InvestorsHub Logo
Followers 16
Posts 14131
Boards Moderated 0
Alias Born 01/18/2010

Re: SeaBlue post# 19274

Sunday, 05/19/2024 7:37:24 PM

Sunday, May 19, 2024 7:37:24 PM

Post# of 19732
The George Gammon video you posted IMO was VERY revealing and eye-opening. I believe what he was saying is a precursor to what could happen in the U.S. eventually. The dollar, like the Argentine Peso, won't completely go away, it will just almost be worthless and a pain in the ass to use, because if fiat isn't transferred to numbers on a computer screen we'll be in the same boat as the people in Argentina. Paying for things with stacks of paper fiat money. I don't see that being a feasible alternative. Not only that the inflation will be so high I can't see people here putting up with it. We're not hyper-inflating yet like in Argentina, but at some point, we could be. I still believe that physical gold and silver can and will be an alternative source of real money, even if it's not accepted in a general way. People are going to want to have it as an "anti-inflation" asset. Those that have it, will use it, and those that don't, won't.

I also was surprised the money changers in Argentina weren't accepting $20 denominations, like you I would have thought they would have been more in demand from the common man. I think George G. said he was dealing with drug dealers, so maybe they only wanted $100 bills.

The people that don't have phones or computers will just be fucked I'm afraid. The Powers That Be could care less about them anyway. The Banksters always say they want to help the poor and disenfranchised, but they do the opposite with their actions. The rich get richer, and the poor get poorer. That's a direct result of their policies.

Who knows how long the dollar will stay afloat, but at some point in time the fiat dollar is going to have the same outcome as all forms of fiat before it and that's a loss of faith in it. I don't really want to see it happen in my lifetime, but I'm going to be prepared if it does.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent FFMGF News