How much longer before the dollar completely collapses...

Whats crypto and whys it good

TIME TO BUY RICE NOW

Has any other fiat currency held buying power significantly better over the same timespan than USD? if so which?

probably but not with the same population increase

>average wage in 1972 was 3 dollars an hour
>average wage in 2012 was 19 dollars an hour
why are fed conspiracy tards so dumb?

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>$20 worth of groceries will last you less than a few days
>$20 worth of bullets being fired through the skulls of politicians, CEOs, and bankers will effect the system forever

Now here is 1 million refugees to take all the entry level jobs and steal your shoes. Enjoy!

Explain further, kind sir. Never got into bonds.
Here's a question. Will it just be the USD that collapses? Will other currencies be mostly solid? Some losses, sure, but the won't all simultaneously collapsed.

Anyone who thinks the US economy is going to collapse is fucking retarded. Sure, there might be a recession, or some kind of crisis. We have them all the time. The savings and loan crisis, the third world debt crisis, the municipal bond crisis, the dot com crisis, the sub prime crisis. We do this every 10 years or so, it's an american past time. And it's always behind us ~6 months later. The US economy as a whole can't crash as long as it's backed by the raw value of the United States itself, which is far and away greater than any country on the planet. That's what happened when we went off the gold standard, dollars stopped being backed by a physical commodity and were instead backed by the net worth of the entire nation.

Fuck no, jesus H christ. The US economy is the engine that runs the world's economy. Any economic downturn here hurts the rest of the world more than us. Look at Europe and China in the wake of 2008.

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apologies
*they won't all simultaneously collapse
Very early in morning.

inflation is artificial the system is unstable its all gonna crash maaaaan. its all a ponzi scheme!!!
funny how fed tards never mention the BIS just goes to show they just eat what their FED.

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So USD is still the best form to keep your money in? Or, an investment vehicle counted in USD, either way.

Of course. The Chinese agree. We're about due for some kind of downturn, been 10 years since the last one anyways, although trump's economy is doing very well. Still, that's just a good excuse to buy more.

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2022-2023ish is my wager

Showing results for
Average wage
1972 = $7,134
1992 = $25,903
2012 = $44,322

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now convert all those to work time needed to earn that 20 dollars.
>5, 3, 1
rly made me think

72 cart has 10x at least the items as the 2012 cart

>a dumb meme image made in paint is accurate data

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why not? to some people a fictional story written by some jewish girl is proof her political ideology was right.

Stay poor

you can do a contest with them to see who is the dumbest

Lol median wage is a much better metric. Remember there’s guys that make multi millions that screw the number

Inflation used to be counterbalanced by deflation. Look at the 19th century price levels, they were practically flat for 100 years.

OP, your pic is deceptive. Although discussion on inflation is a valid and interesting topic, the percentage cost of food in the 70’s was much higher than it is today.

In other words, it took a larger percentage of your paycheck to purchase groceries in the 70’s as it dors todsy.

Today, housing takes a larger percentage of a workers paycheck than did in the 70’s.

Industries fluctuate and prices change throughout time

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The dream right here tbqhwy

I think 1992 still stands. You're only going to get that little if you're buying over priced stuff like a retard.

I can get a lot of good food with $20.

Well, at least you can buy yerba mate Taragui.

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10 & 30y

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You don’t understand how economics works bro. While yes a 20 would have bought you more shit 50 years ago it would also be much harder to come by

I can't even see what is in the 2012 cart, one bottle and 2 packages???

I give it about tree fiddy years

Also they're not called dollars, but Federal Reserve Notes.

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>The US economy is the engine that runs the world's economy
The USD is the favorite currency. Big difference. This can change very quickly.
The American market is only 330 million people, and we don't make anything anymore other than lawyers and bankers.

Dollar will collapse, if China manages to establish non-dollar-denominated sphere of a considerable share of market. The money mass will rush into the remainder, which will flush dollar through all world markets.

They already have some initial preparations done, and Sanctioned countries like Venezuela, Iran or Russia look forward to it

And Plusbelle Manzana.

Also
>the virgin Targüi poser drinker
>THE CHAD CACHAMATE GAUCHO

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*petrodollar will collapse.
There will be a fight between open source public ledger blockchains with a variety of cryptos and closed private blockchains used by government as well as a third tier used by corporations. The public will want less restrictions and free market dictated trade, the governments will want everything held on the record which like a social credit score as implemented by china, will lead to ever increasing government control.

A gold backed currency is best. The last person to try it was killed. If enough countries try to implement it will lead to global financial collapse for the short term but we will all be better off in the long term.

For now, keep a weathered eye on the Yuan, the aussie dollar and the Yen.

lmao, hadn't noticed the Plusbelle, good one.

>t. kike
good one kike
better we support either the neocon or the nazis
both your puppets
you evil kikes

Fuck dude, 3 USD was probably worth 3-4 times from what it is now.

We also have the advantage, however, that the only viable alternative to the American dollar is the Chinese Yuan. As much as people hate America, most fear a world order run by China, and rightly so. Even some African leaders have said that things were better under the eurocentric order than with China's hands in their country. Plus China wants to export its culture of oppression and control, which many nations don't want. Even some dictatorships chafe at the idea of Chinese ruling the world. And they would if the reserve currency switched to China.

Better the Devil you know, than the Devil you don't.

Besides, other countries have tried to switch off the dollar. Why do you think we really went into Iraq after 9/11? Oil was part of it, but the real enemy (and WMD) was the Euro.

(Cont'd)

dude how does inflation work lmao fuck capitalism!!

Food price in % of household income has continuously gone down since the 50s not up you fucking retard

When Saddam switched off his oil market from the US Dollar, it sent shocks through the US economy in 2000, and since he made the Euro the reserve currency, the EU economy saw an increase in strength. Needless to say, when 9/11 happened, we had an excuse whole hunting Osama to go after Saddam. Sure as shit stinks, when we installed the new friendly government, among their first acts was restoring the Dollar as the reserve currency.

In practical terms, this is the real reason. The US is in the Middle East. Controlling this region by threat of military force not only guarantees our oil supply, but ensures no OPEC country dares to switch resrrve currencies (this is what Trump was alluding to with regards to the Saudi king, though in Saudi Arabia's case it would be us pulling out instead and removing our military's protecty if the royal family from the angry populace.)

(Cont'd)

We’re discussing this already in this thread, for why is this happening:

Think about it. How the hell does a country like the US have such a strong economy, relatively speaking, when we produce nothing, or almost nothing, for export, aside from more expensive high quality goods that only the higher echolon of society can buy? It's simple; OIL PRODUCTION = FOOD PRODUCTION + MILITARY POWER. Because US Dollars are needed to purchase oil, countries (including those that hate us) are forced to do business with us, or starve. This means we can set terms.

What terms, you ask?

Terms of surrender, of course.

The US de facto rules the world, because we won't spend our money on foreign markets (and thus give them the means they need to secure their populations survival) unless they give us business terms and climates that Unilaterally favor us. And we back up that power with our military, pointing figurative guns at the Middle East's head to ensure compliance. Don't be fooled by China's chest beating over the trade wars; they are hurting for US Dollars, and without them may face economic slowdown, loss of food production/buying power and eventual instability, AND THEY KNOW IT. This, incidentally, is why you see rich Chinese fleeing the country. They see the writing on the wall.

TLDR; stop worrying, the US economy has plenty of geopolitical failsafes/economic necromancy to keep chugging along for quite a while.

Never. When the old dollar becomes worthless we'll just print new ones ;^)

>10 yr is already at 3.2%, won’t be long before the derivatives fail

Government bond yields are surging.The 10-year Treasury yield is up to a 7 year high!

>our currency is now backed by the value of the U.S. itself
No.
Our money is backed by the promise that we will bomb any country that tries to buy oil in a currency other than US dollar.

The fiat US dollar only has value as long as people believe it has value. If a foreign country worries that it won't be able to get oil without using USD, that creates a value for that country.

Oil is valuable
Not getting bombed is valuable
Therefore the USD is valuable

Ignore the guy telling you to stay poor.

If you expect some kind of financial crash, there has been generally two ways to make sure your earnings stay viable: buying land or buying gold. Both are assets.

You want to buy a home or some farmland? Not a bad investment, as assets are real wealth. However, you can't parcel out a home. You have to sell it in one go, and who knows how long might pass before someone comes along and buys the house from you. Lots/Land has less of this problem (technically), since you can literally sell pieces of land, but unless people are all turning back to subsistence farming (in which case you're better off just leasing or renting out the land), people are going to use it to build homes. And if you're in a financial crisis, not a lot of people are going to be building homes.

Gold is great. If you can get your hands on it. Much more liquid than real estate or land. However, after maybe 100+ years of fiat control the authorities know how to control the gold trade. In a financial crisis they'll do as much as they can to limit how much is traded.

So your options outside of gold and land is crypto. You're gonna have to do your research to see what kind of crypto is worth holding/trading, but you will 100% see cryptocurrency rise to prominence in the next financial crisis. Right now it's impossible to tell which ones will rise to the top, but there are some very promising projects out there.

The last option for you is investing in yourself. If you've got skills that are essential you will never go hungry and can almost always be comfortable.

I'm not going to tell you that learning a good skill and buying crypto is the way to wealth. But I will say that you should aspire to have invested in all of the above.

try again

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This. Also, my compliments for putting it more concisely than me, I have a tendency to ramble on.

>The USD is the favorite currency. Big difference. This can change very quickly.

No it can't lol holy fuck. The USD is favored because it has insane liquidity, which can't be said of the EU or the Ruble or the Yuan or the Rupee or all of these currencies combined into some kinda faggy "Eurasio"

How do we reverse this trend? Revert to a sliver standard like the fuhur?

now do the euro

Ask canada

>How do we reverse this trend?
We don't want to "reverse this trend."

I pulled out of the market on Tuesday and shorted index ETFs as well as moved into government bonds. I and the elite want these 10 year recessions, that's how you make the real money.

>mfw this thread
>mfw im argentine

You make a good point

i made the argentinian version

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top kek

Fug, maybe I should plan a trip to Argentina. My dollars will go far for a couple days.

Based but sad. Sorry Argie bro.

According to a calculation someone posted, $20 in 1972 is worth $119 in 2018 dollars.

That's 6×

the minimum wage here is about 258 dollars, so you can literally live like a king for a month with 1000 dollars

Based petrodollar poster

I like your way better. Lots of details and a logical progression that makes it easy to understand. Based AF

Never, actually. A sovereign monetary authority cannot be forced into involuntary default. This is just a simple fact of monetary economics.

It's also useful to try and understand the concept of real and nominal. If your food costs rise 5% in any given period, but your income rises by the same amount in that same period, you're experiencing only nominal inflation, not real. I understand this is a hard concept for many of you, but it remains a fact, no matter how much money you squander on crypto.

Look at the proportion of household income devoted to food in 1972 and today. Food costs actually account for a smaller share of household income today. For that matter, just look at the number of lardasses you see in public and tell yourself that people can't afford food anymore.

>Jow Forumsfags are literally so fucking braindead that they don't understand the concept of inflation
AHAHAHAHAHAHAHAHAHAHA

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Yes goyim, trust the CPI data! We'd never manipulate it to make ourselves look better.

The Fed has been giving away money for free for the last decade. When the music stops, shit is going to hit the fan. Asset prices has been inflated by QE. Literally every adult is fucking worse off than before the Obama years, except for their inflated stock portfolios which will get unequivocally fucking JUST'd as soon as the FED is forced to cut interest rates again.

That pic is abour Argentina btw.
You can tell because of the brands inclyding yerba mate guarani. Its about the peso devaluation.