And since we all now that is a meth heads pipe dream...then what? There is no final bailout at this point. Every "American" corporation was kneeling with their mouth open 6 months ago, begging for a bailout after what? Two weeks of the economy being shut down for some nonsense? If your government agrees a company is too big to fail, and gives your money to them against your will, that is communism. We have been living under a communist system since at least '08-'09.
Most of your dollars shouldn't be in cash anyway, they should be in appreciating assets or stability hedges like precious metals, which are not affected much if any by fluctuation in the value of a dollar, they just become worth more dollars, like stock shares, land, PMs, or even crypto. Inflation is for sure a problem for those on fixed incomes though. Personally I like the idea because otherwise the money i pay in just goes to crap that's not for me anyway, at least this way i get money myself which i can use for whatever i want to benefit myself. Most people will come out ahead if they actually make good use of the money, if it is the difference between you keeping your house or being foreclosed on, then it is worth it for some inflation. If you haven't had any interruption to your employment and you are getting this money, if you can use it to pay off high interest credit card debt, or to invest, or even to replenish your rainy day fund so you don't go into debt if there are unexpected expenses, you will almost certainly come out ahead vs if you hadn't received it at all. The majority of people will probably buy useless crap with the money because they are dumb, so don't be dumb like the majority and you will be fine.
And since we all now that is a meth heads pipe dream...then what? There is no final bailout at this point. Every "American" corporation was kneeling with their mouth open 6 months ago, begging for a bailout after what? Two weeks of the economy being shut down for some nonsense? If your government agrees a company is too big to fail, and gives your money to them against your will, that is communism. We have been living under a communist system since at least '08-'09.
I am 100% fine with us getting our money back, pork-free.
You can never bargain something now for something later from these people. Never. Learn the lesson of Reagan and the amnesty.
Most of your dollars shouldn't be in cash anyway, they should be in appreciating assets or stability hedges like precious metals, which are not affected much if any by fluctuation in the value of a dollar, they just become worth more dollars, like stock shares, land, PMs, or even crypto. Inflation is for sure a problem for those on fixed incomes though. Personally I like the idea because otherwise the money i pay in just goes to crap that's not for me anyway, at least this way i get money myself which i can use for whatever i want to benefit myself. Most people will come out ahead if they actually make good use of the money, if it is the difference between you keeping your house or being foreclosed on, then it is worth it for some inflation. If you haven't had any interruption to your employment and you are getting this money, if you can use it to pay off high interest credit card debt, or to invest, or even to replenish your rainy day fund so you don't go into debt if there are unexpected expenses, you will almost certainly come out ahead vs if you hadn't received it at all. The majority of people will probably buy useless crap with the money because they are dumb, so don't be dumb like the majority and you will be fine.