This is a very simple and clear chart.
The Yellow line is the Value of the $ when it was pegged to the GOLD standard
In 1971, President Nixon "pressed the Button" and finalised the departure of the $ from Gold and the Value began to be set by "Government"
And Look what happened Ever since.
Onlt once, for a period of 3 years, did the Value of the $ exceed what it had been before, and that was after a Long and painful recession that had inflation up to 14.6 %
Key moments are in the chart below
There are mounting calls for the $ to return to the Gold standard but they maybe coming to late as international pressure is rising on the $, or the start of the Lack of use.
As I have been saying for months now, The $ is maybe coming to the end of its monopoly and one of the reasons for this is simply that, as can be seen on the embedded chart, the value of the $ rises when there "Issues". Starting way back, The Value ROSE steeply while Recession was high, interest rates earn the banks money, the higher the better
War also creates money and to avoid a global conflict right now, the use of the $ is being reduced maybe ?
What is FACT is that the $ is being dropped like a Hot Rock around the world right now by some Major world players in major global enterprises, costing the banks $Billions and so weakening the USA standard
Value will Drop, Recession is coming and the BIG question is how will the $ react to recession this time, if no one is using it, why will its value rise like it did in the 1980's ?
Readopting the GOLD standard may save it but then we have countries like RUSSIA and CHNA heavily investing in gold for the last 20 years. they have MASSIVE reserves
Interesting days ahead for ALL Markets
Get a plan and stick to it
The Yellow line is the Value of the $ when it was pegged to the GOLD standard
In 1971, President Nixon "pressed the Button" and finalised the departure of the $ from Gold and the Value began to be set by "Government"
And Look what happened Ever since.
Onlt once, for a period of 3 years, did the Value of the $ exceed what it had been before, and that was after a Long and painful recession that had inflation up to 14.6 %
Key moments are in the chart below
There are mounting calls for the $ to return to the Gold standard but they maybe coming to late as international pressure is rising on the $, or the start of the Lack of use.
As I have been saying for months now, The $ is maybe coming to the end of its monopoly and one of the reasons for this is simply that, as can be seen on the embedded chart, the value of the $ rises when there "Issues". Starting way back, The Value ROSE steeply while Recession was high, interest rates earn the banks money, the higher the better
War also creates money and to avoid a global conflict right now, the use of the $ is being reduced maybe ?
What is FACT is that the $ is being dropped like a Hot Rock around the world right now by some Major world players in major global enterprises, costing the banks $Billions and so weakening the USA standard
Value will Drop, Recession is coming and the BIG question is how will the $ react to recession this time, if no one is using it, why will its value rise like it did in the 1980's ?
Readopting the GOLD standard may save it but then we have countries like RUSSIA and CHNA heavily investing in gold for the last 20 years. they have MASSIVE reserves
Interesting days ahead for ALL Markets
Get a plan and stick to it