They Have Lost Control, And Now The Dollar Is Going To Die

[corbe]

They Have Lost Control, And Now The Dollar Is Going To Die

November 10, 2021

Michael Snyder

I think that they actually believed that they could get away with it.  I think that they were actually convinced that they could create, borrow and spend trillions upon trillions of dollars without any serious long-term consequences.  But they should have known better.  The people running things are very highly “educated”, and after spending decades getting to their current positions they are supposed to be “experts” that we can trust with very difficult decisions.  Unfortunately, the “experts” have put us on a path that leads to currency collapse and financial ruin.

All throughout history, there have been many governments that have given in to the temptation to create money at an exponential rate, and it has ended badly every single time.

So our leaders should have known better.

But it is just so tempting, because pumping out money like crazy always seems to work out just great at first.  For example, when the Weimar Republic first started wildly creating money it created an economic boom, but we all know how that experiment turned out in the end.

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http://themostimportantnews.com/archives/they-have-lost-control-and-now-the-dollar-is-going-to-die

[catfish1957]

In the past I had thought that the event where the US Dollar would no longer be the world reference currency would be politically driven.

Now, I think it may be a matter of necessity. Adding exponential zeros on to exchange rates due to our own stupidity is not what the world financial markets want.