Commentary
The U.S. dollar could someday go the way of all paper-currencies past and be consumed in a hyperinflationary fire. It seems unlikely but it is possible. In some ways, given the reckless policies of the past three years, we should be perhaps surprised that it hasn’t happened yet.
If the dollar loses its status as the international reserve currency—again, not likely anytime soon—that could provoke a massive repatriation of U.S. dollars which puts the end times in motion.
For many decades now, the United States has benefitted from the export of its dangerous policies but in a globe no longer dominated by the dollar, the costs would be quickly and painfully felt at home….