A log chart makes it clear - we don't have much time...
Here is the real bubble
Started by
steadyquest
, Jun 01 2024 11:16 PM
3 replies to this topic
#2
steadyquest
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Posted 02 June 2024 - 12:59 AM
That chart was broken somehow - I think this one is okay. Guess we have plenty of time - shouldn't even hit 100T until about 2039 - and it's only monopoly money anyway. Thank goodness (and Nixon) it's not backed by the promise of gold or silver.
#3
Douglas
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Posted 02 June 2024 - 01:29 AM
Steadyquest, in "real money" the 1966 deficit has only gone up by 50% in 50 years, from about 10 billion ounces of gold to about 15 billion currently. The real bubble is in fiat, worthless paper.
Regards,
Douglas
#4
steadyquest
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Posted 02 June 2024 - 10:42 AM
"The real bubble is in fiat, worthless paper."
Agreed - that's why I jokingly thank Nixon that we won't have to repay that debt with 2.86 trillion ounces of gold (100T / $35).
