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Reply to "Chance of USD collapse, hyperinflation, loss of reserve currency status, etc"
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[quote=Anonymous][quote=Anonymous]Lately been seeing lots of online "gurus" talking about this scenario as if it's highly likely, especially after the sanctions on Russia. Of course, I take what they say with a large grain of salt since a lot of them are crazy right wingers or those who hate the West and want it to fail. That said, what do you think the chances are of the following - US not being able to service its debt if interest rates rise - USD losing reserve currency status to the Ruble or Yuan - hyperinflation - massive depression on the scale of 1929 or worse[/quote] There is no chance of defaulting, losing reserve currency status or hyper inflation. The pandemic has shown us how fragile our supply chain is. A prolonged global war or deadlier and more contagious pandemic could potentially crash everything on the scale of 1929.[/quote]
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