Remix.run Logo
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.