just a lil FYI to finish things off with...
Having your countries currency be the worlds reserve currency acts as a big hedge against inflation...
The NY Fed can issue all the surveys they want about consumer expectations of inflation in the near term being lower than they are now...
Inflation outlook for consumers falls from record high, Fed survey shows
Wait till 4.5% interest rates hit and we default on THE INTEREST payment on the national debt.
All those pallets of $100 bills all these countries are sitting on will become as worthless as the paper they are printed on...then wait and see what your inflation does...
Not to mention your 401 K, Social Security, Pensions etc...
Best to not put your faith in man made things...
Revelation 9:20
The rest of mankind who were not killed by these plagues still did not repent of the work of their hands; they did not stop worshiping demons, and idols of gold, silver, bronze, stone and wood—idols that cannot see or hear or walk.
(It doesn't say paper explicitly but it's kinda implied)
Not to mention:
FACING CHALLANGES
It comes as no surprise that the U.S dollar is facing challenges. Global reserve currencies have historically lasted in cycles of about 100 years as seen on the currency chart. Fiat currencies have historically recorded an average life span of 27 yrs. The USD has been serving as a global reserve currency for over 90 years, 40 of which as a fiat global reserve currency. If history repeats itself, then the USD is fast approaching its “use by date”. It is little wonder that many are preparing not just for the inevitable loss of the dollar's reserve status but also the demise of the currency itself.
Central Banks across the world are purchasing heavy amounts of gold.1 China and India, the world's two largest buyers of physical gold, are seeing increased demand .2 This comes as a bit of a surprise since gold has historically shown a low correlation with most asset classes and global financial markets have been on a prolonged bull run. Central Banks, however, continue to buy gold at record levels.3
Central and Eastern European Central banks, in particular, have dramatically increased their gold reserves. Countries like Hungary, Poland and Serbia have added hundreds of tonnes to their gold holdings just over the past few years. In the single month of March in 2021, Hungary tripled its gold reserves.4
According to the World Gold Council, the National Bank of Poland increased its gold holdings by 25.7 tonnes in the second half of 2018, and a further 100 tonnes in the second quarter of 2019, which is the largest global single gold purchase of the last decade.
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