Originally Posted by
Sanlmar
There are so many elements that make Dillon work. Example #1: He was a mortgage broker. He got his own mortgage called in 2008. It goes on and on. He is just a delight.
The dollar is strong against Japan and the Euro. Perhaps you are unaware of the utter collapse across the pond.
Example:
Sure Germany will be reading by candle light and burning furniture for heat this winter. . That’s understood. Their manufacturing is dead without imported (Russian) energy. Can you imagine? They are also a demographic (old) nightmare. Just fucked. Does that help the dollar? Really?
The whole globalization liberal world order thing is over. You don’t need a world currency like you did at Breton Woods. Unless there is another war or great reset.
50 years? The recent run was 50 years. You have absolutely no idea about 50 years. All I care about is the next 10 right now. We are dialed in. Gonna be epic.
But let us not spoil the moment and just enjoy the rant.
I’m aware of the broader performance. That said I’m not going to lose sleep about USD vs the south African Rand….. at least for the moment.
You need multiple currencies if you want to play currency games. That’s what’s taking place right now. Do we need multiple currencies to conduct a world wide economy like Mt Washington fed days…… no. I think Bitcoin has a chance to come out on top in the long run as a result. It sounds crazy but it’s legitimately perfectly placed.
I have no idea (nor did I say) it’s going to be 50 years. Or 40 or 30 or 75 for that matter. I’m just saying that Pooh is right that we may be surprised how long the ponzi can go on for.