Categories: General Market Commentary / Precious Metals
Topics: General Market Commentary / General Precious Metals

Is The US Dollar Set To Soar?

Oct. 3, 2016

Is The US Dollar Set To Soar?

 

Which blocs/nations are most likely to face banking/liquidity crises in the next year?

Hating the U.S. dollar offers the same rewards as hating a dominant sports team: it feels righteous to root for the underdogs, but it's generally unwise to let that enthusiasm become the basis of one's bets.

Personally, I favor the emergence of non-state reserve currencies, for example, blockchain crypto-currencies or precious-metal-backed private currencies--currencies which can't be devalued by self-serving central banks or the private elites that control them.

But if we set aside our personal preferences and look at fundamentals and charts, odds seem to favor the U.S. dollar (USD) making a major move higher in the next few months. Let's start with a national index of finance-power which combines GDP, military spending, banking, foreign direct investment (FDI) and foreign exchange:

To see chart and continue reading please click link http://www.zerohedge.com/news/2016-10-03/us-dollar-set-soar