US Dollar (UUP) - Jim Rickards' take on the situation with the surging dollar -
He said the US Fed is fearful of deflation and desperate to re-inflate the world's economies, and therefore has engineered the higher dollar as a helping hand to other countries to get their export economies moving again via a lower exchange rate for their currencies.
That makes some sense, although as an intelligence asset and quasi 'spook', Rickards only goes so far in his various analyses. In his discussions there are a lot of areas he chooses to either obscure or not go into at all, but you can sense that he knows a whole lot more. He talks freely about the IMF bailing out the Fed during the next financial crisis, the SDR replacing the dollar as the world's reserve, etc. But he never hints that any of this could be orchestrated, only that it will be a bonafide massive crisis and there will be no other choice.
But rather than waiting for the inevitable, and risk an out of control situation, more likely they have a preemptive plan to transition to the SDRs before some unplanned black swan event comes along. There's a lot less risk of losing control if you induce a crisis early and then guide the transition process to the desired outcome.
AI
