In the US, we spend more than we earn. Yes, we print money. But we also rely on other nations to buy our treasuries. That's declining. The BRICS nations are also moving away from using the US dollar as the world reserve currency. That's also problematic.
Currencies have a life span; usually about 100 years. The FRN (federal reserve note) …
In the US, we spend more than we earn. Yes, we print money. But we also rely on other nations to buy our treasuries. That's declining. The BRICS nations are also moving away from using the US dollar as the world reserve currency. That's also problematic.
Currencies have a life span; usually about 100 years. The FRN (federal reserve note) is past due to fail. For fun, search "death of the dollar." If you search on a conventional search engine, you'll get the answer that it's possible, but not going to happen. If you search yandex, you'll get the hidden results that people don't necessarily want you to see.
That being said, there are those that like cryptos, and those that are traditionalists who like gold and silver. All three might be of use if/when they try to get rid of the dollar and launch CBDCs, the ultimate in personal surveillance.
In the US, we spend more than we earn. Yes, we print money. But we also rely on other nations to buy our treasuries. That's declining. The BRICS nations are also moving away from using the US dollar as the world reserve currency. That's also problematic.
Currencies have a life span; usually about 100 years. The FRN (federal reserve note) is past due to fail. For fun, search "death of the dollar." If you search on a conventional search engine, you'll get the answer that it's possible, but not going to happen. If you search yandex, you'll get the hidden results that people don't necessarily want you to see.
Here's a random article that kind of explains it:
https://disciplinefunds.com/2024/07/23/the-death-of-the-dollar-in-perspective/
Thank You for taking the time to explain it to me.
I always felt iffy about paper money, because it is just paper.
During this Pandemic -> Economic Downturn, I have always pushed my husband to spend as much paper money as possible to buy "stuff" we need.
Because we cannot count on banks keeping their doors open, stores might close, or even factories can stop their operation as well.
Glad I could be of assistance. :)
That being said, there are those that like cryptos, and those that are traditionalists who like gold and silver. All three might be of use if/when they try to get rid of the dollar and launch CBDCs, the ultimate in personal surveillance.