US Dollar Plummeting Against Commodities and Other Currencies
by Jeff Paul, Activist Post:
The US Dollar is quickly weakening compared to commodities, cryptocurrencies and other national currencies. Is it a normal cycle? Or is it something more serious this time?
Economist and money manager Peter Schiff recently summarized the current trajectory and consequences of the falling dollar in this tweet:
The U.S. dollar Index just broke below 90. Which will happen first, Dollar Index breaks below 80, Gold breaks above $1,500, 10-year treasury yield rises above 4%, or oil prices rise above $100 per barrel? What happens to the stock market & the economy if all 4 happen this year?
— Peter Schiff (@PeterSchiff) January 24, 2018
The dollar has fallen to its lowest level on the US Dollar Index (DXY) since December 2014:
The US Dollar is considered one of the least-worst national fiat money in times of financial crisis because of its petro-dollar status as the world’s reserve currency. Yet everyone is beginning to understand that it will eventually lose that status and its dominance. But when?
The recent peak in the strength of the petro-dollar was also marked by a low of $40.59 for a barrel of oil in January 2016, and it has been on a clear march higher for the past six months.
Read More @ ActivistPost.com
Source: https://www.sgtreport.com/articles/2018/1/30/us-dollar-plummeting-against-commodities-and-other-currencies
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).