Paul Craig Roberts: The Coming End of the American Superpower
The dollar's sharp decline and projections of continuing trade and budgetary red ink are undermining the dollar's role as reserve currency. A number of central banks have announced that they will be diversifying their currency holdings and will not be buying dollars at the same rate as in the past.
This will put more pressure on the dollar. At some point the flight will begin. Instead of buying fewer dollars, central banks will sell dollars hoping to get out before the dollar hits bottom.
Suddenly, the advantage of being the reserve currency becomes a nightmare as the world's accumulations of dollars are brought to market. An enormous supply and weak demand mean a very low exchange rate for the once almighty US dollar.
About Me
- Étienne de la Boétie2
- Etienne de la Boetie2 is the nom de guerre of a voluntaryist/anarchist author, father, technology entrepreneur, cyclist, runner, hot yogi, racquetballer, scuba-diver, multi-disciplinarian truther, armchair economist, cryptocurrency enthusiast, and neo-abolitionist who is experimenting with large-scale cult deprogramming. Mr. Boetie2 distills 20+ years of research into short, easily-digestible treatises on individual subjects and optimizes them for the 70% of society who are visual learners. Boetie includes references and links to more comprehensive research and the “authentic voices” of the developing alternative media to counter organized crime’s “propaganda matrix” of six companies running hundreds of subsidiaries to offer the illusion of choice. Mr. Boetie2 is exposing the hidden curriculum of organized crime’s mandatory government schools and scouting programs: The hidden religion of Statism, obedience, fealty, “order-following” and tax slavery.
