US Dollar is on Life Support
As posted to the GoldSilver YouTube Channel on 08/20/19
(Run time 12 min, 37 sec)
What is at the core of the latest turmoil in markets? Is it a trade war? Is it a yield curve inversion? Or is it something far more simple . . . like the fact that the US Dollar is on life support?
Mike Maloney shares his analysis drawing on various recent articles . . .
- (07/24/19) Zero Hedge: We Believe the Dollar Could Lose its Status as the World’s Reserve Currency
- (07/20/19) Asia Crypto Today: Iran Announces Gold-Backed National Cryptocurrency
- (06/25/19) Forex & Currencies Trading: How the Triffin Dilemma Affects Currencies
. . . and financial data:
- Gross Federal Debt as a Percentage of GDP
- GDP divided by Gross Federal Debt
- GDP minus the Gross Federal Debt
- 5 Year Change in GDP divided by 5 Year Change in Federal Debt
- Federal Net Interest Payments as a Share of GDP
- The Best Risk/Reward Ratio Percentage of Gold in a Portfolio (1968-2017)
(This is Blog Post #605)
Michael Maloney, founder of www.GoldSilver.com is also the author of the world’s best selling book on precious metals investing. Since 2003 he has been advocating gold and silver as the ultimate means of protecting wealth from the games played by our governments and the banking sector.
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About the Author: Roger Rossmeisl, CPA
Roger Rossmeisl, CPA, brings over 40 years of experience helping small business owners who have outgrown their current CPA firm and larger companies seeking responsive, cost-effective solutions they’re not receiving from their current CPA Firm. He goes beyond tax compliance, explaining the “why” behind the numbers and their impact on cash flow and other decision making.
An avid follower of federal monetary policy, Roger adds insight into how government actions affect business and wealth. With a niche in franchised new vehicle dealerships, he has served over 100 franchise stores and groups through decades of evolving IRS rules and legislation.
