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WHY THE US DOLLAR MAY BE DECLINING:
FIRST: “The growing deficit is the GREATEST obstacle to the dollar.”
CNBC reports that a HIGH GOVERNMENT DEFICIT results in excess money printing, which increases inflation, and devalues the existing currency that we have in circulation.
The OTHER concern, as brought up by the economist, Steven Roach, is that the the US has an extremely low savings rate – so, in times of economic hardship – we have to borrow the difference from foreign nations who lend us their savings to get us through.
SECOND: A WEAKENING DOLLAR.
This money is tracked against 3 different metrics: The first is the EXCHANGE RATE to OTHER CURRENCIES, the SECOND is the demand 10-year treasury notes, and the THIRD is known as the “foreign currency reserves,” which is a fancy way of saying: how many US dollars are held by other countries?
THIRD: No “Reserve Currency Status” has has lasted more than 80-120 years – leading to the fear, the US dollar won’t last indefinitely, either.
That’s why EXPERTS say that – as of right now – even though the dollar’s future LOOKS uncertain – there’s really not much RISK, because – in order to lose its status as the “Reserve Currency,” there must be something else to take its place – of which, there are no other close contenders.
To put your mind at ease, a little more – when a Charles Schwab analyst looked at this even further…they concluded that, still, the US dollar is used in 40% of global trade, and almost 80% of all cross-border transactions. And today – the US dollar has held roughly the same value since 1987, proving to be a good “flight to safety” throughout worldwide turmoil.
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