The U.S. Dollar: 5 Reasons For It's Collapse
One of the pillars of my investment philosophy is betting "short" on the greenback-- in other words, one of my fundamental tenets is that the great ol' USA buck will continue to weaken until a day comes when it will certainly collapse.
Given that premise, in addition to the spiritual perspective of my financial investments, priceless metals appear to offer an investor the only place to turn. Here, then, are 5 why I'm betting against the dollar:
1. The dollar is being battered anew by the policy of Quantitative Easing 3 - already turned into a joke as "Quantitative Easing Infinite" by pundits - that has been launched by Fed Chairman as a desperate, last-ditch measure to attempt to stimulate the U.S. economy, help win the election for President Obama, and help save his own job. Every new dollar that the U.S. government prints to supply Bernanke's "easing" only further dilutes the already-thin value of the currency.
2. The dollar will unquestionably suffer since hyperinflation will definitely be setting in soon, suggesting that it will take an increasing number of bucks for consumers to buy what they wish to get. Hyperinflation is the result of the big federal government insufficiencies and widespread dollar-printing that have actually become part of the policy of the Obama administration. The only reason hyperinflation hasn't hit the economic situation as much is that the Great Recession, as well as the slower economic development around the planet, has actually slowed down inflation for now because there has actually been relatively little economic demand.
3. The dollar is doomed since the U.S. federal government alone is in debt by over $ 16 trillion and no one seems to sufficiently care enough to tackle this issue. Despite this crisis, the Obama administration has adopted a nonchalant modus operandi. The President couldn't even remember the quantity of our national financial debt in his recent interview on David Letterman's television show.
4. The dollar will become much less valuable simply because there is no way for anyone, or any government, to address this mess without replacing the dollar with a new currency. In fact, there are increasing calls from the mainstream of U.S. political discussion - not just the "fringes" - for returning America to a gold standard as the basis for value for the dollar.
5. The dollar is no longer considered the standard for the value of money around the world. Even Western economic organizations are moving away from the concept of constantly counting on the dollar to denominate international financing. The talk now is on a "basket" of leading currencies that would include the dollar but not consider it exclusively. However, any such action will only knock the legs out from beneath the greenback.
Given that premise, in addition to the spiritual perspective of my financial investments, priceless metals appear to offer an investor the only place to turn. Here, then, are 5 why I'm betting against the dollar:
1. The dollar is being battered anew by the policy of Quantitative Easing 3 - already turned into a joke as "Quantitative Easing Infinite" by pundits - that has been launched by Fed Chairman as a desperate, last-ditch measure to attempt to stimulate the U.S. economy, help win the election for President Obama, and help save his own job. Every new dollar that the U.S. government prints to supply Bernanke's "easing" only further dilutes the already-thin value of the currency.
2. The dollar will unquestionably suffer since hyperinflation will definitely be setting in soon, suggesting that it will take an increasing number of bucks for consumers to buy what they wish to get. Hyperinflation is the result of the big federal government insufficiencies and widespread dollar-printing that have actually become part of the policy of the Obama administration. The only reason hyperinflation hasn't hit the economic situation as much is that the Great Recession, as well as the slower economic development around the planet, has actually slowed down inflation for now because there has actually been relatively little economic demand.
3. The dollar is doomed since the U.S. federal government alone is in debt by over $ 16 trillion and no one seems to sufficiently care enough to tackle this issue. Despite this crisis, the Obama administration has adopted a nonchalant modus operandi. The President couldn't even remember the quantity of our national financial debt in his recent interview on David Letterman's television show.
4. The dollar will become much less valuable simply because there is no way for anyone, or any government, to address this mess without replacing the dollar with a new currency. In fact, there are increasing calls from the mainstream of U.S. political discussion - not just the "fringes" - for returning America to a gold standard as the basis for value for the dollar.
5. The dollar is no longer considered the standard for the value of money around the world. Even Western economic organizations are moving away from the concept of constantly counting on the dollar to denominate international financing. The talk now is on a "basket" of leading currencies that would include the dollar but not consider it exclusively. However, any such action will only knock the legs out from beneath the greenback.
About the Author:
Find out more about buying and selling gold and silver, or visit Anne Trimble's site to read her eye-opening book Faith Through The Flames.
