We don't actually have a choice. They've ruined the dollar. Even France -- FRANCE -- is turning away from it.
China floated the idea of using the Yuan as the reserve currency instead of the dollar. Now they're simply asking countries that do business with them to do it in Yuans. What they can't get by acclamation, they will get by practicality.
I'm not going to pretend I understand international finance, but they great minds are all saying that we can only run up the deficits and the debt that we do because the dollar is the reserve currency. Take that away, and our house of cards comes tumbling down. So China, who would love to take down the Western World but doesn't want to lob nukes all over the place and suffer a nuclear winter that would be suicide for themselves, can take down the whole Western World by taking down the US economy.
I love this country, but Biden's and the Democrats' spending has destroyed it. And pumping endless billions we don't have into Ukraine doesn't help, either, even if we could somehow reverse the effect of the bills they've already passed. We are, as they say, toast.
Invest in gold. I told my husband to do it years ago, but he wouldn't listen. If you have anything to spare, use it to buy gold. It's the best hedge against inflation.
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