Post
Topic
Board Economics
Merits 4 from 2 users
Re: Silver/USD is at its highest since 2013
by
mindrust
on 27/05/2024, 15:49:10 UTC
⭐ Merited by The Sceptical Chymist (3) ,cryptosize (1)
You know, there's always chatter about paper money versus the real deal when it comes to metals. And yeah, figuring out where currencies are headed is like trying to predict the weather sometimes. Hyperinflation's a legit worry, but whether we're heading down a Weimar Germany road or something completely different, well, only time's gonna spill the beans on that one.


The US has been paying its debt with more debt since they have removed the gold-dollar peg. It went all downhill from there. The clown car crashed once in the early 2000's with the dotcom bubble, and then crashed again in 2008 with the mortgage bubble. The debt is growing exponentially and will be in the hundreds of trillions in a few years..

In 2000, the US public debt was $5.6 trillion. In 2011, it went to $15 trillion. Right now it is ~$35 trillion. Another decade or two, it will be in the hundreds. Maybe even much sooner.

People like stompix think they can forever free ride the rest of the world but England and Rome thought the same thing. One doesn't exist anymore and the other is far from its former glory.