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Friday, 03/27/2020 10:20:37 AM

Friday, March 27, 2020 10:20:37 AM

Post# of 102
Stagflation is the new reality... the USD is toast.

The USA, or should I say the USC (Coronavirus), could well become the world's pariah. Today Germany put out notice to Germans living in the USC to head home asap. As the world quarantines the USC it only stands to reason they'll seek some other currency as the world's reserve.

Prior to WWI the british pound held the honor, but the European war moved the title to the USA which we've held ever since. Now it is China's turn.

As central banks replace the USD with the Yuan the dollar will decline and global prices for the goods we buy will increase. Gold of course will increase as well, along with silver. Needless to say inflation protected bonds will be a safe haven.
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