Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: MeneMeneTekelUpharsin
With the excessive printing of money, almost everyone in this country who has a job will make 200,000 thousand dollars or more.

I sort of agree. From personal experience, many wages have gone down as inflation has obviously gone up over the past few years (admittedly mild inflation compared to the hyperinflation predicted). I'm guessing it's more than likely that hyperinflation will simply wipe out companies, and with them, jobs.

So, rather than significantly more people making 200k+, we'll have significantly more people making 0.
15 posted on 12/03/2012 8:58:19 PM PST by mmichaels1970
[ Post Reply | Private Reply | To 1 | View Replies ]


To: mmichaels1970

I agree with you. They just replaced a contract providing facility maintenance where I work. The new contractor offered existing workers half the pay they’d been making. Several retired or left.


27 posted on 12/03/2012 9:24:17 PM PST by FrogMom (Chicken Little is coming, and he's right!)
[ Post Reply | Private Reply | To 15 | View Replies ]

To: mmichaels1970

Printing of money. I know a bank teller personally who said they no longer get used bills from the Fed. It’s all newly printed money now.


51 posted on 12/04/2012 4:33:33 AM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
[ Post Reply | Private Reply | To 15 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson