re: How are y’all preparing for the collapse of the dollar?

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all the sudden Biden is going to frick this up.

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From his own mouth Do you not understand economics?

Hyper inflation will be the reason, like with every centrally managed economy.

Fiat was always doomed when people realized responsible policies wouldn’t yield votes so we could just poof more money into existence and because we are the big bad USA it’ll all just work out

We’ve been lucky that the Fed for the most part has had a handle on inflation even with irresponsible fiscal policy, but that luck is going to be running out shortly. When almost one out of every four dollars in circulation is created in the last 365 days and we have a significantly higher amount of debt than our entire GDP, the dollar ain’t looking so hot.

It may be volatile but anyone not investing at least somewhat into a cryptocurrency portfolio is doing themselves a long term disservice.

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the current administrations attack on oil and gas and pro China trade policy will only accelerated this

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I'm going to push back on this.

The Chinese do not want a weak dollar. Why would they? They depend on us buying their shite.

Their best play is for the dollar to be steady and then to artificially link their money to ours.

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The US is facing a dollar collapse by the end of 2021 and an over 50% chance of a double-dip recession, economist Stephen Roach says

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September 2020

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But does his prediction still apply or are we good now that Bad Orange Man is gone?

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remote peace of land

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There is no peaceful land, so if you can buy some now, you can make bank when the dollar falls.

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Should have bought cardano instead of btc. But ya

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should invest heavily into BTC and ETH but also save some money for the promising altcoin projects

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Are you saying we can continue spending like we are spending and never counter terrible inflation? You're wrong.

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Ok. Where has the terrible inflation been over the last 12 years? There’s been a massive injection of money and government spending over that time, yet inflation has been around the 1-3% mark. We are probably on the flat part of the aggregate supply curve right now, so increased spending won’t affect prices all that much. When it really heats up, the Fed just sells back treasuries, raises IOER, etc to keep inflation tame.

We aren’t some centralized country like Venezuela who rely on a chief commodity to prop up the economy, and when it collapses we have nothing to fall back on so we print our way out of it.