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Yep, I agree it's clearly a disaster. The government shouldn't be the one deciding who gets all the new money and on what terms... That's essentially what commu
by cryptica 6y ago
Yep, I agree it's clearly a disaster. The government shouldn't be the one deciding who gets all the new money and on what terms... That's essentially what communism does with coupons.
It's naive to think that people will still value the dollar and assets which earn revenue denominated in dollars when everyone knows that the value of the dollar is always approaching 0.
I think something big is going to happen when big investors collectively realize that it's not just the dollar which is losing value, it's also all assets whose earnings are denominated in those dollars.
If gold was worthless, then all gold mines would also be worthless. Somehow people still haven't gotten their heads around that.