The only thing propping up the US Dollar is a scheme of special arrangements such as this Saudi deal that was made to artificially create value for the Dollar when it divorced gold. The dollar truly has nothing backing it except your faith in it.
This is it. When they removed the gold backing of the dollar they created this system specifically to create artificial demand. Now, not only do they not have assets or a system to underpin the dollar, they also have an entire world of countries with surplus dollars that they no longer need. They’ll be frantically spending these dollars to secure commodities and property before they lose their value. Expect to see runaway inflation from here on.
Not to mention that businesses of all types will fold, as the cost of everything goes parabolic. I currently enjoy having a solid grocery store within blocks of my house, and well stocked. It will shut down eventually, and after missing a few meals both neighbors and strangers will come knocking on your door, or worse. Some people have never thought this through.
The only thing propping up the US Dollar is a scheme of special arrangements such as this Saudi deal that was made to artificially create value for the Dollar when it divorced gold. The dollar truly has nothing backing it except your faith in it.
This is it. When they removed the gold backing of the dollar they created this system specifically to create artificial demand. Now, not only do they not have assets or a system to underpin the dollar, they also have an entire world of countries with surplus dollars that they no longer need. They’ll be frantically spending these dollars to secure commodities and property before they lose their value. Expect to see runaway inflation from here on.
@NoApologyTour
Precisely. Well said.
A 50 year old deception just ended and we'll be paying for it with our comfortable lifestyle here in the good old US.
Not OUR comfortable lifestyle. Theirs. They print and spend and pad their accounts and pay for all kinds of nefarious shit.
All that is about to end.
They may try to tax the shit out of us to claw some back but they are spending hundreds of times more than what taxes account for.
Not to mention that businesses of all types will fold, as the cost of everything goes parabolic. I currently enjoy having a solid grocery store within blocks of my house, and well stocked. It will shut down eventually, and after missing a few meals both neighbors and strangers will come knocking on your door, or worse. Some people have never thought this through.