Jack Straw
@JackStr42679640
The dollar is nearing the end of its life cycle. The US Treasury yield curve is telling us that we are near an imminent recession.
Many economists are getting on board with talking about inflation and how it will affect the dollar. We can expect many conversations to begin turning towards the metal (Gold) markets going forward.
There’s a great deal of conversation going forward in moving from and income tax to a “consumption tax.” This process is under consideration inside a Gold Standard.
A consumption tax is a tax on what people spend, rather than what they earn, and is usually levied on the purchase of goods and services. Consumption taxes can be paid directly or indirectly by the consumer and can take several forms, including:
Value-added tax (VAT): A tax on the value added at each stage of production and distribution of goods and services.
Retail sales tax: A tax collected on the purchase of goods and services when a consumer purchases the final product.
Excise taxes: A type of consumption tax.
Tariffs: A type of consumption tax.
Consumption taxes are generally considered an economically efficient way of raising tax revenue and tend to be relatively stable over time.
There’s a strong expectation that after our US e******n the process of the dollar debasement, loss of confidence in the dollar, and the transition of the dollar will begin to take on a new role in the new digital asset based trading system.
