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RE: Weak Economy, Weak Hands, and a Weak Dollar … (Death of the Dollar–18) with Link to Full Story
Your point about where the newly printed money ends up is 100% accurate. The money remains in the "financial" realm, where it's given to the elite / oligarchs.
None of that new money ends up in the real economy, the economy of production and retail and so on. The wealth gap continues to grow, and that spells doom for all ... for the economy of the elites and the economy of the middle class.
Posted via Steemleo
Dear @majes.tytyty
In my opinion we're witnessing two important things:
Those without any assets and relying stricly on FIAT may have a hard time in upcoming future.
Cheers
Piotr
Yep, precisely. A massive wealth transfer is underway, and it will lead to a more massive wealth gap. Essentially, the middle class will vanish (as you pointed out).
And a society / economy without a healthy and vibrant middle class is neither healthy nor vibrant. It's doomed.
Let's hope we can survive the coming collapse and help our families, friends, and neighbours as best we can. Maybe we can do so thru "Hopeful Projects" of various types.
Cheers.