This morning, in the news: Russia is dumping their reserves of $186 billion dollars in favor of Euros, Yuan and gold. The drift of the article is that this will hurt the U.S., which it won’t. What the author apparently didn’t want to mention is the real reason Russia’s doing this, which is that Dollar inflation is now on the rise and expected to get a lot worse, and they want to cut their losses.
Hanging on to large Dollar reserves now makes poor sense, though buying Yuan with the money may not be a good plan either, since the value of Chinese money may also drop like a rock if another Great War erupts and China is devastated along with all the rest of us.
Those running the carnival we now call our government are the same people who always have run it, power mongers and greedy bastards who only look after themselves but happily form cabals to get rich together, and the more the Dollar craps out, the more wealth they lose too. So I don’t expect to see any really massive Dollar drop. It will be bad enough for those with savings, as it is.
Smart ones like Bill Gates have moved their money out of Big Tech and are buying land. Gates is now the largest holder of farm land in the United States, besides being heavily involved in the vaccine genocide that he’ll make $billion$ from.
It’s not too late to divest yourself of too many dollars and put your money into something that will keep up with inflation. Precious metals, land and some stocks if you’re into the stock market, are the way to go now.