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RE: Monetary Debasement is here to stay
Why have prices for gold and silver not exploded higher this time? Why has the price of Bitcoin not exploded higher? The Fed has backstopped the UD economy to date. What happens when that ceases?
Because they money hasn't made it's way into the broader economy yet. We got those $1,200 stimulus checks, but beyond that much of the money has not made it's way out.
You're correct. It's sitting in the bank waiting for the next shoe to drop. I'm sure you saw bank deposits are in the $2 Trillion Dollar range. Just waiting on a vaccine before one can really feel safe about going out again.