What about the government’s destruction of the value of the dollar?
What about the government’s destruction of the value of the dollar?
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imho the dollar is going to be going up for the next couple of years because of fracking oil and gas in the oil patch.
did the fed make fiat money? did the fed create 10 trillion dollars ex nihilo from nothing. yep
here’s the balance you have to understand.
what the fracking revolution has done is create about 50 trillion dollars worth of value in the ground for the USA. That is to say there is now —because of fracking —suddenly 50 trillion dollars worth of shale oil and gas backing the dollar. This value was created ex nihilo from nothing.