[mikelets456]

Is this the beginning of the “dollar taking a dump”?

[whitney69]

“Is this the beginning of the ‘dollar taking a dump’”?

Well put. You see the problem. The feds talk about the lack of concern that should be given to inflation but the surge in gold is contributory. When gold surges, prices go up. When money is printed with no worth value, it cuts the dollar in half every time. Thus while the dollar is now required to represent 50 cents, the $1 is what is required to cover the cost of anything tht was 50 cents.

So the new 50 cents is the $1 or in time the $1.50 to the $2...and the process continues until enough can’t find the expanded dollar and they can’t buy anything. It’s a long process, but there is a dark cloud at the end of the tunnel. There is no light up there because there are only two things that come out of it in depreciation, the dollar and the ability of those that can find one.

wy69

[volare737]

Based on the 20% of Bidenflation (which is actually understated, since the formula was changed) since he took office,

that dollar is now worth only 80 cents (and dropping)!!

[Migraine]

In my opinion, this is the biggest case of “emperor has no clothes” exposure yet. With respect to the Dollar (the most virtuous whore in the whorehouse), it is being shown for the vapor-paper that it is.

In due time, all paper currencies are doomed to collapse. They’ll be replaced by CBDCs, which is big-gov’s wet dream. Gov’ts will be able to monitor and control everybody as digital crypto displaces paper.

The antidote is precious metal. Gov’ts may outlaw the use of it, call it all in; but I think people who have some will be able to engage in black market economics (at great risk, I’m pretty sure).

[kearnyirish2]

Your grocery prices already told you the dollar was taking a dump.