| ▲ | AnimalMuppet 2 days ago | |
20x inflation in 10 years? I don't see it. Even unwinding the petrodollar won't do that. | ||
| ▲ | mikewarot 2 days ago | parent [-] | |
At some point, the only thing that will arrest the fall of the dollar will be backing it with gold, at a MUCH higher price, such that all the dollars outstanding match our gold reserves. It would be somewhere between $50,000 and $150,000 per ounce. | ||