You always seem to come down on the US dollar as going up. Yet, it continued down.
You always seem to come down on the US dollar as going up. Yet, it continued down.
You are right, I looked it from the perspective as the US dollar being bad in a worse lot of other currencies. To quote eminent forecaster Martin Armstrong: “Despite the increase in the money supply, the demand for dollars is escalating dramatically around the world. The Fed has been increasing the paper money supply for the demand is rising exponentially. Of course, those who keep preaching the collapse of the dollar because of the increase in the money supply, fail to ever look beyond the shore of the United States. Even Canada has one of the highest debts among sovereign nations. The problem is that other nations, including Canada, have the authority to simply cancel their currency. The US paper money is the only one still valid from 1861. Consequently, for hoarding purposes, the dollar is still the #1 choice for it is the safe place to keep the cash. Also, the USA is not part of the reporting practices. So, foreigners can open accounts in the USA, and they are not reported back to their own country. As a result, the demand for dollars is rising and it is simply the prettiest of the three ugly sisters as they say.”
Ok, you place your bets…You make de money!