wow. .. think better stay on island , buy fishing boat and learn to feed myself if your predictions are true.
Anyway, here is some thoughts
1. U.S. Treasuries get dumped by all countries, and COMMODITIES boom to the moon.
When US gets dumped, of course, all items priced in USD will shoot up.
But that does not mean the other currencies will not counter react against usd. Meaning USD/SGD will drop significantly as well. Hence SGD/bbl will not see such a great price appreciation impact as USD/bbl.
2. Not only will the market prices of those 2 commodities be ridiculously high, the actual supply of the commodities for sale will be so limited that there could be NO MARKET for them!
Why is supply limited or No market for commodities ? Supply is disrupted due to supply disruptions like crop failure, war, etc. Not due to collapse of currency.
3. Originally Posted by lazyplane
Everyone will be asking for more zeros in the paycheck, etc.
I doubt anyone will even be bothered if the price of a $2 loaf of bread reaches $2 million in less than half a year! LOL
(And if anyone wants to know how that can happen, just imagine that $2 loaf of bread doubling in price every week for 20 weeks; that's true hyperinflation)
You have answered my point exactly. Will you work for say 10k per month salary if your food cost is going up to $2 million ? No right ? You will resign, get a new job that pays $100million etc. In short, individuals will rebalance to a new equivalent benchmark to survive.
Finally, this post is too negative for me to think further. But i sense you predict the world is going to die, and we are all going to rot etc. And the way you see it, there is no solution, only to suffer.
So if this is your point, then dont do anything right ?
Or if you do have a solution, then pls share.
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