Kewp- I think you’ve hit on exactly what’s happening out there. Credit was a gigantic part of the money supply….see charts of global credit growth for the last 8 years.
That’s all but destroyed now. Compare this recent destruction of global credit to what’s actually in bank account deposits and in wages. It is tiny compared to the credit destruction. Keep in mind, there’s little money left in home equity, stock market equity has been devistated and wages are not rising (unemployment rising).
How can the US$ not rise in this equation?! There’s really not that much of it out there. Go try to take your money out of bank, see how they cry. Cause they aint got any more they can get.
“Cash is king” and “cash in a crash” Is really true. Look around, it’s happening real-time. The US$ is buying more of almost everything by the day!!
