All but Assured: Erosion of the Dollar, Explosion of Debt

by Nathan McDonald
Sprott Money

The Federal Reserve has unanimously come together, developing a strategy they believe will help prop up the U.S. economy as the threat of COVID-19 continues to plague the world.

Their plan? Well, it’s the same as always: easy money and debt creation.

This cannot and will not end well for those who continue to hold and accumulate their hard earned savings in U.S. dollars, as the Federal Reserve has made a pledge to keep interest rates near zero for the foreseeable future.

Some analysts have even gone as far as estimating that rates could remain at these historically low levels for at least several years, due to the fact that the Fed has no other option than to keep them there.

The Los Angeles Times reports:

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