Levi’s out on this one.
tl;dr Thanks to the runaway Fed, 1 out of 3 dollar bills in your pocket has been printed in the past 12 months.
Look at the stock market. The dollar is rapidly devaluing to nothing and many “luxury items” are really just stores of value.
The dollar has BEEN worthless for many years, but it’s taken Covid and printing 30% + percent of all bills in the past 18 months alone for people to finally lose faith in our stupid fiat currency.
The stock market, luxury items, cryptocurrency and precious metals aren’t going “up” in value. The USD is worthless and the buying power AND faith in it as a global currency has evaporated.
However, as a consolation to Levi and pin owners, the bubble won’t “burst” the latest stimulus laws about 1099’ing digital payments and the recent changes in how the fed actually reports how much money they print have been setting up for the debut of the Digital Dollar. It’s not a crazy theory, dozens of other countries already have their own digital currency and the US one will roll one out too.
