- cross-posted to:
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- cross-posted to:
- [email protected]
The Supreme Court on Thursday suggested the governors of the Federal Reserve were not subject to removal from their positions by President Trump in the manner he has done with other agencies.
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That may be the case, but Powell’s term as chair ends in May of 2026, and I guarantee Trump will only appoint a lackey that will do whatever Trump wants. The end of the dollar is coming faster than you think.
C’mooooon hamberders!
Jpow will just refuse to leave
What’s the best currency to transfer to at the moment?
Gold. It’s a real asset that does really well when the dollar does poorly. In addition, it’s a safe haven for geopolitical risk, which is growing.
Gold is no different than any other commodity. Its price is controlled by all the same mechanisms, but is also limited by physical supply constraints, which usually make it more expensive due to the fact that demand is always higher than supply can keep up with.
This makes it inherently inflationary, as a currency. Which is why it is no longer used as a base value for modern currency. There isn’t enough of it to go around.
Not enough to go around is what makes it valuable, lol.
I suspect when id dollar falls significantly, Bitcoin will collapse. There has been a rise as people look to hedge the dollar but there has not been enough turbulence to really make people feel a pinch, yet. All the pinch has been market internal than international. Tariffs and people offloading dollars may change that but it’s a slow car crash.
Saying that, I thought people would exit us dollar and expected Aus dollar to rise, given it is a surrogate for China, economy wise, but a western country.
Not enough to go around is what causes inflation, my friend. At a certain point, it becomes too valuable for you or I to afford…making our money useless, if it’s needed to buy gold. We would never have enough to afford it.
Oryes, I get that. The way you wrote it, it seemed like the scarcity was why you thought it couldn’t be used as a currency reserve. It still is but in much lower amounts.
Who cares if he can’t fire underlings directly, when he can fire their bosses and put someone in place that will fire those underlings for him?