This is an interesting take on our currency. Our debt is about 35 trillion dollars. The question for us who are here now is whether the dollar dies in hyperinflation or we get a reset of our currency, incomes, and debt through the use of totalitarian-friendly CBCs or central bank digital currencies. If we assume that the new currency will be called, say, the Eagle, who's to say what the conversion rate will be between the old dollar and the new eagle? If you look at Columbia, for example, they have revalued their currency several times in living memory, each time stating that so many millions of the old currency equals one unit of the new currency. This is why owning hard assets now is a great idea. If I had children, I would consider buying at least one good used car now for their use in the future, because the cost of such assets will only rise as our dollar is intentionally destroyed. We Americans also need to consider what happens when foreign countries no longer want our dollars in exchange for their exports. Shortages, high prices, and black markets, illegal of course, come to mind when I think of any country that cannot import what it needs. Careers that rely upon an employer for work are likely to be hammered in such circumstances, while careers that require a special license based on the expertise of the worker, will do very well in such an inflationary environment. Of course, inflation leads to hightened crime, dissolution of social bonds, and domestic violence. We who live today will see the days of crisis when our dollar becomes worthless.
This is an interesting take on our currency. Our debt is about 35 trillion dollars. The question for us who are here now is whether the dollar dies in hyperinflation or we get a reset of our currency, incomes, and debt through the use of totalitarian-friendly CBCs or central bank digital currencies. If we assume that the new currency will be called, say, the Eagle, who's to say what the conversion rate will be between the old dollar and the new eagle? If you look at Columbia, for example, they have revalued their currency several times in living memory, each time stating that so many millions of the old currency equals one unit of the new currency. This is why owning hard assets now is a great idea. If I had children, I would consider buying at least one good used car now for their use in the future, because the cost of such assets will only rise as our dollar is intentionally destroyed. We Americans also need to consider what happens when foreign countries no longer want our dollars in exchange for their exports. Shortages, high prices, and black markets, illegal of course, come to mind when I think of any country that cannot import what it needs. Careers that rely upon an employer for work are likely to be hammered in such circumstances, while careers that require a special license based on the expertise of the worker, will do very well in such an inflationary environment. Of course, inflation leads to hightened crime, dissolution of social bonds, and domestic violence. We who live today will see the days of crisis when our dollar becomes worthless.
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