Re: X Post: My thoughts on the coming dollar collapse
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FWIW, I think Borodog is correct here. This is likely what will happen if the dollar devaluates much more in the short term. This isn't necessarily a bad thing though.
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As the dollar drops, consumables that you purchase on a daily / weekly basis will rise. Gas & Food will continue to rise... Not a bad thing? Same paycheck, but your paying ~50% more for your grocery's and gas... I'm not too positive on the depreciating value of the dollar.
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This is absolutely incorrect.
Only imported goods will rise in price such as a Benz, and then 50% is way too high of a figure. You're really looking at 2-3% increase in price.
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Incorrect huh...... think about what you said here in 3, 5, 7 years. A loaf of bread with be ~7 bucks..... Gas will be ~7 bucks a gallon...
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At 2% inflation a year?
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food and energy are no longer calculated in CPI.. I think. Ya the gov thinks were chumps
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