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).
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.
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