Dollar crisis in the making
Investors, both private and official, around the globe have generally given in to a crisis reflex psychology of extreme risk aversion and have been clutching the US dollar ever more tightly, massively running into Treasuries as a refuge in the mounting storm. This fact would seem to imply that global confidence in the dollar is still fundamentally sound, despite the well-documented bruises it has received over the past few years.
The truth is that ...
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Joseph Stroupe sees the United States as a nation in economic decline. Right or wrong, when the economic fallout settles the world will not be the same place.