ilmscore | Why I Stopped Saving Money

Why I Stopped Saving Money

Published: 2022-02-18
Status: Available | Analyzed

Predictions from this Video

Total: 11
Correct: 0
Incorrect: 0
Pending: 11
Unrated: 0
Prediction
Topic
Status
The speaker predicts that the US dollar will eventually become worthless.
"the dollar is going to zero"
US Dollar Value
Pending
Charlie Munger's prediction that over the next 100 years, the US dollar will go to zero.
"the safe assumption for an investor is that over the next 100 years the currency's going to zero"
US Dollar Value
Pending
Charlie Munger's prediction that the dollar will eventually go to zero.
"the safest assumption that an investor can make today is that the dollar will eventually go to zero"
US Dollar Value
Pending
The US dollar's value has significantly decreased over the past 400 years.
"the value of the dollar has plummeted in the last 400 years"
US Dollar Value
Pending
Since 1913, the US dollar has lost approximately 96% of its value.
"since then the dollar has lost roughly 96 percent of its value"
US Dollar Value
Pending
The devaluation of the US dollar is an ongoing process that has already occurred and will continue.
"the failure of the dollar is not something that will happen this year or next year or 10 years from now it's something that has already happened and will continue to happen as long as it exists in this way"
US Dollar Value
Pending
Reserve currencies typically last around 100 years.
"the average life expectancy of the strongest currencies called reserve currencies is roughly 100 years"
Currency Lifespan
Pending
The average lifespan of regular currencies is approximately 30 years.
"normal currencies their average life expectancy is around 30 years"
Currency Lifespan
Pending
A scenario where the US defaults on its debt could lead to the dollar's failure.
"the us defaults on its debt and it can't pay it back"
US Dollar Default Scenario
Pending
The speaker reiterates that the US dollar will devalue over time.
"the dollar is still going to zero over time"
US Dollar Value
Pending
Leveraging debt is presented as the most effective strategy to combat debt in an inflationary environment.
"the best way to fight debt is with more debt"
Investment Strategy
Pending