Serious Did the US Dollar just collapse in this past year or so? In the last few months, my feed is full of Americans complaining about prices of everything.

[wereq]

Obviously the ruling class will try to deny this quick loss of purchasing power, but the people who have to fight to survive day after day know better; they know the ground reality and now more and more of them are coming with with their complaints about the lack of affordability of everything. People are now saying that a new Great Depression is upon them.

So in your opinion, did the US Dollar practically collapse?

 

[aryanmikmaq]

Obviously the ruling class will try to deny this quick loss of purchasing power, but the people who have to fight to survive day after day know better; they know the ground reality and now more and more of them are coming with with their complaints about the lack of affordability of everything.

So in your opinion, did the US Dollar practically collapse?

I mean it will probably recover

 

[zd60]

its definitely not as strong as it once was

 

[Todd Thundercock]

Yes, that's what happens with inflation and giving everyone free money.

"Collapse" is excessive, though.

 

[hierophant]

Obviously the ruling class will try to deny this quick loss of purchasing power, but the people who have to fight to survive day after day know better; they know the ground reality and now more and more of them are coming with with their complaints about the lack of affordability of everything. People are now saying that a new Great Depression is upon them.

So in your opinion, did the US Dollar practically collapse?

Once the gold standard was taken away, that's when it started going down hill, Roosevelt and Truman were sketchy men, Truman lied and got us involved in ww1, then Roosevelt as might be true allowed the Japanese to attack pearl harbor thus giving an excuse to go into war with Japan. When the federal reserve came into being, it came during or before ww1, then the gold standard was taken away during ww2, and what's interesting is how there were many wars after that, the Korean war, Vietnam, CIA black operations, the cold war, Afghanistan, then as we approach further the wars seem to never stop. Then 9/11 happens and we go to the middle east, so forth and etc. etc. so so in this respect all of this was bound to happen with a business that has control over the money supply, then add that and the 2008 financial crash, the gas price rise during the Biden administration. In honest its likely to lead us to hell either way.

 

[wereq]

Once the gold standard was taken away, that's when it started going down hill, Roosevelt and Truman were sketchy men, Truman lied and got us involved in ww1, then Roosevelt as might be true allowed the Japanese to attack pearl harbor thus giving an excuse to go into war with Japan. When the federal reserve came into being, it came during or before ww1, then the gold standard was taken away during ww2, and what's interesting is how there were many wars after that, the Korean war, Vietnam, CIA black operations, the cold war, Afghanistan, then as we approach further the wars seem to never stop. Then 9/11 happens and we go to the middle east, so forth and etc. etc. so so in this respect all of this was bound to happen with a business that has control over the money supply, then add that and the 2008 financial crash, the gas price rise during the Biden administration. In honest its likely to lead us to hell either way.

Wars have been expensive, but I think welfare state and financialization are what has truly gutted government and household finances respectively.

 

[hierophant]

Wars have been expensive, but I think welfare state and financialization are what has truly gutted government and household finances respectively.

Sure, in order for states to even get to that position, they of course have to have a source of income, ie, via taxes which as you can guess takes up a lot of money as time passes.

 

[Emba]

Since 1913


Look at any value chart

 

[wereq]

Sure, in order for states to even get to that position, they of course have to have a source of income, ie, via taxes which as you can guess takes up a lot of money as time passes.

Taxes and government bonds didn't do enough to cover for expenses. Welfare and defense are government's biggest draw downs, and financialization is household's biggest drawdown.

 

[hierophant]

Taxes and government bonds didn't do enough to cover for expenses. Welfare and defense are government's biggest draw downs, and financialization is household's biggest drawdown.

In part, the bill adds up, the problem is you cannot act upon welfare, universal education, anything for that matter unless there is an efficient system that can manage it which is possible, the problem is most of these countries are indebted to their banks, the people have lost faith in themselves and their money. Its just a matter of time before everything goes tits up. if there is a way to salvage the system then there are pragmatic methods, again it just comes down to deciding an efficient system to allocate resources.

Just in conclusion, with American money just being fiat money now its of no use and the only thing you can bet on is real raw materials, such as silver and gold.

 

[outerdarkness]

It’s absolutely starting too.

80 years of Pax Americana has been killed in less then a year and the days of the dollar being the world reserve currency are probably numbered.

 

[DarkStar]

Job market is fucking tough as shit

Inflation keeps getting worse

Yup, it's fucked mang

 

[starcrapoo]

I think the dollar loss something like 20-30% of it's value since covid because of money printing.

Which basically means that the poor got poorer while the rich who own assets got richer.

With AI and automation already here, things will get worst.

Most zoomers and and a good chunk of millenials are basically doomed. Us millenials got fucked over by the 2008 financial crisis because the economy didn't recover til 2011-2012 and jobs didn't become plentiful til 2014.

 

[Hail The Bloatlord]

Apparently it did, but that's going on for years now

 

[Gronk98]

Obviously the ruling class will try to deny this quick loss of purchasing power, but the people who have to fight to survive day after day know better; they know the ground reality and now more and more of them are coming with with their complaints about the lack of affordability of everything. People are now saying that a new Great Depression is upon them.

So in your opinion, did the US Dollar practically collapse?

Yes, it has lost 15% or so relative to most other currencies like the Euro and 40% relative to gold. Other countries are hoarding gold and dumping dogshit U.S. Treasuries, which spells bad news for the U.S. Dollar.

 

[nazianime]

The gold index is rising that means economic instability. china economy is doing bad and US economy is doing just as bad only being masked as good by the “line go up small hats” that benefit from it while everyone is loosing their jobs to AI and A(another)I(indian).

 

[Dr. Butane]

The US economy after the bubble pops.

The dollar has less spending power right now due to inflation. Covid and Biden's presidency did not help. Nations are taking initiative to avoid relying on the dollar. This isn't speculation, it's fact that we are headed into another Great Depression.

The gold index is rising that means economic instability.

If gold rises dramatically, we should all be worried.