4Annie

Dollar's Purchasing Power Annihilated - The Chart They Don't Want You to See

"Well lets see: The value of the dollar will probably take a beating, BUT who in the labor force in going to agree with personal pay cuts etc.?"
Many people, lately, in order to have any amount of income after job loss or cutbacks, have been forced to sell their time & talent for much less than they are accustomed. The auto unions in the bankruptcy advoidance have had to make concessions. Globalization has forever changed the salary structure in America permanently & many of the lost jobs will never return. The money & means of production (wealth creation) continues to move offshore. They can print $$ all they wish, it does nothing but depreciate existing $$. What a mess.