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

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yet inflation has been around the 1-3% mark

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according to CPI, which isn’t a complete measurement

For example, the cost of college tuition, the price of real estate, and the price of equities have not increased by only 1%-3%.

Commodity goods have been spared for the most part from these higher rates of price increases, sure. But the increases shown on the M2 money supply chart for 2008-2020 pale in comparison to what we did and how quickly we did it in just one year. The only thing holding inflation back right now from commodity goods is the velocity of money isn’t quite there yet, and the extra money that is in circulation has virtually all found its way into equities and real estate, propagating inflation in those sectors.

In response to the Fed being able to contain this, I’m not optimistic. Pretty sure they just had to print money just in order to buy bonds to prevent yields from going up on those treasury bonds because people think inflation is coming.

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What happens to an individual’s debt when they owe 100k on something like mortgage for a house with a fixed rate?

And the inflation gets so bad that a person’s income is now 100k a month.

That bitch is now paid off in a few months.

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Kind of hard to pay off your mortgage even at those rates when your groceries are consuming 100% of your paycheck.

Learn to speak Mandarin Chinese.

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For example, the cost of college tuition, the price of real estate, and the price of equities have not increased by only 1%-3%

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Education didn't increase because of the dollar losing value, right? It is because the govt will loan money to a bunch of window lickers who have no business being in college. The schools see this and raise tuition accordingly. Same with real estate and mortgage lending, every dipshit gets a loan. They aren't increasing for the same reasons as a loaf of bread.

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Trump was in the process of growing the country out of debt

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lulz, trump was an unfit clown - not that Biden is competent, but pretending like trump was competent doesn't help anything

got gold and some silver

both are legal tender in Missouri and other midlands,midsouth states

you poors in Deep South will be fricked, especially living in blue states

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Where has the terrible inflation been over the last 12 years?

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The stock market.

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but pretending like trump was competent doesn't help anything

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How was he not competent? Too much quiet in the Middle East? Too many people employed? Wages actually rising?

Because hyperinflation is unlikely at the moment, despite the increase in monetary supply, especially if this stimulus plays out the same way as the last stimulus. If anything, it looks like the US and other advanced economies will have to respond to the issues that caused Japan's Lost Decade, where the collapse of real estate and stock market bubbles caused a long, slow decline of Japan's economy. Despite QE employed by the central bank, you still saw deflationary pressures, which combined with low growth, produced because consumers refused to spend their money, corporations were reluctant to invest and banks sat on their cash. Recently I read a paper on QE in Japan that showed good long-term outcomes though.

There are some significant deflationary pressures in the US too, namely, the insane demographic issues that no one seems to care about, with plummeting birth rates among every ethnicity and every age-specific bracket. The one thing that helps the US is that the demand for dollars is extremely high. It is difficult to imagine a world where the demand for dollars isn't high, because most of the rest of the world has their own economic and demographic issues with which to contend.

Mostly drinking and figuring out which neighbors are soft targets.