link to original reddit post by /u/Perleflamme
I'm not from the US, but I keep hearing people talking about their parents and and grand-parents, saying how they could easily afford a house, sometimes two, with one or two cars and a diploma, without much effort apart from having a job.
Nowadays, it's uncommon to hear that from people about their current situation in the US. We rather hear testimonies of huge debts and small appartements, sometimes even just rented since the diploma already costs a lot in debts and isn't yet paying off at all.
Yet, we also hear people refuting the claim that the US dollar is failing, a claim that may be as old as climate change catastrophic consequences (I don't know the exact years, but I remember having heard both at years quite close to each others). Well, the USD is failing: all these people show it on a daily basis. It simply is a really slow process that has taken two generations to get from easily living from honest work to working hard to do more than survive.
How long before surviving becomes the goal? With all the inflation that is slowly perceived by the market increasing costs more than minimum wage increases will ever fight it off, how faster than ever before will it deteriorate? Well, I don't know how fast. Maybe some could, but I don't.
All I know is it is already failing. US citizens are like crabs in a cooker, within a water that is clearly no longer comfortably hot and with the heater at max or nearly so. How much time before people don't have enough resources to get out of this misery at play? How much time before the crabs have to slowly look at each others? What other political scheme will be used to slowly delay the inevitable, exporting the misery to some other countries? Who would want to give such nationality to their children?
To me, it is a process that comes along with anything depriving people from their economical freedom. We've already seen inflation, but welfare dependance also is one of these measures. Month to month credit on future wage is another. And there probably are others.
Fortunately, there are ways out. And if some people don't want to get out physically, they still can get their resources out, so that they can get physically out once they realize there's nothing more to expect from the US.
For long, the only way out for your net worth was the stockmarket, which is pretty difficult to access to most people. But cryptocurrencies have proven they can withstand so much political pressure that it can certainly be used to get away from this madness. Just make sure you don't keep emergency funds there, for this fund is for another kind of emergency: the emergency when you're not the one failing and needing help from the market around you, but rather the market around you failing and needing you to escape it.
Just make sure you don't wait for too long. You never know when exactly it is too late. Many people always wait for too long, in every pending catastrophic events and regret it afterwards, when they still can regret. Some lose most of their wealth in the process. Some others lose too much to be able to even get out. Don't be one of them.
I know you all are more or less aware of this all, I just wanted to write it down and maybe have some discussion about it and share points of view.
tl; dr: the US dollar is already failing, just really slowly since two generations. You may want to get at least some of your funds out before it's too late, because you never know when it's too late.