Senator Bernie Sanders brings to light an important study regarding the financial health of retirees in America.
Ever since the Fed began pumping out new currency and stocks and real estate values rose, I have not been shy about sharing my opinion that we are in an ‘everything bubble’.
Gallup, the polling organization, found that for only the third time in the last twenty years, Americans were “not satisfied” with their own lives.
Debt levels at the present time are at record levels, with no hope of all of the debt being paid with ‘honest’ currency.
As I have been stating here for a long time, if there is too much debt to be paid, it won’t be paid.