3 ms·
> Let me translate into actual plain English Or "Let me leave out most of the details that matter".. > quite a lot between 2000 and 2020. > From 2000 to 2020,
by qwytw 3y ago
> Let me translate into actual plain English
Or "Let me leave out most of the details that matter"..
> quite a lot between 2000 and 2020.
> From 2000 to 2020, the government was
So specifically between 2001 and 2011 governments have printed several times (~5x) more money than between 2011 and 2022? Because that's obviously not the case. In the first ten year period the price of gold increased fivefold during the second (despite growth in money supply only accelerating) it collapsed and didn't start recovering until 2019 (it's now worth only only slightly more than in 2011..). How does that fit in with the with whole printing hypothesis?
> In the early 1980s, by contrast, the government was destroying dollars
Just like after 2011?
> that dollars are volatile
It's not though. Generally the dollar depreciates at a fairly predictable rate. There is a spike here or there but it's nothing compared to the volatility of gold.
> houses
Yes. I certainly a agree that houses, food, cothers, cars etc. are much better units of measurement than gold (which is just commodity with a highly distorted/inflated price due to speculation..