Friday, December 10, 2021

Dollar Inflation > 7% p.a.

 

Much of the world's gold is in India. Unfortunately, we use the dollar, which in 2021 lost 7% of its worth. One could even say that the American Government expropriated 7% of the world's dollar income to spend it on public programs, such as food stamps. Also in keeping open and safe sea and air routes. Next year the dollar interest rate will jump from zero to 10-15%. Many will lose their savings. 

No comments:

Post a Comment