John Rubino has done great work for years at his website, Dollar Collapse. However, by mainstream terms, the dollar has yet to collapse because it's always priced relative to similarly-devalued fiat. So let's talk about that today.
As you heard me state, one of the biggest scams perpetrated by The Banks and their media is the US Dollar Index...what we call the POSX. When "the dollar is up", it's only "up" relative to the other fiat against which it's being measured and, in the POSX, the primary measuring stick is the equally-worthless euro:
What's never mentioned is the purchasing power collapse of fiat currency...a trend you're seeing accelerate in real time this year.
So John and I discuss this topic today. We also discuss Fed policy, the ongoing deterioration of confidence in the U.S. and what John currently thinks will come next, once all of this eventually shakes out.
Many thanks to John for sharing his time with us. I'm confident you'll enjoy this podcast.