7/19/2022 Paying for the Free Lunch
AUTHOR: TOWNEWEALTHMANAGEMENT.NET/BLOG 7/19/2022 Towne Wealth Management BLOG:
Paying for the Free Lunch
80% of ALL dollars in circulation DID NOT EXIST three years ago and I’ll say it again, DID NOT EXIST three years ago, after 20 trillion dollars were place in circulation over the last 2 years, reports Dr Ron Paul 7/15/2022. According to Paul, crediting Bloomberg 7/15/2022, this influx of cash into the economy helped create an inflationary environment that cost the average American $5,200 this year. This translates to an egregious tax to those on fixed income and all those with retirement accounts, like 401k plans. Although all that money coming into the economy seemed to feel good and even, in instances, necessary, it brings to mind a famous phrase we all know:
“There is no such thing as a free lunch,”
And now…. the time has come for us…
to pay for the lunch.
Bon appetite…..
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Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.
The opinions expressed in this material do not necessarily reflect the views of LPL.