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by throwaway2037 1880 days ago
To be clear, you wrote "rapid asset inflation". For middle class and below, that can only mean buying a house. There are no other economically significant assets they own. (Cars are a stretch!) For all other items, is there significant inflation? No.

"IMF is based in USD" -- Are you not familiar with special drawing rights (SDR)? Please explain if I do not understand your comment.
1 comments
RhodoGSA 1880 days ago
Although the middle class may not own futures for metals, plastics, lumber, etc they do own consumer goods. These are the inputs for consumer goods and thus my argument was that consumer goods inflation is soon to follow.

>Are you not familiar with special drawing rights (SDR)

Not really to be honest? but i don't get your point in bringing it up. I know the US has the highest SPR weight by far and that the IMF was created by the united states after we got off the gold standard. My point was that the US has a massive influence on a standard thats supposed to be 'International' and thus controls the Forex and thus 'relative' Inflation. (Our inflation in regards to other currencies as opposed to some real meaning of the word inflation)

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throwaway2037 1880 days ago
"consumer goods inflation is soon to follow" -- Review this comment in a year (or more). Inflation Bears have been wrong for more than thirty years now. They are forever talking about "inflating is coming soon", yet it never does. Show me inflation (CPI) figures in any highly developed economy that demonstrates serious inflation in the last five years. It does not exist.

To be clear about SDR: US has 42%, EU has 31%, China has 11%, Japan has 8%, and UK has 8%. Is 42% > 31% "highest SPR weight by far"... ? All the non-US majors combined... US does not looks so big. It has been falling for decades as the world economy re-balances.

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RhodoGSA 1867 days ago
I can't really articulate it myself why i think you're wrong in such a short format but I found two long form articles below that are relevant to our discussions.

https://www.lynalden.com/global-dollar-short-squeeze/

https://www.lynalden.com/inflation/

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