Worst us recession in history coming?
What's your thoughts on this? I am not at all an expert on how currencies work but right now is almost 7% (I understand they measure inflation differently now which makes it look better than it is) but even at 7% in 10 years thats 70% of your money in savings gone. They should have hiked interest rates by now by alot in my opinion to try to combat this. They will not raise taxes before the midterms in my opinion. And even if they would you know it wont be much because they're all best friends with the billionaires.
What scenerio could play out to not make this an economic disaster. Has this ever been done before and hasnt destroyed the economy?