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“Jim Sinclair said the fiat system has broken and we’ll be at $50K an ounce by June of 2019. Course a gallon of milk will be $25 and bread will be $20.”
That scenario suggests the past will continue on. That its possible re more gov’t spending, and bigger national debt. But so far all I see since 2001 and MORE so after 2008, is REVERSALS all over the place.
The DOLLAR has been losing value since 1946 and MORE so since 1970. Entry level tax payer real wages have been MELTING since 1970. Young people can’t spend money, and or pay taxes and can’t contribute to society unless living in China. 🙂
If the reversal theory of mine is MORE widespread than we all think, the Dollar’s long term future, it might GAIN value instead of LOSING more value. The coinage we have is already useless. Ends up in jars and cans.
To make coinage useful, they need to ADD at least ONE zero on all the coinage. Then it will all match the ’60s when a slice of Pizza and a small Coke, a gallon of gas, a pack of butts was a Quarter. New car $1800 to $3,000.
.10 Dime s/b $1.00,
.25 Quarter s/b $2.50,
Half Dollar .50 s/b $5.00,
$1 Note s/b remarked $10.
$10 Note s/b marked $100.
$20 Note s/b marked $200.
$50 Note s/b marked $500.
$100 Note s/b re-marked $1,000.
At a factor of times 10, I’m being a nice guy. Most everything is in the 15-20 times more factor that decades ago. I don’t think you can get a slice and small Coke for even $2.50.