Loading ...The dollar is rallying for one simple reason. The BRICS + 47 are dumping US Treasuries, creating an artificial demand for dollars, so it could go on for awhile. I don’t know. What I do know is that it is collapsing against real stuff, and is about to get worse. Gas here is now pushing $4, that’s from $3.29 a month ago. This wave of inflation won’t let up and the Fed won’t be able to stop it. They created it and have no intention of stopping it. Oh, they’ll raise rates, but it doesn’t matter, it is a controlled demolition that will be out of control. The spigots have been turned off and capital is drying up in the real economy.
Finally, gold and silver will matter. I have no idea what the shares will do, shorts have covered and only the weakest of hands are still selling. I’m not even sure if the stock market will still trade, but it is going to implode. I expect this in the next 12 months. The perfect excuse to implement martial law and cancel elections. Biden is a tool, Obama’s tool and is finishing what Obama started, the destruction of our country.
The funny thing is that all the useful idiots in the Gov’t. will have pensions denominated in dollars that will have no purchasing power. However, they are so stupid they’ll probably blame Trump.