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30/08/22
14:13
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Originally posted by princey37:
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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.