Imagine "earning" $5,000 a month in pension and having the state of Illinois come to you and say, "Hey, we're broke. Now you only get $1,500 a month...." - what's really going to happen? The FEDs will jump in, bail them out and the value of the USD will continue to depreciate.
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Bingo. Thats exactly what will happen. Great time to load up on cheap silver and cheap crypto. Anything to hedge against our worthless dollar.