The level of gaslighting and gayop-ing needed to sustain this country is actually insane

submitted by cisheteroscumWhite Nationalist from self.debatealtright

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[–]TheJamesRocket 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

Regardless of that reality, because of the lockdown people haven't been buying shit as much. Many people are scared to go out and buy stuff because of virus fears, but once that opens up we're going to see insane inflation.

24% of all dollars were created in 2020. It's very possible we see 30% inflation in 2021

Thats exactly right! I'm glad to see that others get this. The money supply increased enormously in 2020, due to the Federal Reserves use of quantitative easing. This would normally result in high inflation, but that didn't happen last year. Why? Because the velocity of money remained low. People weren't buying anything, they held onto their cash. That meant there wasn't as much money in circulation. The moment that people start spending their money again, THAT is when the inflation will kick in. It is a delayed effect, you see?

I was predicting a currency collapse to happen last year, but I missed the mark somewhat. Once the U.S. dollar experiences high inflation, people won't want to hold onto their money because it is losing value. So instead, they will quickly spend whatever cash they have on hand. This will increase the velocity of money further, and worsen the problem with inflation. This could get very ugly very quickly. It might well end in the collapse of the U.S. dollar. Right now, it only maintains its status as a world reserve currency because all other currencys are junk in comparison.

However, Russia and China are beginning to invest in gold backed currencys, which will have an unknown effect on the monetary system. If the U.S. dollar is dethroned, then that will mark the end of Americas financial dominance.

[–]LetssavethefirsworldReturn to Jesus 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

Once the U.S. dollar experiences high inflation, people won't want to hold onto their money because it is losing value.

Everything up to this point I completely gree with you. People are too stupid to realize the dollar is getting crushed. The CPI is going to change the definition again because of the "NeW nOrMaL" and inflation won't look that bad.

The collapse of the dollar will happen when people lose faith in the US Government, itself. Which honestly we're probably 5-10 years from that point. People have to be so jaided from the political process to revolt and we're at least 2 and likely 3-6 election cycles from that point