The US isn't going to lose major reserve currency status during any of our lifetimes. I've heard this bullshit for decades.... usually from some joker selling gold. But bitcoin bugs have replaced the gold bugs, arguments haven't changed. Neither will results
Based on what? Because we’re Merica? It’s not different this time. You can’t continuously inflate the currency and expect the world to always hold it. We’ve lost 10% over the past two decades and the trend isn’t turning around.
We’re 30+ trillion in debt and have somewhere between 60-90 trillion in unfunded liabilities as baby boomers continue to retire the next two decades. The House just passed an extremely modest proposal to limit government increases to 1% and the chances of it passing are nil. You really think Democrats are going to suddenly wake up and be adults on fiscal policies? Not a f#cking chance. They’ll print, inflate, and the entire world knows it. The World use to be able to trust us.
Also, gold is up almost 50x the past 50 years. I doubt they’re upset with their results. Lastly, none of this means the world is ending or the U.S. is doomed.
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