Quote:
Originally Posted by The Demon
Well, it's what I have my money in, I truly believe it's going to happen because it HAS to happen. There's no other way to go about it. The deficit spending will lead to the dollar being removed from being the reserve currency, and the treasuries being flooded back here.
Furthermore, what you're saying isn't evidence of what you're claiming. For some reason, and nobody can understand why, when people fear our economy is in the shitters, they throw their money into the dollar, mainly bonds. When they decide to be greedy, they sell off the dollar for foreign investments. Again, I don't know why that happens, but this isn't an indication that the dollar is getting stronger. It's an indication that fear and greed dominate our economy and when shit starts hitting the fan, people act irrationally.
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I think we agree on many things that might not be apparent.
I agree that long term, there will likely be pressure on the dollar and that bonds will decline (higher rates). I agree that gold in the long term will likely move much higher. I agree that fear and greed dominate. I would add that ppl act irrationally whether the shit is hitting the fan or not.
But contrary to one thing you said, I think there are people who understand why deflation occurs and what the results are during deflation.