When you run the world’s reserve currency, THE highest priority is to make sure that you are an honest broker from a commercial point of view. You don’t steal peoples money, otherwise you absolutely undermine confidence in that system, or else destroy it altogether. If you are going to take money from a sovereign country as a punishment for initiating a war, then you need a legal process for doing so. That usually involves a treaty at the end of that war. It does not involve taking money from a nation with which we are not officially at war, and never have been. In my opinion, the people at the top in the Federal Reserve, the Treasury Department, and elsewhere in the government with the exception of the senile, corrupt, hair-sniffer) know this very well - heck, I am a mirror finance and economics major from 40 years ago, with an interest in history, and I know this. Yes, of course they are incredibly arrogant. But they KNOW this, yet they continue doing what they are doing. This is not an accident.
My personal course of action is to do what people did during the inflation of the 1970s, which is to put our increasingly worthless fiat currency into hard goods of one type or another. This might mean Buying a larger home, fixing up or expanding your existing home, purchasing a new car, a new refrigerator, stocking multiple freezers with meat, or buying gold and silver as hedges. At this juncture, Bitcoin might also be an option, Especially as it is easier to carry from place to place than Gold and Silver are.
Apologies for the minor typos, and the unexplainable use of the word “mirror“ in my post. Apparently, Siri must be an illegal immigrant who does not understand English very well.
course of action is to do what people did during the inflation of the 1970s, which is to put our increasingly worthless fiat currency into hard goods of one type or another. This might mean Buying a larger home, fixing up or expanding your existing home, purchasing a new car, a new refrigerator, stocking multiple freezers with meat, or buying gold and silver as hedges.
————-
Amen brother, but you had better nix the Bitcoin option. Do you really think when a nation has its own sovereign digital currency, it will not abolish the competition?
Do note, China forbid Bitcoin in their country. They have developed their own CBDC, they will not tolerate “ competition “. The day is coming when Bitcoin will be abolished, first through high taxation, then ridiculous reporting requirements, then ridiculous selling requirements…..they will not forbid buying, but will destroy the selling mechanism——think Hunt Brothers.