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Non-Tech : The Woodshed

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From: smh	12/3/2020 3:14:51 PM
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Inflation roadmap By Alasdair Macleod Goldmoney Staff December 03, 2020 goldmoney.com It is beginning to be obvious that global economic woes extend beyond covid lockdowns and that monetary inflation for the dollar, as the common foundation for other fiat currencies whose issuers face similar problems, will continue to accelerate. Fiat currencies have only survived this long due to increased financialisation of the dollar and the US economy. Since the 1980s Wall Street has gradually dominated the US economy at the expense of Main Street. It has done so through monetary inflation, creating the conditions for the ultimate monetary collapse. This article describes how the dollar’s collapse is likely to progress. There are two distinct aspects. The first is foreign selling, which is already becoming apparent in the weakening trade weighted index. The second is the realisation of domestic Americans that the purchasing power of their dollars will not remain stable, as the CPI suggests, but continue to decline, and that they should dispose of them sooner rather than later. There is evidence from prices of financial assets in a financialised economy that this is already beginning to happen.

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