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indc says
guess no one knows why US is allowing so many illegals.
In future there will be silos, each country will have its own sphere of influence. They will trade within that sphere mostly. Hence they will not need dollars.
I'm not sure if international trade will completely shut down.
America and European countries will work closely which is same as now.
And dollar usage will drastically come down.
"Can you guess why US is letting in so many illegals?"
Don't do drugs and post on PatNet at the same time.
UkraineTotallyFucked
https://twitter.com/MarioNawfal/status/1768579446221496773
TYSON FOODS HIRES ILLEGAL IMMIGRANTS WHILE LAYING OFF U.S WORKERS
Okay just like what is happening now and I'll give credit to Biden as far as electronic manufacturing investments in the USA
What does that mean for standard of living or quality of life in the USA ?
So?
What does this have to do with BRICS and the bullshit thereof?
Nothing.
Same for real estate developers going bankrupt.
Nope. The opposite. Demand for dollars will rise.
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I remember from personal finance classes that you want to earn 4% plus annual inflation. So if annual inflation steadies at 3%, then you need to earn 7%.
This is based on premise you deduct around 3.5% a year as like an annuity and want your savings to appreciate at least at the rate of annual inflation.
Vanguard has a fund like Lifestrategy Conservative Growth Fund (60 bond/40 stocks) for this type of circumstance.
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10 year Total rate of return on it is 4.68%. CPI increase has been 2.65% over the last 10 years. Puts the inflation adjusted about 2%, and that is with the stock market at an all time high. Better have it in an IRA or it sucks even more after taxes.
https://investor.vanguard.com/investment-products/mutual-funds/profile/vscgx#performance-fees
You mean that if the 10 Year Treasury is paying at least 2% greater than the government-reported annual inflation such as PCE, then it will mean there will be more demand for "dollars" as in 10 Year Treasuries ?
UkraineIsTotallyFucked
Why do you think Trump is talking about De-dollarisation now?
UkraineIsTotallyFucked
Why do you think Trump is talking about De-dollarisation now?
That is why Trump realizes we have to be as energy independent as possible, as especially food prices will be hard hit with an increase in the price of diesel.
Perhaps also this means that the price of the cheapest laptop at Walmart goes up 50% because of de-dollarization.
And all of that will be sold for dollars. So much for 'de-dollarization'.
They will then be made in North America and a few other places.
but at a higher price because of de dolarization (and weakened USA dollar).
Europe and the US have to pay farmers to curtail production so as to maintain prices - their farmers are that productive because the climate and resources are at present abundant. Hell, Europe is trying to run its farmers off their lands because the cows fart too much.
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This is a 1hr video, but very good explanation of coming de-dollarization. Take sometime to listen to it.
I dont agree 100% with the points in the video but would like any financial experts thoughts about it.