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Al Peffley
Hi Gregg,
You are very correct about the first large devaluation of the US dollar was accomplished in 1913. A FED administrator much later admitted that they caused the American Great Depression of the 1930's.
Fast forward to today -- Many of the BICS(sp?) countries with acceptable GDP's are now changing to the gold standard again as a basis for their national currency and crypto currency for foreign payment transactions, but not the US, so far. The FED and the Western Central Bank are backed into a massive world recession corner of their own doing. Who and what policies caused this? How do we abate the dollar's devaluation trend?
The end result won't be for everyone. Our political parties have both been involved with this FED-induced economic train wreck for over 100 years. It's now time to pay the excessive lendiing system pipers. The FED banks should not get a bailout subsIdy this time from a bankrupt FED and US Federal Administration Treasury. The biggest retirement investment losers will be huge civil service retirement accounts based on probable stock market performance failures. Stay calm. Protect your savings accounts in smaller, dispersed deposit locations. Avoid dealing with big name banks directly involved with the FED. Use credit unions where you are a financial institution cooperative owner/member, not just a banking "customer".
Do your own research and invest your savings wisely. I quit investing in stocks years ago when the technology .coms' bubble burst. I lost a lot of my retirement supplemental savings in the bust. Intellectual property and communication services don't feed, house, or heat/cool people, nor do they trade well for life essential materials like metals, oil, natural gas, grains, food, clean water, and fertilizer on the global market -- ask the EU how it's working for them now that they support the Nazi Khazarian Mafia and WEF in the Ukraine conflict. Resist the WEF/UN Agenda 2030 Reset and the Admin./Congressional "war drums". The Titanic is sinking, and the captain and his crew have announced that the remaining passengers on the ship are in the next (newly-defined) transition phase of their pre-paid voyage to America. Life boats are scarce. What is your savings life boat strategic plan?
Just for consideration in this adult discussion about money: No one knows it all. Here are a few recent website sources to listen to what others perceive about the condition of our economy and the devaluing FRN currency status. You only need to look at your pocket book's monthly expenditure increases and reduced store inventory levels to see the inflation, food supply changes, and currency value trends at the buyer's micro economics level to see the pain to Americans - especially those with low-paying jobs and children to care for):
https://rumble.com/v1e5n8b-charles-hugh-smith-its-time-to-end-the-fed-and-return-to-a-decentralized-cu.html
and:
https://www.bitchute.com/video/uQ8NjxCkUCXn/
Comments are encouraged and will be respected. I am not a financial advisor or subject matter expert for domestic living budget/financil planning, just retired like most of you.
Cheers to Recovery (without the Western Central Bank),
Al
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