The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Cogito Ergo Sum who wrote (65574)	4/28/2021 4:09:11 PM
From: maceng2	Read Replies (1) of 71463

I was thinking 10% interest rates. Back in the late 80's I was trying to renegotiate a mortgage down to below 10%, as rates were lowering, but my bank wouldn't have it. There was a major crisis on at the time and the foreclosures had skyrocketed. Several of my neighbors got foreclosed and I had a very near run of things. But that was then. What about today? "Gold is the defence, Crypto is the offense" Yep, I think hold both with some cash. With over a year in chaos regarding real work, the commodities scarcity could be a problem. Fiat could be in crisis. Can't see crypto weakening unless the bs regarding fiat is at least seriously dealt with. and this little tid bit explains why The Great Inflation: Volcker Taught Us Many Lessons \| St. Louis Fed (stlouisfed.org)

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