[secretagent]

So, for now, the U.S. continues to enjoy all the rights and privileges that come from that status, including lower consumer prices and lower interest rates. But along with those benefits comes the great responsibility of not conducting monetary policy in a vacuum. Since the dollar is the benchmark currency, when it is debased, other currencies must follow suit. Because of the massive printing effort underway for some time now, the dollar has gone from an instrument of stability to an instrument of inflation.

Sounds plausible, to this beginner.

[sickoflibs]

RE :”Sounds plausible, to this beginner.”

We saw this before: 2006-2008 before the crash. Afterward Schiff thought that countries would unload the dollar, but he is realizing that it is not that easy for them to do.