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These cycles have been repeating for centuries. ... countries that broke peg with gold standard and introduced fiat currencies go through a five-stage cycle.
Stage 1 is fuelled by optimism ...
In Stage 2, restrictions would be slowly removed from the currency-creation process. ...
Stage 3 is the gambling stage where excessive liquidity makes ...
Stage 4 is the penultimate stage of the fiat cycle. Sluggish growth in western countries force financial institutes ...
Stage 5 occurs when there is hyperinflation, which is ...
Stages 1 thru 3 have come and gone, and stage 4 is in progress.
Stage 5 is speculation, since having the whole world awash in fiat currency has never happened before.
Some experts believe that, instead of hyperinflation, things will just grind to a halt.
Well, even if it loses 99% of it's value it will still be accepted - and collapse would have long since happened.
I shouldn't say it's "free money" exactly - they do have to account for it by adding it to a deficit that will never be repaid.
And the noose tightens.
Our fiat currency will be accepted until.... It won't be.
The group of BRICS nation's is trying to devalue and create a work around to our reserve currency.
Our debt load is increasing at clearly unsustainable rates. (10 years ago it was conceivable that we could right the ship and control the debt, now it's a mathmatical impossibility)
Very shortly we will barely be able to just afford the interest on the national debt.
In the very near future (possibly August or September) there is going to be a nasty political fight about the budget and raising the debt ceiling again. We are about to hit the ceiling and in order to keep it going it will need to be raised again. It's worth keeping an eye on.
Our fiat currency will be accepted until.... It won't be.
The group of BRICS nation's is trying to devalue and create a work around to our reserve currency.
Our debt load is increasing at clearly unsustainable rates. (10 years ago it was conceivable that we could right the ship and control the debt, now it's a mathmatical impossibility)
Very shortly we will barely be able to just afford the interest on the national debt.
In the very near future (possibly August or September) there is going to be a nasty political fight about the budget and raising the debt ceiling again. We are about to hit the ceiling and in order to keep it going it will need to be raised again. It's worth keeping an eye on.
Time to buy bitcoin? Or gold? or guns/ammo/food/fuel and get ready for a bugout? How bad will it get?
Well look on the bright side. The majority of the population would die,and only the toughest would survive. Probably be good,for "climate change", eh?
That is a bright side since my opinion of the human race is pretty low. From the rest of the earth's standpoint a human global economic meltdown would be cause for celebration. Personally I'd enjoy seeing the richest on the planet get ransacked.
There are no other prophecies to take place. The rapture can take place at any time now. Christians will be missing off the face of the earth, along with little children and those who cannot accept Christ.
A 7 year tribulation will occur with the last 3.5 years being the time you need to store up food. If you do not get saved during that time, accept the offer of your creator to live with him in heaven, it's the lake of fire for you.
I plan to prep for about 5 years in case I am not raptured up. Reading the bible and the John Ankenburg Show on Youtube seems to re-iterate it. I look up every verse, memorize the chapters before and after, they;ve not been wrong yet. I listen to the audio bible for 4 hrs each night and do not attend church, never have and have no religious background. Eventually i will need to join a church as the scriptures indicate
"Well, even if it loses 99% of it's value it will still be accepted - and collapse would have long since happened."
Since the Federal Reserve Note (what most people call a "dollar") was invented in 1913, it has lost 96% of it's value. Do you mean 99% of it's original value, or 99% of the remaining 4% of the value it still holds?
How long will the "free money" last? I recently read something that kind of made me chuckle: asking when the USA will run out of money is sort of like asking the Catholic church when they will run out of Jesus. But chuckles aside, so long as the USD is the dominant reserve currency, we can continue printing as much of it as we want. How long will that last? Ask Saudi Arabia and the other OPEC countries that agreed to Nixon/Kissinger's request back in 1971 to only sell oil in US dollars in exchange for us protecting their oil fields and selling them weapons. So long as oil can only be purchased with USD, everybody else is going to need us to keep printing it.
And what about the countries who accept payment for oil in other than USD? Russia, Iran, Syria, Libya, Venezuela, Iraq (briefly, before we invaded). Notice a pattern?
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