huskerbob

Is Marc Faber Right About the U.S. Dollar?

The answer is easy. The Fed has destroyed 96% of the dollar's value. Why would they change their policy now? Their stated goal is to destroy 2% of the dollar's remaining value every year.
Unfortunately, dollar destruction will accelerate to the point where it becomes a regular topic of conversation among the hoi polloi.
Will the world continue to send us their savings?
Will the ruling class do what needs to be done to strengthen the dollar?
No and no, emphatically. The dollar will continue to slide in the coming years, with an occasional gain here and there.