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$50 Billion, $100 Billion, $50 Trillion, $100 Trillion Dollars from 2008
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jd7520
Posted 5/6/2024 08:38 (#10730568 - in reply to #10730499)
Subject: RE: $50 Billion, $100 Billion, $50 Trillion, $100 Trillion Dollars from 2008


West Central IA		Those days are very near the end of the US dollar being the default currency. I know you guys don't like BRICS, but that is the new kid in town. They are trading with their partners first and anyone else when they cannot buy from their partners. Pay attention, it is happening in real time. This will escalate very quickly. When no one will buy our bonds as we print more money, the FED will step in, buy the bonds with more made up money and we could go 6 months to a year before your wheel barrow investment will be needed. Foreign governments are redeeming their dollars as fast as they can right now. When it gets away from us it will happen in less than 3 months time from acceptable inflation to unmanageable inflation and then it is over. We have never gone through something like this before so it will be interesting at best. Devaluing the reserve currency has never been a good idea in previous history and I doubt it will change for the future.
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