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Alasdair Macleod: Currency exchange value dynamics

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Published : March 02nd, 2018
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Category : GoldWire

GoldMoney research director Alasdair Macleod writes today that the world reserve currency could collapse faster than anyone expects and that such a day may be close than anyone expects.

"The prospects for the dollar are already deteriorating," Macleod writes. "The U.S. budget deficit is escalating at the most inappropriate stage of the credit cycle, leading in turn to increasing U.S. trade deficits, and therefore net selling of yet more dollars on the foreign exchanges.

"Government funding through Treasury issues is set to accelerate at a time when overseas ownership of U.S. dollar-denominated bonds, which increased while the dollar was strong, are likely to sold, now that the dollar is weakening. A falling dollar means rising commodity prices on the exchanges, rising domestic inflation, and a sliding bond market. The Fed, having an eye on the risks to both private sector and government debt, is likely to be too slow to counter these negative forces."

Macleod's commentary is headlined "Currency Exchange Value Dynamics" and it's posted at GoldMoney here:


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