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>getting ready for the collapse of the USD? It's happening, real-time. Yes. All "trickling up," exactly as-designed: into more-durable asset classes, largely u
by ProllyInfamous 2y ago
>getting ready for the collapse of the USD?
It's happening, real-time. Yes. All "trickling up," exactly as-designed: into more-durable asset classes, largely unaffordable to Joe American.
Just for reference, a troy pound of gold currently trades for around $30,000; whereas in 1970 the same mass was, officially, $420.
e.g. Multiple OPEC countries trading oil in non-USD transactions (against policies to only do so, set since early 1970s).
e.g. 2020, largest publicly-traded company was a state-run oil extractor (Aramco), worth barely only $2 trillion [two million million dollars]; 2024 (so far) there were THREE $3T+ marketcaps, each a massively-inflated evaluation; bitcoin is more-stable & more-valuable than most tech stocks
e.g. #100 publicly-traded asset (by market cap), in 2020, was worth approximately $110B; #100, in 2024, is worth approximately $155B
Never forget that Nixon prosmised, just as countless other politicians are trained to do: that this suffering is only TEMPORARY. They're technically not incorrect, when temporal definitions are left undefined.