Grant Williams, Andy Schectman, Matthew Piepenburg: What's Different About Today vs. 1971? 

Yep,... Reminds me of the Seinfeld show where the "financial advisor" was sniffing and had the jitters and was always going to the bathroom.. 8:45 This wild eyed guy doesn't understand how the Euro Dollar and the Petro Dollar, which is just a Euro Dollar by another name (there is no difference) works. The US government, the Treasury, the Fed, US banks et al don't print Euro/Petro Dollars and send them out. They are Euro Dollars created over seas as a medium of exchange. There is nothing to "come back to the US and create hyperinflation". (The Saudi's aren't selling their treasuries,.. they've increased their holdings since last year. And why not when the long bonds are paying 4.5 to 5%,.. and the Fed will soon be forced to cut. I'm pretty sure these goldbugs don't understand bond math and convexity. But if they were selling,.. A. their holdings make up less than 1% of foreign holders of US debt, so B. it would have little impact on the huge US bond market, but C. they'd be selling at a loss,.. much like the regional banks have temporary unrealized losses on their notes,.. until the Fed cuts rates. I would say since the Fed gave them an additional year in the BTFP program,.. the Fed will be cutting rates over the next 12 months.) Back to hyper inflation,.. This insane senile ole joe admin and the demcorats who have unnecessarily and unprecedentedly continued to spend like drunken sailors 50% MORE in 2021, 22, 23, 24,... (all of it criminal deficit spending adding $2 to $3 trillion to the debt each year)...... years after the pandemic was/is over,..... than was spent the year before it started,.... when we weren't and aren't even in a recession or a worldwar,.. is what caused and will cause the hyperinflation. They've been deficit spending 6% (and as much as over 10%) of GDP propping up this anemic fake 1 to 2% GDP growth giving us about 4% reported "sticky inflation. 6% deficit spending - 2% growth in GDP = 4% inflation. These goldbugs are just selling their fear and panic "gold id the only thing that will save us" book.

You act like XRP will be a peg to gold. Saying you know something that isn’t true, is akin to lying.

@@DUES_EX What I love about your comment is that you put enough thought into it that you'll remember it a few years from now, when everything is pegged to XRP.

If they're backed by the dollar,.. why not just use the dollar?

You were already rich to have had the power to buy those metals. I’m 27 and don’t have $270,000 for a 100oz bar. You are just lucky. Crypto made me good money. If you think it will go away , you either old or ignorant.

No.

@@DUES_EX Please explain,.. for the ignorant or elderly,.. why unbacked cryptos, made up in some guy's basement that have no intrinsic value, pay no interest or dividends,.. whose value is determined by the greater fool,... they're volatile so useless as a currency,... they have a long history of fraud,.. dogecoin was made up as a joke,.. please use your phd in economics wisdom and explain why they shouldn't go away.

@@DUES_EX Hurry to ask teen agers questions while they still know everything. The wisdom of older people is they have seen these hoaxes over and over, again and again. Ponzi schemes were invented a long, long time ago. I wish you well grasshopper but hedge your bets. That is not money you speak of, it is digits, that can evaporate. Choosing between skill and luck I will pick luck every time like the luck of being born in America. That truly is just luck. Yes.

What can and is going to take over? You gonna start using yuan and buying chinese ghost city bonds?

@@jcgoogle1808 China does not want to have world reserve currency. Their appetite for our bonds is starting to cool.