Don't forget clothing... after a few cycles in the wash all the crisp single dollar bills may feel like a decent linen.
I feel like a lot of context is lost when the fall of Rome is used as analogy for the coming fall of the US. It literally took hundreds of years of bad decisions ranging from financial, political and military mismanagement to finally knock them off the top spot. Is the US govt spending and debt unsustainable? Yes of course. Does the FED like to print its way out of a lot of problems? Yes Does that mean they have completely lost control of the money supply and its all about to implode in the next few months bringing the nation to its knees as the US dollar becomes worthless? No. I think we still have quite a while until we need to worry about anything like that
That's true, but I would expect the market would be giving us some pretty loud signals if we were about to enter into a period of hyperinflation. Maybe it is warning us but I'm too stubborn to hear the alarm. Time will tell
BRICS, Petrodollar, Fed Balance Sheet expansion, Wealth/Asset Concentration, Yield curve inversion, Confidence in political leadership, dwindling military recruitment. The signals are everywhere.
Signals for what exactly? Yes, those are all problems for the US. I agree with that, but, they are not directly correlated to "hyperinflation" which was the original question
The only reason why the USD is not hyper inflated is because the USD is the global reserve currency. Those things are all deteriorating the global reserve status.
Deteriorating global reserve status by a few percent still does not equal hyperinflation. The US dollar is not going anywhere anytime soon. There is no replacnent for it currently. BRICS is a joke. BTC is a joke. The Chinese don't want their own currency hence the strict capital controls so their currency doesn't crash. The dollar has some head winds for sure but everything else is a complete cluster fuck. Nothing even comes close so let's not get ahead of ourselves counting the minutes until the nation falls apart