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by orionblastar 24 days ago
When Inflation reaches a certain level and makes the US Dollar worth less than pennies. We have had hyperinflation already, and the US Dollar doesn't buy as much as it once did. I figure around 2030, when the Shit Hits the fan and the US National Debt is beyond paying off without printing up a large amount of money. We might go to the Digital Dollar before that.

https://en.wikipedia.org/wiki/Great_Reset The WEF has The Great Reset to pay off debt from COVID-19, and it might turn nations into socialist nations with universal basic income for those who lost their jobs and can't find work due to factors like AI, etc.

1 comments

We have had hyperinflation already? When???

If you mean the year of 3% inflation with a brief surge up to 8% that we just had, no, that's not hyperinflation.

Not exactly hyper, but it peaked at 15% p.a. in the 1980s
Yeah. Still not hyperinflation, but a lot closer than anything we've seen since.