The Dollar Is Being Systematically Destroyed, And We’re on A Path That Inevitably Leads to Hyperinflation
The comments below are an edited and abridged synopsis of an article by Michael Snyder
It is only a matter of time before America’s financial system fails. Today, the dollar is the world’s reserve currency, a massive advantage for the US. Because the rest of the world uses dollars to trade with one another, it creates a huge amount of artificial demand for US currency, and keeps its value at a higher level than it otherwise would be. But it is only a matter of time before the world starts abandoning the dollar. America is killing its golden goose, and most Americans do not understand what is happening.
The US is on the same path that Zimbabwe, Venezuela and so many others have already gone down, and the foolish decisions that it has been making will end in complete disaster.
The M2 curve has risen at an exponential pace in 2020. In fact, since the pandemic started, the curve has nearly gone vertical. If the US keeps this up, it will only be months before the wheels start coming off.
But US leaders do not have any intention of changing course. During 2020, the Fed has been pumping money into the financial system at a rate never seen before, and it has indicated that it plans to continue to support the financial markets.
The federal government is going to continue to pump out stimulus packages no matter who is in the White House.
Virtually everyone likes getting free money from the government, but the price of just about everything has been going up lately, and this is just the beginning.
To protect themselves, a lot of investors have been pouring money into gold, silver and other precious metals. At the start of 2020, gold was $1,520.55. Today, gold is at $1,800.
Gold and silver will almost certainly keep rising as the value of the dollar is destroyed, but even those that invest in precious metals are not going to win in the end.
Because the complete collapse of the US financial system won’t benefit any American, and there is no way to avoid such a fate if the dollar keeps going down this dangerous path.