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The US$ is not going up, it is losing its purchasing power at a...

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Skol

33,110 Posts.

1402

30/08/22

14:07

Post #: 63408909
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Originally posted by princey37: ↑

The US$ is not going up, it is losing its purchasing power at a rapid clip.
The US$ is going up vs the euro, yen and the pound, three currencies that are also losing purchasing power at a rapid clip.

I have no doubt that people will be asking for debt forgiveness, that's the reason why democracies fail over time, people vote themselves more and more free stuff.

I think the dollar is on its last legs as the reserve currency, the BRICS nations have made plans to use an alternative. I listened to a very good podcast by Quoth the Raven and the writing looks like it is on the wall. When the US$ loses it's status then all those dollars will come flooding back. This looks like it will be the recession before the great inflation.

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The US$ is not going up, it is losing its purchasing power at a rapid clip.
=========

I suppose that argument makes you feel better about losing your money on gold.
A new set of spectacles required.

The BRICS nations...a bunch of failed states.

Last edited by Skol: 30/08/22
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