I continue to see a slow devaluation of the US dollar.
Many signs are pointing to the collapse of the dollar. Much like in 1929, 1987 & 2008, we've created another debt bubble on so many levels (people, public & private businesses & government debt). We are showing signs of debt deleveraging (low rates, money printing, wealth redistribution & debt restructuring). Unemployment at an all-time high. The USA's debt-to-GDP ratio continues to grow. China joining a trade bloc with 14 other countries and the USA being left out. Recently, the Euro also became the most widely used currency for global payments last month. Not to mention that the US economy is showing signs of an implosion with only but the Fed keeping it on life-support via their QE most recently seen with over $2 Trillion used in purchasing US bonds to fund the stimulus payouts & PPP. Eviction rates slated to be astronomically high in the beginning of January 2021. The CAPE ratio being at an all time high with similar values only being seen prior to the crashes of 1929 & 1987. Not to mention that the rise of BitCoin almost at $20K makes me believe that more and more of the affluent Americans are fearing a collapse of the US Dollar and are seeking refuse via an alternate currency. It's ALL pointing to the fact that our economy might very soon go through another recession or, possibly even worse, a depression.
Now, contrary to prior beliefs I've held firm to, I am now slowly starting to believe that digital currency could very well have a place in the near future and become the major form of currency used both within the US and internationally. I am following the trail of money closer than ever and many signs are pointing towards that.
I think with the inception of SpaceX, the push towards global WiFi, 5G connectivity, NeuraLink etc, it's all pointing to the fact that there will be a need for a new global currency that is easier to do trade with than the US Dollar (not to mention that the attractive aspects of the dollar are fading away given the inflationary practices the FEDS keep taking part in, the lack of faith foreign nations are having with the US Dollar being the FIAT currency and obvious signs that the strength of the dollar is declining as recently seen with exchange rates between dollar & yuan becoming more narrowed). The time of this current world order (established in 1945 after WW2) looks to slowly be coming to an end and I think the next world order will probably be a conglomerate of sorts with a number of foreign players and the AI tech sector being deeply rooted in ALL things.
For now, I continue to diversify my asset portfolio by keeping my wealth distributed across: US & Foreign markets (via index funds), real estate investment properties & REITs, US & Corp bonds.
Sadly, I think the US economy is heading towards some type of catastrophe. I can't tell you the exact play-by-play, because there are so many possibilities, but it looks like this empire is turning the corner and not towards better times.
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