#DollarDecline #DebtClock #Gold&Silver
US Dollar Decline & Debt Clock – Part 1 - in this first part of a two part series we look at the decline in the value of the US Dollar compared with other currencies over the past year and consider its future impact on gold and silver prices. In Part 2 we shall look at the US Debt clock and how it too will affect the dollar value in years to come.
Today is Monday 11th January 2021 and we are looking at the US dollar performance compared with a basket of other currencies over the past year – you don’t want to miss this.
Firstly just a quick shout out to the video we produced yesterday:
Bitcoin vs Gold & Silver - Episode 6 - Influencers!
Where we discuss the influence that the likes of You Tube could and is likely to have on the performance of bitcoin primarily due to the clickbait promotions of many of the youtubers videos.
We produced it quite late last night and so we provide a link below in case you did not have an opportunity to watch it.
Now today we wish to deal with the issue of the US dollar and its value over the past 12 months and in fact we also look at the index over the past 5 years.
Anyone who follows the gold and silver space knows that all commodities are priced in US Dollars and the value of the dollar has quite a profound effect on the price of precious metals.
Now for many years precious metal pumpers have declared the US dollar is on the verge of collapse – some as long ago as 20 years – and we have continued to pooh pooh such assertions with to be frank a high degree of accuracy.
That said though, it would then be misleading of us to say that the dollar is strengthening and will continue to do so indefinitely – as frankly it is not. The past 5 years have witnessed a steady decline in the US dollar and this past year shows quite a definitive fall – so we thought we would show you how the US dollar has compared to a range of major global currencies over the past 12 months………..
Let’s now take a look at the Dollar index over a longer period of time……………………………
Right we can now see a steady but discernible decline in the value of the US dollar against major global currencies. There appears to be a discernible downtrend – a steady or some may argue managed decline. Now let’s be clear here. This is not some major collapse or even something to panic over but it is something which does bode well for the value of precious metals in years to come.
Also something to notice and this will have a profound effect on the value of the US dollar. When Trump became President in 2017 the US Debt Clock stood at $19.9 Trillion 4 years later it stands at 27.7 trillion up almost 8 trillion in just 4 years. Under Obama we saw the debt clock rise $9 trillion over 8 years (something Trump rightly criticised him for but the US was coming out of the worst recession in living memory.
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Bitcoin For Dummies 1st Edition
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The Bitcoin Standard: The Decentralized Alternative to Central Banking
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The Basics of Bitcoins and Blockchains: An Introduction to Cryptocurrencies and the Technology that Powers Them
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#US Dollar Value
#US Debt Clock
#Gold & Silver Prices
comparing one fiat to another fiat is like comparing one manure to another type of manure. they are both SH*T!!!
Dollar was once worth an ounce of gold. Dollar was once worth an ounce of silver. How long till the dollar is only worth an ounce of copper around 12 copper pennies.
@Illuminati Silver can you please tell us the day before the USD is going to collapse and I will go and load up on gold and silver then? Thanks
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Aug.09 -- The ruble
Aug.09 -- The ruble plunged as the U.S. announced new sanctions against Russia over the nerve agent attack in the U.K. The currency sank to its lowest since November of 2016. The penalties, which are expected to come into effect on August 22, will limit American exports of sensitive goods and technology. Bloomberg's Annmarie Hordern reports on "Bloomberg Markets: European Open."
She made an error or she purposely lied? Russia already let Inspector inspect. Only US has not let Inspectors inspect yet.
Wishful thinking, what inspections in Russia while US still kips its nerve gas stockpiles not destroyed and ready for use at any time (excuse by Washington: no money to do it (to destroy it))...US is sliding away from global acceptance, respect is flared off like there is a limitless stock and nobody cares about tomorrow, abuses to everybody everywhere are bombastically staged day in and day out. US might find out that friends need to be nurtured and not stabbed or spited upon, and the perception of military power non plus ultra since collapse of Soviet union put a thick wail in Washington on common sense reasoning...One need to weight very carefully all the stochastic feedback when staging economic war, livers might back-spring, potency of the imposed sanctions, tariffs and the like niceties usually find a way to the coffers of the country which bombastically launch them...
Russia might sanction America with a Mushroom Cloud if keeps this financial warfare up.
Hopefully every one switches to euro...
ruble has to answer for kremlin's dark deeds
Dec. 3: On “Before The
Dec. 3: On “Before The Bell,” Bloomberg’s Mary Childs has exclusive details on why and how Bill Gross left Pimco.
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