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Friday, December 6, 2024
We Are in the Throes of a Currency Event and Few Are Aware of It.(maneco64)
Because of the huge debt levels, and weak economies, many fiat currencies are in trouble around the world, including the US dollar. And, because so many countries are in trouble if one economy, and currency, starts to go, the rest suffer. They all stink. If the US dollar collapses, or turns downward, causing domestic costs to rise, at least temporarily, expect this to put pressure on the Euro, since Europe is also weak, and so they all go down together. Countries outside this Western block will do better.
Mario points out that right now people are putting their money into assets that are not fiat, like Bitcoin or Gold.
[Posted at the SpookyWeather2 blog, December 6, 2024.]
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