I suspect and hope that the purchasing power of the dollar will have collapsed before WWiii gets started.
Reasons for the suspicion:
There are fewer and fewer reasons for united state dollars to be held overseas
some boring reasons for this are given behind the spoiler
Those dollars will find their way home to the last place on earth where they can still be spent; 'murica.
Once home they will dilute the purchasing power of the dollars already there
they will also effect an invisible wealth transfer from the people last in line to get them (who must spend them after the prices of goods in dollars have risen) to those first in line to receive them (who spend them before prices have risen)
printing more paper money does not print more goods and services, it only redistributes those already being made (from those who get the new money last, to those who get it first - "Cantillon Effects" after Richard Cantillon, an Irish banker living in France who described the effects of the first French experiment with paper money and the resulting mis allocation of that money into the Mississippi Bubble and its inevitable bursting)
eventually, people get sick of money prices of goods going up, and refuse to hold on to the money for a second longer than they have to, and a "crack up boom" is the result (usually mis named "hyper inflation"). Think wheelbarrows full of paper money
Things get interesting when all of the welfare checks, all of the gubbermint employees wages, including the wages of all of the cops and soldiers) won't even pay for a burger
All of the state sector pension schemes / national insurance schemes etc are Ponzi schemes . they contain no savings, all of the money has been spent already. The assetts that they supposedly contain are usually gubbermint bonds (promises to tax more or print more money sometime in the future) which become worthless when the paper money gets repudiated - like all other Ponzi schemes, they will collapse.
When was the last time that the united state gold stocks were audited?
the difficulty that the fe'ral reserve banks had with German requests for its gold to be repatriated, or even for sight of that gold, indicate that there probably isn't any reserve of gold in their vaults
All of the people who have learned to depend on the dollar printing presses are going to be very very angry...
will American soldiers sailors and pilots fight for an employer who's pay check won't even buy a burger?
Box contains lamp posts, ropes, tar, feathers, rails, politicians and banksters
-some assembly required
Neither Trump nor hitlery can fix that problem. only a collapse of the dollar can
Reasons for the suspicion:
There are fewer and fewer reasons for united state dollars to be held overseas
some boring reasons for this are given behind the spoiler
- increasingly oil producers are willing to accept other currencies as payment for oil
- America has raised the costs of manufacturing in america so high, that it is now more attractive to manufacture many goods in China - so the "offshore yuan" appears to be gaining ground as a curency for trade
- increased printing of paper dollars dilutes the value of any dollars held
- Low oil prices mean that large holdings of dollars are being spent, eg sovereign wealth funds, to cover the high running costs of oil producing places like saudi arabia and norway
- low interest rates and inflation of the supply of dollars make the holding of dollar denominated government bonds less attractive, so they are also being sold off
- the fe'ral reserve is issuing newly printed money in order to buy us gubbermint bonds, further inflating the money supply
Once home they will dilute the purchasing power of the dollars already there
they will also effect an invisible wealth transfer from the people last in line to get them (who must spend them after the prices of goods in dollars have risen) to those first in line to receive them (who spend them before prices have risen)
printing more paper money does not print more goods and services, it only redistributes those already being made (from those who get the new money last, to those who get it first - "Cantillon Effects" after Richard Cantillon, an Irish banker living in France who described the effects of the first French experiment with paper money and the resulting mis allocation of that money into the Mississippi Bubble and its inevitable bursting)
eventually, people get sick of money prices of goods going up, and refuse to hold on to the money for a second longer than they have to, and a "crack up boom" is the result (usually mis named "hyper inflation"). Think wheelbarrows full of paper money
Things get interesting when all of the welfare checks, all of the gubbermint employees wages, including the wages of all of the cops and soldiers) won't even pay for a burger
All of the state sector pension schemes / national insurance schemes etc are Ponzi schemes . they contain no savings, all of the money has been spent already. The assetts that they supposedly contain are usually gubbermint bonds (promises to tax more or print more money sometime in the future) which become worthless when the paper money gets repudiated - like all other Ponzi schemes, they will collapse.
When was the last time that the united state gold stocks were audited?
the difficulty that the fe'ral reserve banks had with German requests for its gold to be repatriated, or even for sight of that gold, indicate that there probably isn't any reserve of gold in their vaults
All of the people who have learned to depend on the dollar printing presses are going to be very very angry...
will American soldiers sailors and pilots fight for an employer who's pay check won't even buy a burger?
Box contains lamp posts, ropes, tar, feathers, rails, politicians and banksters
-some assembly required
Neither Trump nor hitlery can fix that problem. only a collapse of the dollar can
