medicalgreen
Member
Many people are talking about this. The dollar is losing value rapidly. The cost of goods and services are going up, up, UP! Gas is higher, and so is the cost of foods. But are prices really going up? Or is the dollar losing value?
When a currency loses value, the cost of goods and services increase. The cost of gold and silver have gone up, since 1 year ago, from $19.00 an ounce for silver, to over $34 an ounce today. Gold was $1000 a year ago, and now it's $1400 an ounce.
That's a 40% to 80% increase in 1 year. That means our dollar has lost 40% to 80% of it's original value in exactly 1 year!!!!!
As well, the dollar is currently on the verge of losing it's world status as the #1 reserve currency. This status has enabled the us to enjoy a lifestyle that we would not have been able to otherwise.
People like Max Kieser predict that when the "devaluation" occurs, it can and most likely will, happen overnight, as it has in past situations in other countries. The next day, you wake up, and a gallon of gas will be $8.00 a gallon, or perhaps, $12.00 a gallon. That is what is being predicted by Max and others like Gerald Celente, and Bob Chapman.
So, here is where my point and questions come in.
Where does cannabis stand in all this?
I think, that when the cost of goods and services triples, the cost of cannabis will as well. That means that people getting $3000 a LB now, will be getting closer to $6000 or even $9000 a LB. But that will not matter too much, because your rent will increase by the same amount, and your cost of gas, and everything you consume. The main thing that I think will happen, is that people who currently grow ANYTHING, even fruit, will be getting 2-3 times their current rates, but they will only be able to get that from the others who can afford it, and are "producers" of goods and services, themselves. For the average Joe out of work, an Ounce will cost $400-$600 or more, and no less. The reason being, no "producer" wll be able to afford to sell their crop for any less than the inflated increase in price to sustain their own cost of living, in the near future, if and when this happens.
The upside for producers will be, at least they "have an existence".
Any thoughts on this?
When a currency loses value, the cost of goods and services increase. The cost of gold and silver have gone up, since 1 year ago, from $19.00 an ounce for silver, to over $34 an ounce today. Gold was $1000 a year ago, and now it's $1400 an ounce.
That's a 40% to 80% increase in 1 year. That means our dollar has lost 40% to 80% of it's original value in exactly 1 year!!!!!
As well, the dollar is currently on the verge of losing it's world status as the #1 reserve currency. This status has enabled the us to enjoy a lifestyle that we would not have been able to otherwise.
People like Max Kieser predict that when the "devaluation" occurs, it can and most likely will, happen overnight, as it has in past situations in other countries. The next day, you wake up, and a gallon of gas will be $8.00 a gallon, or perhaps, $12.00 a gallon. That is what is being predicted by Max and others like Gerald Celente, and Bob Chapman.
So, here is where my point and questions come in.
Where does cannabis stand in all this?
I think, that when the cost of goods and services triples, the cost of cannabis will as well. That means that people getting $3000 a LB now, will be getting closer to $6000 or even $9000 a LB. But that will not matter too much, because your rent will increase by the same amount, and your cost of gas, and everything you consume. The main thing that I think will happen, is that people who currently grow ANYTHING, even fruit, will be getting 2-3 times their current rates, but they will only be able to get that from the others who can afford it, and are "producers" of goods and services, themselves. For the average Joe out of work, an Ounce will cost $400-$600 or more, and no less. The reason being, no "producer" wll be able to afford to sell their crop for any less than the inflated increase in price to sustain their own cost of living, in the near future, if and when this happens.
The upside for producers will be, at least they "have an existence".
Any thoughts on this?
Too many factors involved. The price of cannabis doesn't move unilaterally with gold. You have to take into account economies of scale with the cannabis industry. More and more people are getting into the medical industry, more states are decriminalizing consumption... Who told you the dollar is losing power? lol... Against which currency? Do you know how the value of a currency is calculated? The yuan has been held artificially low for at least the past decade... And the Chinese are holding TRILLIONS of dollars... they're not about to let the dollar collapse, and lose their investment. 
