Phat in Message 4 writes:
Gold may be a paperweight in some fantasyland, but fiat currencies are simply paper in other points of view.
And yet in every single country on the planet people are using currency to buy and sell commodities. Before during and after financial resets they continue to use money to buy and sell commodities. People decide whether or not to except the value/price points.
The ways that value is assigned to apples, dollars, rupees, gold bars, and candy bars, is exactly the same.
If buyers and sellers agree on a price/value a trade can be made. I will never agree that a Tesla electric vehicle is worth $250K, so I will never buy one for that price and if enough other people decide that price is too high they will not buy either, and the price will drop until people are willing to buy it.
That is how the economy works.
Phat in Message 4 writes:
My grocery budget is running at least 25% higher than a year ago.
A sign of record corporate profits.
Phat in Message 4 writes:
The value (purchasing power) of the U.S. Dollar is declining.
That's one of those odd things that seems counter-intuitive. When commodities are scarce or cost more to produce (for example because of higher wages for workers) their price increases. This also means that the economy is growing, which economists measure and claim is a positive goal. So, without price and wage increases there is no economic growth and we do know that economic stagnation is not the goal. What you call inflation is actually economic growth. The economy is not a zero sum game. The reason your wages do not keep pace with inflation is because huge amounts of currency are sequestered or removed from flowing through the economy by the ultra wealthy. They remove more value from the economy than they contribute, which means everyone else has to make up the difference.
Stop Tzar Vladimir the Condemned!
What if Eleanor Roosevelt had wings? -- Monty Python
One important characteristic of a theory is that it has survived repeated attempts to falsify it. Contrary to your understanding, all available evidence confirms it. --Subbie
If evolution is shown to be false, it will be at the hands of things that are true, not made up. --Percy
The reason that we have the scientific method is because common sense isn't reliable. -- Taq
Why should anyone debate someone who doesn't know the subject? -- AZPaul3