| Prices for goods and services in the US have doubled in the past 5 years. US citizens aren't particularly familiar with the psychology of hyperinflation, but a currency shock and panic are not outside the realm of possibility. Several currencies such as the Argentine Peso, Venezuelan Bolivar, and Iranian Rial have endured massive hyperinflations during this decade. The citizens of these countries know to not hold their money for long as it loses value constantly. The loss of value in these currencies has caused those economies to be dollar-denominated, lessening the impact of US Federal Reserve money printing. But eventually the dollar must inflate too as the supply approaches infinity. This could explain the recent precious metals and crypto pump. Also of note is Scott Bessent's plan for the government to buy back US Treasury bonds. In essence this is the Fed bailing itself out. Meaning more inflation. [link] [comments] |
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