gotcha. I feel similarly. I do think it's another nail in the US dollar coffin, but other currencies are so much more broken that I don't think it will make an impact any time soon... hence trajectory. 🤷♂️
All currencies are falling in value, but USD is still falling slower than everyone else. For those creators of goods and services, they won't notice because the currency isn't as important as the value they create. They'll exchange for whatever currency makes sense.
The ones that suffer are the ones that are locked into wages. Inflation will continue. Things will get more expensive. Those that can't adjust their wages, will get hurt.
Doesnt mean the end of western civilization, though. I agree.
GrumpyGardener
npub159…pcsm3
2024-06-15 18:28:29
in reply to nevent1q…avhv
Author Public Key
npub159wczz79n0x95p4vq5rggdkhz36u3852n8xfwv3u4ehdylrnr97qnpcsm3Published at
2024-06-15 18:28:29Event JSON
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"content": "gotcha. I feel similarly. I do think it's another nail in the US dollar coffin, but other currencies are so much more broken that I don't think it will make an impact any time soon... hence trajectory. 🤷♂️\n\nAll currencies are falling in value, but USD is still falling slower than everyone else. For those creators of goods and services, they won't notice because the currency isn't as important as the value they create. They'll exchange for whatever currency makes sense. \n\nThe ones that suffer are the ones that are locked into wages. Inflation will continue. Things will get more expensive. Those that can't adjust their wages, will get hurt.\n\nDoesnt mean the end of western civilization, though. I agree. ",
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