[–] WhyNoDonuts ago
It's hard to tell from our position (not high finance) but a big threat is appearing when china doesn't want any more of our debt. They are big enough to finance themselves,, and have made Oil and metal deals with other countries while avoiding using us dollars. That signals knowledge or fear of the dollar losing value. Everything needs a catalyst,, some event to blame. For instance, my commercial insurance went up because 911, and I have noothing to doo with any oof the companies involved,, nor am I in a big city. But you pay the new price "cuz terrists".
[–] bopper [S] 0 points 1 point 1 point (+1|-0) ago
Yeah, and if all those (digital) dollars come back home from China and elsewhere it's gonna cause massive inflation. Wow, before this pizzagate stuff I used to really be in to that, the whole China absorbing our dollars and sending us "stuff." That brings back memories. I need to get back into that. I'm getting rusty. No, the US dollar will not remain the world reserve currency, and that's gonna be incredibly tough, who knows what's going to happen. I have gold and silver and stocked food. Talk later I'm in bed, nice chatting w/ someone who understands.
[–] PeaceDogg ago
The future of money is bitcoin and other cryptocurrency. If you want to protect your savings, move it to bitcoin or similar.
[–] WhyNoDonuts 0 points 1 point 1 point (+1|-0) ago
I have a suspicion that the reason for inflating the number of dollars in the last twenty years is to absorb the shock of default. When the debt was a few trillion a sudden bill for 800Billion woould have been staggering. Now that's only 5%-10% of the total deficit,, which doesn't appear as shocking. I'm sure there's a financial term,, but I call it "flooding the denominator"".
Good for you with the various coins. It hurts to have to buy these now but it's a great long term buy. Make sure to fly to Vegas now and then so you can "lose" them while "gambling" when ""drunk"". Otherwise,, there is a record of your purchase somewhere....unless you paid cash,, then you are the king! FYI: the north American cost for placer mining gold at current fuel prices is about $850/oz. china does it for less than $500. I'm a firm believer that the financial collapse canary lies with foreign investment in Japan, and the bonds underlying them.
I also believe that pizza gate is real as a worldwide phenomenon,, but the info has been purposely garbled and we really don't have much on these guys yet. I'm just hooping that these mass arrests we hear about lead higher up the chain. Part of the pizza info is intended to distract and occupy our minds,, because lets face it: all these people care about is mooney and power, and everything else is a means towards those goals.