Measured in hard money, the USD has already suffered a profound real devaluation
Written by Donna Hancock Subject: CurrenciesMeasured in hard money, the USD has already suffered a profound real devaluation—roughly a 70% collapse versus silver over the past two years—while political theater fixates on lagging CPI optics like eggs and oil. Disinflation in select commodities does not equate to monetary stability; it merely reflects short-term demand suppression amid a structurally impaired fiat regime. The COVID-era monetary expansion, regardless of which administration signed the checks, irreversibly altered the debt trajectory, hollowed out purchasing power, and accelerated a sovereign balance-sheet crisis. What we are witnessing now is not "transitory" anything—it is a currency repricing cycle driven by debt saturation, fiscal dominance, and declining confidence. Watching leadership deflect rather than confront this reality is alarming, because the macro path ahead is nonlinear, unforgiving, and far worse than most are prepared to admit.



