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The USD is not doomed, just heading back down to the 5 peso value it had in 1995...
May 25 07:39 am
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All Comments by Enough Wealth »Is the US Dollar Doomed? [View article]
Although high inflation kills a currency over time, it's not the short-term increase in inflation due to oil prices etc. that is the biggest problem. Rather it's because the US government runs large deficits over an extended period.
Being a foreign investor or government holding USD is a bit like an investor with shares in a company that keeps issuing new shares in order to raise funds that are then spent unwisely. Eventually the shareholders will stop taking up the share issues, and will start off-loading their stock, causing the price to tank.