Onto the matter at hand. Please read this interview carefully with John Williams. A lot of it is a rehash of concepts most of you already understand, but I really like the way he discusses the intrinsic value of the dollar vs. other currencies. He also does a particularly articulate job of translating that dynamic into how it is leading to hyperinflation in this country, perhaps sooner than he has been forecasting:
[Large holders of dollars] will sell their dollar-denominated assets. They will convert dollars to other currencies. They will buy gold. Generally, they will dump whatever they hold in dollars and sell the dollar-denominated assets they don't want. There's a market for them; it's just a matter of pricing. As the pressure mounts to get out of the USD, the pricing of dollar-denominated assets will fall, which in turn would intensify that selling. The dollar selling will intensify domestic U.S. inflation, which is one factor that picks up and feeds off itself and will help to trigger the hyperinflation.Here's the LINK Enjoy and keep your chin up, this metals manipulation to the downside will end soon and will be seen, looking back, as being instrumental in setting up the next leg higher.