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 $$ would be destroyed as many other countries jump onto the BRICS new system. (backed by commodities in the near future?)
Lost in all of this is Musk just made the people that turned Twitter into a shithole wealthy beyond their wildest dreams.
And before someone comes in with the “oh when trump returns all that money will be confiscated” save it, that’s nothing but a pipe dream.
Rich in the fiat money system. Which, as we know, is in end days.
I think you are 100% correct. I believe that in the next few days/weeks we will see the bond market collapse (even more) / take a massive shit. Followed by the stock market, real estate, then a credit freeze.
Once everything goes to shit, inflation won't be the problem - finding goods/services will be the problem. And if you do find some, it will be hyper-inflated (and that's if they even take FRNS).
Buy more silver now!
If nothing else happens to correct our speeding towards financial mayhem and death, i can see it. But the $ is still held as world reserve currency, though severely reduced from its high of 90%, the death will be slow and painful.
Can't argue against the "slow" comment - given the pace so far (although it is speeding up dramatically post-covid)
Re: $ as a global reserve status, this is changing very rapidly. With BRICS aligning and Russia in the lead position (and don't forget India, whose people own a LOT of PMs) this financial collapse could happen at a moment's notice, and the $$ would be destroyed as many other countries jump onto the BRICS new system. (backed by commodities in the near future?)