A Dollar Crash is Inevitable, Dr. Stephen Roach Warns !!

A Dollar Crash is Inevitable, Dr. Stephen Roach Warns !!


The Atlantis Report

A Dollar Crash is Inevitable, Dr. Stephen Roach Warns. The stronger dollar era may be on borrowed time. Stephen Roach, one of the world’s leading authorities on Asia, is worried a changing global landscape paired with a massive U.S. budget deficit will spark a dollar crash. “The U.S. economy has been afflicted with some significant macro imbalances for a long time, namely a very low domestic savings rate and a chronic current account deficit,” the former Morgan Stanley Asia chairman told CNBC’s “Trading Nation” on Monday. “The dollar is going to fall very, very sharply.” Roach predicts a 35% decline in the U.S. currency against its major rivals in the near future, citing increases in the nation’s deficit and dwindling savings. He added that the rise of China and the decoupling of the U.S. from its trade partners is likely to end the supremacy of the dollar as the world’s reserve currency. Dr. Roach is right that sooner or later, manipulating the dollar for our own purposes will come back to bite us. So much of the US prosperity these past decades has come from having the "reserve currency" with the willingness (now gone) to make sacrifices for the world order. The bottom line is that $4 trillion in stimulus has been created to deal with Covid-19. The national debt just passed $26 trillion (130% of GDP). When you create more money, its value must go down, unless other currencies are also being increased at the same rate. While Europe and Japan have also passed their own stimulus, they haven't created proportionally as much new money as the US. Meanwhile, China and Russia have so far refrained from using unconventional fiscal policies. Russia's government debt as a percentage of GDP is actually among the lowest in the world. Not everyone is in the same boat. The US will one day have to face economic consequences for what it has been doing for decades. #theatlantisreport #economiccollapse #silvercoins 👉 For the full transcript go to https://financearmageddon.blogspot.com 👉 Amazon Affiliate Links : https://tinyurl.com/sqwekhd Support the channel by clicking here before you start shopping on Amazon: https://tinyurl.com/sqwekhd (heck, even bookmark it for future use if you're feeling extra generous). Thank you to all my loyal fans i love each and everyone one of you Please **like and subscribe** 👉 Follow us on Facebook : https://www.facebook.com/theatlantisr... and on twitter : https://twitter.com/atlantis_report 👉Recommended Economic and Financial books : Destined for War: Can America and China Escape Thucydides's Trap? https://amzn.to/33RwG52 How an Economy Grows and Why It Crashes by Peter Schiff : https://amzn.to/33Tk8Ky Bitcoin: The End Of Money As We Know It https://amzn.to/31TXAqX The Death of Money: The Coming Collapse of the International Monetary System https://amzn.to/2L2688q COPYRIGHT DISCLAIMER: Under section 107 of the Copyright Act of 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, education and research. This presentation contains images that were used under a Creative Commons License. Click here to see the full list of images and attributions: https://link.attribute.to/cc/1269407


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