Viewing a response to: @mikenevitt/py824b
Since the U.S. government has not stopped running a yearly budget deficit, yes, money has been continually printed. As stated during the interview, if money printing is used again to delay the unavoidable correction then it will only make the eventual correction worse. One of the things I have been thinking about is that eventually the U.S. dollar will lose its reserve currency status. Nick stated that **all** fiat currencies end in hyper-inflation. When the U.S. dollar loses its reserve currency status it will be the mother-of-all hyper-inflation scenarios ever seen. Have a great week! Steem on, Mike
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What worries me the most is what will the US government do to prevent this ?
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Thank you. Cheers mike
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You got a 58.04% upvote from @brupvoter courtesy of @etcmike!
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<div class="pull-right"><img src="https://media.giphy.com/media/XreQmk7ETCak0/giphy.gif"/></div> <p>Thank you so much for using our service! Congratulations! You've earned an ROI of <b>111.36%</b> with bids of: <b>0.129$</b></p> <p>Received 81.28% upvote from @onlyprofitbot courtesy of @etcmike!</p> <div>Want to earn more with us? Our APR can reach as high as <div class="phishy">17% or more!</div></div> <p><b>More portion of profit will be given to delegators, as the SP pool grows!</b></p> <p></p> <p>Comment below or any post with <b>"@opb !delegate [DelegationAmount]"</b> to find out about current APR, estimated daily earnings in SBD/STEEM</p> <p>You can now also make bids by commenting <b>"@opb !vote post [BidAmount] [SBD|STEEM]"</b> on any post without the hassle of pasting url to memo!</p> <sup>* Please note you do not have to key in [] for the command to work, APR can be affected by STEEM prices</sup>
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