/biz/ - Business & Finance

I never doubted Schiff for a second

>>16327042
>proof dollar will lose value?
>You have no proof.

The cost of college tuition and the consumer price index is proof that the dollars has lost value. Ask your parents what the minimum wage was when they first started working and there is your proof. I'm gonna assume that you weren't disputing the existence of inflation and instead were talking about the unlikely of the USD collapsing.

To that end, I'll tell you that on any given day it is certainly but it is still possible. In the wake of the 2008 recession, the US considered defaulting entirely on its debt and in response the government considered debasing our currency to pay it off.

https://www.forbes.com/sites/kotlikoff/2013/01/19/the-treasury-has-already-minted-two-trillion-dollar-coins/#382400866994

https://www.investopedia.com/terms/t/trillion-dollar-coin.asp

We have money because the government allows us to have it. If you want to preserve the value of your labor then buy PM because the gubmint can destroy fiat at any time. It's better to prepare for the collapse twenty years too early rather than a minute too late.