Watched an interesting episode of Kaiser Report where he had James Turk of Goldmoney.com on as a guest. He made an interesting observation and that is that what we call the dollar is really the Federal Reserve Dollar with all US money clearly marked as "Federal Reserve Note". By law the US dollar is 11.5 grams of gold. Should the dollar collapse and the US Congress reclaims their role as money printers and return to the gold backing of pre-1971 leaving Federal Reserve Notes behind in the dust of hyper-inflation then all debt created with Federal Reserve Notes would essentially become worthless in such a great reset. The return to gold with collapsing currencies has been the historic pattern for millennium. The new dollar would be based on Constitutional money not the scam brought into reality in December 23, 1913.
He predicts the collapse to begin in earnest within a 6 month period. Time will tell. Glad for my BTC (including all its children) and precious metals. Meanwhile the central authority continues to send me their inflationary currency as some bizarre prize for making it to my ripe old age. Spending it as quickly as possible on real assets.
P.S. Your post was a great read as always.
Fiat money is the same as a mortgage or car loan....when people take those out, they acquire debt after signing a note.
This means every USD printed results in the dollar having to be paid back PLUS interest. This makes it impossible to have the system ever square up and someone is always going to be caught holding the bag (bankrupt).
I would be careful about buying into the hyper inflation argument since we are in a deflationary supercycle.
That said, you metals will do well in 2021-2023 since we will see a run in commodities and food.
Those should do very well.
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