Rip Usd
1971 - 202X ...and the Way Forward
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The Amazon Rainforest takes care of itself through small bushfires thus avoiding a massive fire which can take down the forest. In contrast, the Federal Reserve has been dousing the 'economic bushfires' for decades by raining liquidity, and in the process, pushing the USA towards an inferno i.e. the "Greater Depression". The Amazon is now ready to burn! The dollar is on the edge of a precipice and Gold is ready to run up to $24,000/oz and beyond. Shan compares the economic progress under the gold standard and the current monetary system prevailing since 1971. He effectively establishes that th...
The Amazon Rainforest takes care of itself through small bushfires thus avoiding a massive fire which can take down the forest. In contrast, the Federal Reserve has been dousing the 'economic bushfires' for decades by raining liquidity, and in the process, pushing the USA towards an inferno i.e. the "Greater Depression". The Amazon is now ready to burn! The dollar is on the edge of a precipice and Gold is ready to run up to $24,000/oz and beyond. Shan compares the economic progress under the gold standard and the current monetary system prevailing since 1971. He effectively establishes that the US dollar is on fragile foundations which in the long run will lead to a collapse in its purchasing power. Of essence is the thesis that NOW is that "long run". "RIP USD" is an invitation to look beyond the horizon, to question the presumed permanence of established institutions and to consider what lies beyond the reign of currencies and central banks.
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