by Jason Simpkins, SilverBearCafe.com:
With the Fed taper officially underway, you’ll be hearing a lot about a dollar revival over the next year.
Don’t buy into it.
At the end of the day, the dollar is still a flawed currency. It’s not backed by anything other than the word of a government that’s proven frivolous at best and incompetent at worst.
The United States has racked up so much debt, it’s practically unpayable. We’ve reached the point where, even if the government doesn’t default outright, it’s still lost credibility.
No one believes in the United States anymore.
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