Not as much is said about the dollars value as the world’s reserve currency, but few would deny it is headed south. It travels in spurts for now, but that is destined to change. When you become a debtor nation, as we are, your currency is supposed to lose value. The dollar decline will produce cataclysmic changes out in the streets, and the towns and cities of the nation. Interest rates will rise. Inflation will return. Investment will choke off. Unemployment will rise. Energy at prohibitive prices. Genuine suffering in the population. Social unrest will arrive. It will be a 180 degree change from these salad days we are living in now. Days of free money, for the banks at least, credit cards, and plenty of everything. When will these days of horror begin? It will begin when enough people and governments of the world loose confidence in the dollar. What is the timetable? Sooner rather than later, off of a decade, some say.
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AuthorBill Bays Archives
April 2016
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