Commodity Trade Mantra

Posts Tagged ‘American Dollar’

Decline of the US Dollar – The Consequences

We cannot blame China and India, or Russia if they wish to protect themselves from western systemic risk by shifting their trade settlements away from the dollar. It is becoming clear to Asian leaders at least that the dollar’s reserve status is an anachronism of the past & cannot last, a simple deduction that raises important questions not addressed for over a century.

The U.S. Dollar: Currency Masquerading as Money

A critical attribute of money is that it be a store of value. The U.S. dollar has lost value at an increasing rate since 1971, losing 75% of its value from 1914 to 1971 and 96% from 1971 to 2014. Such a precipitous decline in the U.S. dollar’s purchasing power disqualifies it as real money.

Jim Rickards On The Death Of Money - Interview

International monetary system has collapsed 3 times in the last 100 years – In 1914, 1939 and 1971. The next crisis will be bigger than the last one in 2008 & it will be bigger than the Fed because they already trashed their own balance sheet. Then the only balance sheet left is the IMF’s.- Jim Rickards

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