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Best prepare your household I reckon for what may eventually come down the pike.
Even if we try to keep the dollar a float through war, I don't know if we have the supplies and the military capable to support such a war. I heard recently that both military equipment and recruitment are at all time lows in the US.
Resident Conspiracy Theorist Accused Moron, Nazi, Low IQ, and Putin Fan Boy
Once the US dollar is no longer the world's petrodollar, it's going to.get ugly fast.
FWIW, Russia, China, India, Saudi Arabia, and Pakistan all just signed a joint security and economic resolution, and energy sales in yuan have begun.
We'll see WW3 before the leaders of this country can let US dollar fail
Tend to agree Yes Sir, but how and with what are we going to fund it? We’ve already sent money and arms to Ukraine. I don’t know what our capability is currently.
Resident Conspiracy Theorist Accused Moron, Nazi, Low IQ, and Putin Fan Boy
Their policies and greed have almost destroyed this country but the power they want over the world will have them needing to have their dollar as the bench mark. Their greed is cutting them on both sides.
Tend to agree Yes Sir, but how and with what are we going to fund it?.
Easy peasey, they'll just print it!
It took 215 years for the US to reach $7 trillion in debt. It then took only 27 months (March 2020 - June 2022) to add another $7 trillion.
Thanks DaveP! But if the petrodollar fails, then they won’t be able to print money that is worth anything, inflation will skyrocket correct? Say worse case that does happen, what is the best thing to do with money in the savings account right now?
Resident Conspiracy Theorist Accused Moron, Nazi, Low IQ, and Putin Fan Boy
Thanks DaveP! But if the petrodollar fails, then they won’t be able to print money that is worth anything, inflation will skyrocket correct? Say worse case that does happen, what is the best thing to do with money in the savings account right now?
No idea, but yes, inflation will be BAD. Tangible goods? We have zero debt, a little land and some equipment, and a BIG garden, lol.
Chicoms buying gold like it's going out of style, that may be a clue.
Thanks DaveP! But if the petrodollar fails, then they won’t be able to print money that is worth anything, inflation will skyrocket correct? Say worse case that does happen, what is the best thing to do with money in the savings account right now?
No idea, but yes, inflation will be BAD. Tangible goods? We have zero debt, a little land and some equipment, and a BIG garden, lol.
Chicoms buying gold like it's going out of style, that may be a clue.
I’m betting food is gonna get very, very expensive within two years.
Resident Conspiracy Theorist Accused Moron, Nazi, Low IQ, and Putin Fan Boy
US is soft. We hold it against other countries if they dont live up to our expectations. China doesnt care - they support any country for what they have to give in return - they dont care about how the other country treats its people. Not saying you shouldnt have morals - just saying in this day and time - there are consequences if you do. China is putting all the pieces of the puzzle together, while the US is throwing pieces of the puzzle away.
This is where I think we'll be headed if the petro dollar fails. Gonna need good friends, family, and neighbors that have all sorts of skills. I can trap a bunch of stuff for food, and know just about every wild plant for food and medicine, and am pretty handy with a big garden, but I can't weld, mechanic, or do carpentry for nothing. Be a lot of bartering going on, I reckon.
Resident Conspiracy Theorist Accused Moron, Nazi, Low IQ, and Putin Fan Boy