I think you are 100% correct. I believe that in the next few days/weeks we will see the bond market collapse (even more) / take a massive shit. Followed by the stock market, real estate, then a credit freeze.
Once everything goes to shit, inflation won't be the problem - finding goods/services will be the problem. And if you do find some, it will be hyper-inflated (and that's if they even take FRNS).
If nothing else happens to correct our speeding towards financial mayhem and death, i can see it. But the $ is still held as world reserve currency, though severely reduced from its high of 90%, the death will be slow and painful.
Can't argue against the "slow" comment - given the pace so far (although it is speeding up dramatically post-covid)
Re: $ as a global reserve status, this is changing very rapidly. With BRICS aligning and Russia in the lead position (and don't forget India, whose people own a LOT of PMs) this financial collapse could happen at a moment's notice, and the $$ would be destroyed as many other countries jump onto the BRICS new system. (backed by commodities in the near future?)
Yeah, old players are forming new teams but the slow thing is my take on the frn hedge in the form of fed wallet. as far as i can tell, it's a done deal and was the impetus behind the rush toward vax passport/social credit.
I think you are 100% correct. I believe that in the next few days/weeks we will see the bond market collapse (even more) / take a massive shit. Followed by the stock market, real estate, then a credit freeze.
Once everything goes to shit, inflation won't be the problem - finding goods/services will be the problem. And if you do find some, it will be hyper-inflated (and that's if they even take FRNS).
Buy more silver now!
If nothing else happens to correct our speeding towards financial mayhem and death, i can see it. But the $ is still held as world reserve currency, though severely reduced from its high of 90%, the death will be slow and painful.
Can't argue against the "slow" comment - given the pace so far (although it is speeding up dramatically post-covid)
Re: $ as a global reserve status, this is changing very rapidly. With BRICS aligning and Russia in the lead position (and don't forget India, whose people own a LOT of PMs) this financial collapse could happen at a moment's notice, and the $$ would be destroyed as many other countries jump onto the BRICS new system. (backed by commodities in the near future?)
Yeah, old players are forming new teams but the slow thing is my take on the frn hedge in the form of fed wallet. as far as i can tell, it's a done deal and was the impetus behind the rush toward vax passport/social credit.