The Phaserl


Death of the Dollar

by Jeff Nielson, Bullion Bulls Canada:

The fact that the U.S. dollar is a dying currency is a foregone conclusion. The (negative) fundamentals of the dollar are overwhelming, for two reasons: their magnitude and their irreversibility. These harbingers of the dollar’s doom center on three areas:

1) An ultra-extreme over-supply of dollars, due to several years of money-printing at a hyperinflationary rate.

2) A simultaneous collapse in demand for the dollar, as it loses its status as global reserve currency (replaced by China’s renminbi).

3) The irreversible decay and imminent collapse of the U.S. economy itself.

Those are the three, principal fundamentals of any currency: supply, demand, and the (supposed) “backing” for the currency itself, which (in the case of our paper “fiat currencies”) is nothing more than the economic output of the underlying economy.

Read More @

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>