Replies

The US dollar is collapsing, and has been the moment we took it off the gold standard.

Without Chinese labor in 90% of our products, the prices become too high for any american to purchase anything. Ask an American to pay $7000 for an iPhone.

We’ve been collapsed for sometime now. It’s just not “hyperinflation”. There is a lot of room between those two points on the chart.

[The US dollar is collapsing, and has been the moment we took it off the gold standard.

Without Chinese labor in 90% of our products, the prices become too high for any american to purchase anything. Ask an American to pay $7000 for an iPhone.

We’ve been collapsed for sometime now. It’s just not “hyperinflation”. There is a lot of room between those two points on the chart.]

In most countries, the wages adjust. They don’t completely make up the difference and there is a fall in purchasing power, but they adjust. But that’s an average. In reality, workers getting wage income do fine. People on fixed incomes, not so much. If latter category are reasonably savvy, they invest their savings in foreign stock markets via index funds to preserve their purchasing power and get some dividend income.

Quoting from memory, Mexico has had 6 zeroes removed (I remember at least 3) from its currency in the past 50 years. https://en.wikipedia.org/wiki/Mexican_peso Do you ever hear of starvation in Mexico? In reality, Mexico has a roughly the same obesity rate as we do. https://en.wikipedia.org/wiki/List_of_countries_by_body_mass_index The reality of out-of-control inflation is much more prosaic than the typical Hollywood potboiler. Even in Zimbabwe, people are somehow eking out a living rather than starving or living a Mad Max script played for real. Last I remember $1 bought trillions of Zimbabwe dollars.