G
GuestUser4aMPs1
Guest
It's 2020...
– The Federal Reserve is set to borrow a record $3 Trillion in this Quarter alone.
– The FED has also printed and thrown trillions of dollars at the COVID problem.
The USD has been fiat since 1971 when the FED took it off the gold standard.
The dollar is backed by...drumroll...nothing!
...Meaning, the government can keep inflating its currency until it's worthless, and/or write new monetary policy.
My understanding of this subject is limited, but I know @Kak holds Gold as a currency hedge, and people like @JScott might have $0.02 to share...
Does anyone believe we have a currency crisis on our hands within a short-term future?
– The Federal Reserve is set to borrow a record $3 Trillion in this Quarter alone.
– The FED has also printed and thrown trillions of dollars at the COVID problem.
The USD has been fiat since 1971 when the FED took it off the gold standard.
The dollar is backed by...drumroll...nothing!
...Meaning, the government can keep inflating its currency until it's worthless, and/or write new monetary policy.
My understanding of this subject is limited, but I know @Kak holds Gold as a currency hedge, and people like @JScott might have $0.02 to share...
Does anyone believe we have a currency crisis on our hands within a short-term future?
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