/biz/ - Business & Finance

>>50806667
Hard to predict. But China has over 3 trillion UDSs just sitting there losing value and acting as a financial hostage to the rogue government of the USA. They have stopped buying bonds, which means the US government needs to borrow more new currency into existence, and China is buying hard assets like farm land and gold.

And the BRICS are going to issue a competing currency. I expect it to be backed by gold, but in any event it will give other countries a chance to unload dollars and get out from under the thumb of the USA.

And the US government deficit spending continues to spiral out of control.

All of the foregoing are highly inflationary. A severe recession might kill enough bank credit to keep inflation from really going nuts for awhile. Or maybe not.

It's like watching a spinning top that is losing steam and starting to wobble. Hard to say exactly when it topples, but you know it won't be long.