After 50 Years of Fiat Currency, Guess What Looks Good

by John Rubino
Dollar Collapse

Let’s start with a look at how the dollar has fared since the Federal Reserve gained control of it:

[…] Chain reaction

A depreciating currency typically causes a chain reaction in which soaring debt leads to financial instability which in turn forces the central bank to intervene ever-more-aggressively to prevent an implosion. This intervention frequently manifests as unnaturally low interest rates and/or a rising central bank balance sheet (a proxy for the amount of new currency being created):

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