“Milk cows eventually become beef cows”. Great analogy, and thank you, Joel, for adding your perspective on Saturdays. And you, too, Dusty!
What bothers me about this international global devaluation pseudo-plan is that I see it rapidly getting away from these geniuses. The dollar has enjoyed reserve status for years, which means there’s an awful lot of international dollars floating around out there. If the dollar denominated inflation rate really cranks up, the rest of the world might decide it’s too expensive to keep carrying Uncle Sam, even if he has provided some modicum of “world stability” (and that’s getting more and more debatable). So when the opportunity to disconnect from a diseased, collapsing financial (or military) system comes along, might not those dollars, formally held as reserves, come back first as a trickle, then a tsunami, looking for something tangible to buy?
And wouldn’t they be competing with one’s already diminishing purchasing power, caused by a bloated money supply? Maybe this “7% inflation” is just the start. Maybe 20% next year?
I can envision decades of financial mismanagement coming home to roost rather rapidly. At least, in Argentina’s case, nobody’s been using their peso as a reserve currency that can then come back and bite them.
Well, if that scenario does come to pass, it’s been a good run. But the suffering in our population that is unfamiliar with, and unprepared for, real inflation will be enormous. Thanks for the continual reminders.
Best of luck with Bonner Private Research. I really enjoy it.
I have wanted to thank Bill over the years for his writings and today is the day. I have found him unique amongst his peers in not only his incisive understanding of his beat but the common humanity always present in his writing, I assume that is his Irish side finding expression. Thank you Bill and continued power to your pen.
Thanks Dusty ,for your school day article,your parents are smart people concerning your education.thanks Joel for making us aware of the real world.Richard
Very good articule 👍
“Milk cows eventually become beef cows”. Great analogy, and thank you, Joel, for adding your perspective on Saturdays. And you, too, Dusty!
What bothers me about this international global devaluation pseudo-plan is that I see it rapidly getting away from these geniuses. The dollar has enjoyed reserve status for years, which means there’s an awful lot of international dollars floating around out there. If the dollar denominated inflation rate really cranks up, the rest of the world might decide it’s too expensive to keep carrying Uncle Sam, even if he has provided some modicum of “world stability” (and that’s getting more and more debatable). So when the opportunity to disconnect from a diseased, collapsing financial (or military) system comes along, might not those dollars, formally held as reserves, come back first as a trickle, then a tsunami, looking for something tangible to buy?
And wouldn’t they be competing with one’s already diminishing purchasing power, caused by a bloated money supply? Maybe this “7% inflation” is just the start. Maybe 20% next year?
I can envision decades of financial mismanagement coming home to roost rather rapidly. At least, in Argentina’s case, nobody’s been using their peso as a reserve currency that can then come back and bite them.
Well, if that scenario does come to pass, it’s been a good run. But the suffering in our population that is unfamiliar with, and unprepared for, real inflation will be enormous. Thanks for the continual reminders.
Best of luck with Bonner Private Research. I really enjoy it.
I have wanted to thank Bill over the years for his writings and today is the day. I have found him unique amongst his peers in not only his incisive understanding of his beat but the common humanity always present in his writing, I assume that is his Irish side finding expression. Thank you Bill and continued power to your pen.
Thanks Dusty ,for your school day article,your parents are smart people concerning your education.thanks Joel for making us aware of the real world.Richard
Why so glum? Be joyful that mankind will finally reset all currencies to a digital currency.
Wipe out all debt and assets! Maybe, or maybe not!
The real question is what the new global money will look like.
It won’t be paper, scissors or rock!