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<blockquote data-quote="Hypno" data-source="post: 1362664" data-attributes="member: 12416">I think markets like the stock market or housing market will fluctuate and eventually have pullbacks, but if you mean our standard of living I think the gradual erosion will continue.About 10 years ago I was talking to an Australian guy in a bar in the U.S. He was explaining to me that a lot of ordinary things are a lot cheaper in the U.S.&nbsp; Now, some of that is discrete tax differences - Australia has mega taxes on alcohol, as Europe does on gasoline. But he was talking about ordinary things like food and household goods.I think that is the value of the dollar being the reserve currency.&nbsp; We can print dollars and pay for it and those dollars are never spent.&nbsp; But if they all came back on shore, there would be big inflation and our prices would rise.&nbsp; The dollar is slowly losing reserve status and you are seeing inflation in the U.S. rise.&nbsp; As prices rise, the cost of living rises and the quality of life declines.</blockquote>

[QUOTE="Hypno, post: 1362664, member: 12416"] I think markets like the stock market or housing market will fluctuate and eventually have pullbacks, but if you mean our standard of living I think the gradual erosion will continue. About 10 years ago I was talking to an Australian guy in a bar in the U.S. He was explaining to me that a lot of ordinary things are a lot cheaper in the U.S. Now, some of that is discrete tax differences - Australia has mega taxes on alcohol, as Europe does on gasoline. But he was talking about ordinary things like food and household goods. I think that is the value of the dollar being the reserve currency. We can print dollars and pay for it and those dollars are never spent. But if they all came back on shore, there would be big inflation and our prices would rise. The dollar is slowly losing reserve status and you are seeing inflation in the U.S. rise. As prices rise, the cost of living rises and the quality of life declines. [/QUOTE]

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