{"id":66434,"date":"2024-01-09T09:32:00","date_gmt":"2024-01-09T14:32:00","guid":{"rendered":"https:\/\/olduvai.ca\/?p=66434"},"modified":"2024-01-09T09:32:00","modified_gmt":"2024-01-09T14:32:00","slug":"more-golden-and-black-gold-proof-the-dollar-is-totally-screwed","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=66434","title":{"rendered":"More Golden (and Black-Gold) Proof: The Dollar is Totally Screwed"},"content":{"rendered":"
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More Golden (and Black-Gold) Proof: The Dollar is Totally Screwed<\/a><\/h3>\n<\/header>\n
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Ever since day-one of the predictably disastrous and politically myopic insanity of weaponizing the world reserve currency against a major power like Russia, we warned that the USD had reached an\u00a0historical turning point<\/strong><\/a>\u00a0of slow demise and increasing de-dollarization.<\/p>\n

We also warned that this would be a gradual process rather than over-night headline, much like the slow but steady death of the USD\u2019s purchasing power since Nixon left the gold standard in 1971:<\/p>\n

\"\"<\/figure>\n

But as we\u2019ll discover below, this gyrating process is happening even faster than we could have imagined, and all of this bodes profoundly well for physical gold, yet not so well for the USD.<\/p>\n

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Bad Actors, Bad Policies & Predictable Patterns<\/strong><\/h3>\n

Regardless of what the media-mislead world thinks of Putin, weaponizing the USD was a foreseeable disaster which, naturally, none of DC\u2019s worst-and-dimmest, could fully grasp.<\/p>\n

This is because chest-puffing but math-illiterate neocons pushing policy from the Pentagon were pulling the increasingly visible strings of a Biden puppet at the White House.<\/p>\n

\"\"<\/figure>\n

In short, the dark state of which Mike Lofgren warned is not only dark, but dangerously dumb.<\/p>\n

These political opportunists have forgotten that military power is not as wise as financial strength, which is why broke (and\u00a0increasingly centralized nations<\/strong><\/a>) inevitably lead their country toward a state of permanent ruin preceded by cycles of war and currency-destroying inflation.<\/p>\n

Sound familiar?<\/p>\n

Despite no training in economics, Ernest Hemingway, who witnessed two world wars, saw this pattern clearly:<\/p>\n

\"\"<\/figure>\n

We also found \u201cBiden\u2019s\u201d sanctions particularly comical, given that his former boss clearly understood the dangers of such a policy for the USD as far back as 2015:<\/p>\n

\u2026click on the above link to read the rest\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

More Golden (and Black-Gold) Proof: The Dollar is Totally Screwed Ever since day-one of the predictably disastrous and politically myopic insanity of weaponizing the world reserve currency against a major power like Russia, we warned that the USD had reached an\u00a0historical turning point\u00a0of slow demise and increasing de-dollarization. We also warned that this would be […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1099,309,374,31019,659,827,839,3492],"class_list":["post-66434","post","type-post","status-publish","format-standard","hentry","category-economics","tag-currency-devaluation","tag-fiat-currency","tag-gold","tag-matthew-piepenburg","tag-purchasing-power","tag-united-states","tag-us-dollar","tag-usd"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/66434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=66434"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/66434\/revisions"}],"predecessor-version":[{"id":66435,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/66434\/revisions\/66435"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}