The money in your pockets is transient, and for most Americans represents the most recent few weeks or months worth of their labor - the problem is you're accepting less value for your labor while the wealthy horde the increasing number of raw dollars.
This is true also, but people with savings and people who are owed money are getting screwed.
[deleted]
0 ups, 6mo,
2 replies
People with real savings know well enough by now not to keep them in liquid form, and the people who are owed money are one and the same as those demanding wages be suppressed and prices driven up to satisfy their hunger for profit.
We know this because prices have continued to increase even as the money supply has fallen by nearly a trillion dollars since the peak two years ago.
"supply has fallen by nearly a trillion dollars since the peak two years ago" Please post your source. Inflation is slowing compared but it is still too high, and the government is still spending and printing money with little restraint.
"People with real savings know well enough by now not to keep them in liquid form" What investments do you suggest? Gold, crypto, stocks. All of these are pretty shaky also. Unless you have inside info like Pelosi it's betting.
