The reality is, the government can’t afford the tax cuts for the rich, and their plan to fire up the printing press to deal with the deficits is damaging the dollar.
Jtex1414 on
A dollar is also now worth less then 1/5000 of gold. In 2024 it was around 1/2000ish… the value of fiat currency and the dollar’s role as the primary global currency feels like it’s being questioned… am curious to see if the euro or yen rises to be more prominent globally in places that used to be dollar denominated. I know it’s starting to happen, just a question of how far it will go.
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The reality is, the government can’t afford the tax cuts for the rich, and their plan to fire up the printing press to deal with the deficits is damaging the dollar.
A dollar is also now worth less then 1/5000 of gold. In 2024 it was around 1/2000ish… the value of fiat currency and the dollar’s role as the primary global currency feels like it’s being questioned… am curious to see if the euro or yen rises to be more prominent globally in places that used to be dollar denominated. I know it’s starting to happen, just a question of how far it will go.