I recently participated in an interview with ‘Coffee And A Mike’ to discuss the ongoing threat of globalism, including issues like CBDCs (Central Bank Digital Currencies), rumors of a new attempt at covid mandates, the climate change farce and how all of these agendas are tied together as a means to frighten the public into compliance with a one-world digital currency system and a one-world government. To see the interview, follow the LINK HERE.
Regards,
Brandon Smith, Founder of Alt-Market
Brandon,
In the interview the question of how the dollar fare during another lockdown event, arose. The interviewer suggested the last pandemic saw a strengthening dollar.
My thought is, a powerful way to crash the dollar might be to let the stock market crash, and then the Feds taper. That taper would be a way of crashing the dollar.
Does that make sense?
When it comes to the dollar “rising”, you have to ask yourself “in relation to what?” The dollar index is not a measure of the dollar’s buying power, it’s only a measure of the dollar vs other currencies on the Forex market. During the entire stretch of the pandemic foreign creditors were quietly dumping the dollar and moving to bilateral trade agreements. So, you have to look at the situation in context. The Dollar index is not a good measure of what is really happening to our currency. That said, I agree that a taper and credit crash is absolutely a way to destroy the dollar, it does not have to be destroyed through money printing similar to Weimar Germany.
The real key in order for a replacement reserve currency, is there has to be a loss of trust in the dollar, I would imagine. In my scenario there would need to be a situation where bailouts were required to reliquify the system (for example from a total market or bond crash), and the Fed issuing more dollars would not be acceptable. So the IMF might issue SDR currency bailouts to banks, as they already have a precedent for bailouts from past crises ( I believe you’ve mentioned in past articles). So it seems like it might be useful to predict what might cause that crisis in confidence in the dollar, and the effect from a Fed taper might fit that need. You have written about a taper being unlikely, but wouldn’t it make sense for a taper to occur once we’ve had a sufficient market collapse?
That’s incorrect. I predicted the taper scenario years ago. Never said it was “unlikely”, I said that it was assured.
https://alt-market.us/the-feds-catch-22-taper-is-a-weapon-not-a-policy-error/