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Darrin's avatar

I want to ignore my intuition that is telling me it will get worse, much worse.

But that same intuition has been spot on since early March 2020 and IF I had listened to that small

still voice of guidance I would be much better off financially. Now living in Mexico from November-June and PNW from July-October I am astounded how weak the US dollar has fallen. Just like grandparents that see their grandchildren seldom can see the drastic changes, I fear that most Americans aren't comprehending how very far we have fallen, at least half are blind or delusional.

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John Sbrochi's avatar

On a different tangent, but this loss of value in the US dollar is EXACTLY why I expect the Federal Reserve to keep raising interest rates, a Recession (Depression) be damned. If they lose the dollar, they lose ALL their power, and they're NOT having that.

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GregoryPatrick's avatar

Destroying the dollar [all fiat actually] is the goal so they can implement CBDCs

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Jon Stephenson's avatar

Government actions don't suggest they are concerned about cratering the dollar. Nor do they suggest they are concerned about making the U.S. weak and subservient to China.

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Stan_R's avatar

Oh, watch Sticky Fingered Fed Fanatic Omarova - the Wrong Kind of Bank Boss

https://youtu.be/5DEYl3ryop0

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John Sbrochi's avatar

I understand your comments about "the government". But the government is not really the Fed. I'm not sure THEY want to be subservient.

While I think they've done a LOUSY job over the past few decades, I think they always assumed they could afford to placate politicians. I'm less sure of that today.

Of course, I could be all wet - and they'll go back to QE Infinity shortly, but it just feels different to me this time. Time will tell shortly, I think.

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Keyjammm's avatar

Me too, I could've done what many politicians did before the Wuhan spill, invested heavily in Blackrock!

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Fast Eddy's avatar

Agree. I think we are just now starting to see the impacts of the vaccine -- VAIDS is kicking in ....

The final phase is likely when we get a highly contagious + extremely lethal mutation (not sure if Bossche would be ok with calling it the Bossche Mutation ... as he's predicted it)...

Then the serious dying begins. Supply chains will implode -- global Holodomor will follow

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