If and when it happens, it is going to be very bad. should have stayed on the gold standard, imho
If and when that happens, I think lead would be far more valuable then gold, ya know?
I agree. Lately I’ve been reading how China is really stepping up it’s bullion purchases and gold/silver mining companies as well.
They now settle trade with scores of other countries in their own local currencies, bypassing the dollar entirely.
All in preparation to replace the dollar as the world’s reserve currency when the time comes (granted, it may not be all that soon).
The point is even Beijing knows that to be the big kid on the block you need the currency backed by something real and tangible and it’s supply cannot be manufactured out of thin air.
But then the socialist thieves wouldn't have been able to pull all that sh*t they did!
Its not if its when. Everyone on FR should be planning their exit strategy if they have not already done so.