Monday, July 27, 2020

Devaluation!

The US dollar is fast losing value. Gold is rising. The stock exchange is rising too, but it is a fake nominal bonanza caused by a worthless dollar. The shekel is maintaining it worth vis-a-vis foreign currencies, but today, the Governor of Bank of Israel, warned that it can fall drastically. He may be planning a devaluation. If America inflates the dollar, we must too.

In the current uncertainty I have been in cash and wondering what to do. Tomorrow I shall buy something.  

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