My point is the US dollar will be worthless long before any projections based on inflation.It matters to me today whenever I purchase something. It's also worth knowing that the govmint inflation numbers are bogus.
My point is the US dollar will be worthless long before any projections based on inflation.It matters to me today whenever I purchase something. It's also worth knowing that the govmint inflation numbers are bogus.
My point is the US dollar will be worthless long before any projections based on inflation.
Gold is up 62% relative to US bond fund over the last 5 years. Saying the dollar will collapse may be speculative, but by that reasoning it was speculative to say Lehman brothers would collapse in September of 2008.The future value of the dollar is speculative though I tend to agree with you that that will be the inevitable outcome of our current govmint policy, but it is still speculative none-the-less. Current inflation though, affects us all today and everyday.
I'm seeing Gold continuous contract (GCCOO) at 2,005I see it as $1996 as of 12:15 EST
Do they not see the real threat or are they afraid to mention it? If countries don't need the dollar they will dump US bonds and will not be buying them. That is like pulling the plug on the bathtub and the water of our economy, our currency, will drain out. The US dollar will drop 30%, 50% and ultimately 100%
What! Sounds like a scene straight out of "It's a wonderful life"Things are getting panicky down at the casino management boiler room......