Ganesh Sastri

Dollar Could Be Headed to 13 Year Low Against the Yen

If you keep printing new currency you cannot expect its value to be stable. Experience with other nations has shown that currencies which have expanded and expanded or had trade deficits year after year have fallen by significant amounts. The recent rise in value of USD is surprising. I will not be surprised if the value of dollar suddenly collapses by 80% against stronger currencies in the world like JPY or precious metals whose supply is not as elastic as USD. USD at 20 JPY? Possible in the not too distant future.