weekender21
Well-Known Member
At some point our monetary system has to fail. You just can’t keep printing money. It’s happened to almost every other country in the world, so why not us ?
My former business partner worked in Brazil for a couple years for a US based company. He said everyone woke up one morning and the government had moved the decimal place (on money) two places TO THE LEFT ! Think about that a minute. Your $100 bill was immediately worth $1. He and some other guys played poker every Friday night, he said he carried his money in a suitcase. They played with cruseros, not dollars, because that was the currency they used in country, even though they were payed in US dollars.
I hope this is not that, but it very well could be if it goes on long enough. Meanwhile, I’m keepin’ on keepin’ on as they say. Everyone stay safe !
I agree. At some point our fiat money system will likely fail or at least be drastically devalued. Also hoping this isn’t it!
The only thing I know that’s value climbs inversely to the dollar are precious medals.
I just read this opinion piece today.
https://www.bloomberg.com/opinion/a...ronavirus-alone-didn-t-cause-the-market-crash
Sent from my iPhone using Tapatalk
Last edited: