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Most of our debt is owed to Americans not foreigners. There is no reason to hyperinflate, so the concern is basically ludicrous.
The metrics for a "good economy" that the US defines, the United States defines, is GDP, which is just monetary churn. If a drone plane cost a billion dollars to make and sell, that's better than an ENTIRELY EQUIVALENT drone made in China for $100.
GDP is just another form of propaganda. It's not an actual measurement.
My cousin abandoned this country for Argentina,
richwicks says
My cousin abandoned this country for Argentina,
Argentina has been in economic doldrums for at least 20 years
Pretty sure it's illegal to use tobacco for barter, but then if SHTF the ATF is not going to be in business either.
Gold buying by central banks is 800 tons for the year.
NuttBoxer says
Gold buying by central banks is 800 tons for the year.
Cool! Looks like they are transitioning to a gold back currency!
they are converting their soon to be worthless paper into hard assets, such as gold.
HeadSet says
NuttBoxer says
Gold buying by central banks is 800 tons for the year.
Cool! Looks like they are transitioning to a gold back currency!
That's not the case in the slightest. The central banks are privately owned conglomerates that are also the biggest con artists in history. They know what is coming; a collapse of fiat currencies, so they are converting their soon to be worthless paper into hard assets, such as gold.
.. I think a lot of money that would have gone to precious metals have gone to established crypto coins like bitcon ...
... I think a lot of money that would have gone to precious metals have gone to established crypto coins like bitcon ...
gas at $10/gallon, and $15 for a gallon of milk.
Texas latest state moving back to real money:
https://www.zerohedge.com/markets/texas-gop-moves-support-gold
Did you read the article? First paragraph states the proposition is not legally binding.
FDR federalized gold and made it illegal to own.
Now silver.
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