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eztrang

4,137 Posts.

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30/08/22

14:13

Post #: 63409060
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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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"I think the dollar is on its last legs as the reserve currency, "

I think you're wrong. the US$ will be the global reserve currency
until a better one comes along. But there's no sign of that, and it's
not going to be gold, that's for sure.
2 Upvote

0 Great analysis

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