/biz/ - Business & Finance

>>22436870
One of the interesting things about silver coins in those days... and even more recent days is that PM coins... the money... of many places over a long period have hyper inflated or suffered some sort of inflation. When we talk about debasement people perceive it as a theft of money by the kind or government... and in a way they are correct... they are stealing from the money supply to EXPAND the money supply. And there is proof that even small modifications in metal content caused economy to shrink... to in collapse... to destroy the king is available. Debasement, the EXPANSION of the money supply, leads to hording of the money and velocity of money drops. Nominal changes to value of those coins leads to the same thing BUT at least the people can still hold onto something that IS money regardless of nominal value and the economy can still function though the faith in government is destroyed. Under COMMUNISM there isn't a real, honest example of hyperinflation or debasement from their starting coinage. This didn't mean communism was better... it just means that the money was absolutely worthless to begin with after they stole the existing money supply and changed it. Communism has examples of increased coin weights over time to try to make the nominal value stay put. The communism economic system has been in place in the West for almost 50 years and somehow people don't notice it. After the collapse of the nameless communism there will be new money, WITHOUT DOUBT and it WILL be hyper inflated and this is easy even with a PM backed money - digital or not.

The West is starting into the abyss and they don't know. Most people have literally NOTHING that can act like money. And these leads to only HALF of the population being able to sell their coin slots. We are looking at a potential future so incredibly bleak it's not even possible to imagine for most. It would make Blade Runner look kinda just fine.

>>22402204
Oh, would like to add so as not to be incorrect that the decline of the DOW in 2021 and 2022 depends totally on the close for this year... but to worry about that we need to see a couple week closing below 26000. And obviously if this is going to happen the NASDAQ is going to get pounded going into next year harder than the DOW. This is what super computer says.

>>22204399