Currency Crisis Situation | Bridger Pennington

The money supply has been declining at the fastest pace since the Great Depression. Most people don't know this. We're not money printing anymore. The money supply is actually shrinking. Yes, we've got a long way to go, but the total amount of money is actually coming down. So question is, what's going to happen to inflation? And the answer is there's a lag, about a year and a half. And if an increase in the money supply causes inflation, then a decrease has a deflationary effect.

It's funny, you listen to guys like Cathie Wood that go out and other groups, they're saying deflation is actually the biggest threat To the dollar over the next decade.

Contrary to those who agree with me about seeing deflation soon, I don't actually think it's a threat. It's a threat to debt, not a threat directly to the dollar, assuming they don't print any more of it. It means that your dollars go farther. You get more for less. Now, who, who does that hurt? It's hard for borrowers. We're all drunk on debt. And so anything that's bad for borrowers is going to be very painful for most Americans.