i am of the belief that team usa can keep printing because team china also needs to print
while the mutual massage is 'good' for the usd, meaning it will hold value against rmb, even as yen and euro are not as worthy as many believe them to be, all paper will lose on almost continuous basis against the one, the true, the eternal, and the gold.
so, yes, usd and the empire that issues it has extended life due to engagement with china, even as usa residents pay more import tithe to own officialdom while china continues to output goods needed by all for less, the extension cannot be indefinite
i figure 7 - 15 years, and then
sudden cardiac arrest
in the mean nasty time, gold should do ok, then better, and then, the grand finale, zero state global monetary reset
that is when we get our bell ring to exit gold, by off loading that which we once valued on to trembling hands as we grab the real estate from under those same trembling hands.
per thread script, in tune with premise, but require watch n brief
so, in above sense, i agree with russell, and his basic stance, that of cash, gold, ocean frontage, warm weather, and no debt |
