Interesting, thanks. I'm curious; how long do you think it will be before the next effective U.S. default? I'm guessing around 2030/2035 time frame. Another halving of the dollar value officially relative to gold?
My honest read? I've no frickin' clue... I've been expecting this for the better part of 2 decades, and the dollar devalued from officially 100 to 166 now - that's a 40% devaluation. Or via Shadowstats from 100 to 250-350 (let's settle at 300). which means a 66% devaluation.
So I would even argue that this official halving already happened... The way things are looking (shaky markets, gold & silver starting to go mainstream)... I don't think we'll need to wait 10 years before the next "halving" (pun intended).
If I were an oil man looking at the strategic reserve, why the hell would I sell my oil for the current "paper price"?
Something - Wants - to - SNAP!
;-o
<mutters something about nutritional benefits>
Interesting, thanks. I'm curious; how long do you think it will be before the next effective U.S. default? I'm guessing around 2030/2035 time frame. Another halving of the dollar value officially relative to gold?
My honest read? I've no frickin' clue... I've been expecting this for the better part of 2 decades, and the dollar devalued from officially 100 to 166 now - that's a 40% devaluation. Or via Shadowstats from 100 to 250-350 (let's settle at 300). which means a 66% devaluation.
So I would even argue that this official halving already happened... The way things are looking (shaky markets, gold & silver starting to go mainstream)... I don't think we'll need to wait 10 years before the next "halving" (pun intended).
We seem to "halve" a similar viewpoint. 😏