This is REAL Hyperinflation...
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- Опубліковано 5 жов 2024
- Everyone's feeling inflation, but we haven't seen anything like THIS.
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Guys, you have to realize that with monetary sanctions being used as a weapon we (not Americans) are doing all we can to detach. Everybody I deal with have concerns about the dollar.
I really should have addressed this dynamic a bit more. Why would governments continue to rely exclusively on the USD when (1) it's losing value and (2) that dependence could be weaponized against you in the form of sanctions?
@@SilverForeverX ditto, and the truckers in Canada proved even 'money in the bank' has lost it's shine. lol
I was lost with that stack of what looks to be BESKAR BARS in the background wowza!! PS. I kinda dig the background music 🎶
I'm always so conflicted about the music... It sounds so different depending on the device, headphones, etc. and every once in a while I get some seriously mad comments about it!
@@SilverForeverX keep the brand. 👍🏼
I agree I don’t see our currency lasting
I'm sure there are many more decades in the USD's future, but nothing lasts forever (no fiat at least)
@@SilverForeverX exactly and I really hope it doesn’t happen but I think we will all be using a digital currency very soon ! So bye bye to making money with cryptos if that happens haha
Excellent video SF!!
Hey there T, really enjoyed that interview the other night!
@@SilverForeverX Hey, thanks! Glad you enjoyed it, my friend!
If the dollar loses world currency, what currency could replace it? None that I’m aware of. The way I see it, if the dollar crashes, all fiat will follow. Great vid, my friend!
I think we'd be more likely to see a new fiat than any existing fiat overtaking it. I see other fiats failing first, which would serve to support the dollar in the shorter term. But how would I know? I'm just along for the ride
The powers-that-be have hinted that the agenda is for central banks to transition from fiat to CBDC. But which digital currency (if any) would reign supreme is anybody’s guess.
@@danawright777 They do seem to be telegraphing it.. as for timelines, who knows?
Super interesting, I think you may be right! Thanks for sharing!
Thanks for joining the Accumulation Nation!
Interesting! I collect bills occasionally and picked up a German Notgeld over the weekend
Still none in my collection (yet)... SO much variety
@@SilverForeverX it will be on my Saturday video.
The way we are raising rates the dollar isn’t going to inflate. The dollar is the strongest currency going. It’s almost at par with the euro.
cleanest shirt in the dirty laundry
It's amazing what form "money" is considered acceptable by government and then dictated to be so to the general population, the reserve currency is kept strong as so many have invested heavily within it but the trust in fiat at large is fading at a rate much faster then I've ever seen, so much instability these days. Also good to see U toss that dirty paper cash around with the respect it deserves haha 🤑👍
🤑 It's all a shell game!
We produce guns and military weapons we still create most of the technology available. I’m a precious metal believer but don’t think the dollar is going to crash. Look at the Silver price in Australian dollars those currencies have real problems.
I don't see the dollar crashing or hyper-inflating either, I see it being more of a slow and steady deprecation. I tried to stress in the video that the dollar is doing relatively well compared to other fiat currencies.
The US dollar can be total garbage, and still be strong against other currencies, because their currencies are even worse garbage.
We might get to where a loaf of bread is 1 trillion dollars, and other countries might be 50 trillion dollars. It's all a matter of perspective.
It doesn't necessarily destroy wages, but it will destroy savings, and your ability to save. And you must spend your payroll check the same day you get it, or the next day prices may be up another 50%.
If people are not stocking food, they will be in a world of hurt at this time.
Yeah I think it's good to have food put away and especially a rotational pantry. I heard someone say the USD is the cleanest shirt in the dirty laundry, I like that. I've read about situations where workers would be paid daily, or even twice daily so that could spend their money at lunch before prices were even higher that evening. I don't think we will ever get there, but that's nightmare fuel
Hope your wrong too about digital currency, stay strong stacking brother
👊
Wow
Very wow
And its not paper.
What do you mean?
@@SilverForeverX Unlike traditional paper made of wood pulp, the paper used for currency is made of 75 percent cotton and 25 percent linen
Being sarcastic with another reason not to trust fiat.
Hahaha gotcha, hard to pick up on sarcasm through text even when I love sarcastic humor. Still technically paper though!
@@SilverForeverX yes paper we could wear lol haha