Get ready to wave the US dollar goodbye. Especially as a global superpower economy. This is the cost of the huge deficit that the US has collected over the years and it means that we could possibly see a new global currency come in down the track.
Because of the higher deficits, there is now concern that inflation and even hyper inflation could soon flood the market place world wide. At the moment, constituents are more worried about deflation (when prices in general start decreasing) as this often precedes inflation and weakening of currencies. It's like a domino effect, that happened back in the mid 90's when japan when though the same thing.
If there is a new global currency to come on board it will not happen straight away. It will take the government and policy maker tough decisions but we are already starting to see how these myths have now become more of a reality.
The demise of the dollar has been the effects of people being addicted to the credit. People laughing off debt and treating it like a toy. But eventually it has caught up to everyone at once, even the banks are in trouble and closing down left right and center.
It is no surprise to some. The US greenback has been in trouble for many years. In fact go back to the last century and there were problems back then. The true value of the dollar has dropped significantly over the years. Almost 200% since its peak in the early 1900's, but the scary thing is people wont understand this until its a murderous situation at the shops, and at the gas pump all which are coming soon.
For a moment, just stop to think what life would be like if it cost you 8 times as much money to buy the same groceries at the shops. This is the true meaning of inflation.
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