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In the event of hyperinflation, are we frozen for years until a new contract?
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<blockquote data-quote="JL 0513" data-source="post: 1785371" data-attributes="member: 50088"><p>So do we, or do we not get COLA increases? Apparently, there's no stipulation in the contract. People are saying different things.</p><p></p><p>Pretty scary if the dollar collapses and we barely see an increase until 2018. </p><p></p><p>Just this week, China significantly devalued their currency and will continue to manipulate their currency. This is already having an effect. Although we are the ones that are causing our own demise. It's not if, but when. Some are predicting a major event this very year. Not me necessarily, but who knows. When it comes, 2008 will look like sunshine and lollipops. And when the monetary system collapses, so does the civil society. It will be worse than the Ferguson riots everywhere, out of plain desperation.</p></blockquote><p></p>
[QUOTE="JL 0513, post: 1785371, member: 50088"] So do we, or do we not get COLA increases? Apparently, there's no stipulation in the contract. People are saying different things. Pretty scary if the dollar collapses and we barely see an increase until 2018. Just this week, China significantly devalued their currency and will continue to manipulate their currency. This is already having an effect. Although we are the ones that are causing our own demise. It's not if, but when. Some are predicting a major event this very year. Not me necessarily, but who knows. When it comes, 2008 will look like sunshine and lollipops. And when the monetary system collapses, so does the civil society. It will be worse than the Ferguson riots everywhere, out of plain desperation. [/QUOTE]
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In the event of hyperinflation, are we frozen for years until a new contract?
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