Adventures in Currency Debasement
by MN Gordon
Rekindling the Dollar Debasement Strategy
The U.S. dollar, as measured by the dollar index, has generally gone up since mid-2014. The dollar index goes up when the U.S. dollar gains strength (value) against a basket of currencies, including the euro, yen, pound, and several others. Conversely, the dollar index goes down when the U.S. dollar loses value.
Between July 30, 2014 and December 28, 2016, the dollar’s value, as measured by the dollar index, increased from 79.78 to 103.30 – or 29 (Read More....)
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The Federal Reserve said it will continue its Treasury bond buying spree (known as quantitative easing, or printing money) to the tune of $45 billion per month for the foreseeable future. It will also continue buying $40 billion per month in mortgage-backed securities. The Fed, as a result, buys approximately 90 percent of all new dollar-based assets in the United States, according to a JP Morgan Chase report. The central bank’s liberal printing policies have also contributed to (Read More....)
. . . → Read More: Treasury Bonds vs. Gold: The Better Investment