It has been for over 100 years. The acceleration began when Roosevelt confiscated gold from the people. Nixon put Nitro in the tank when he stopped paying US debt with gold and sent dollars (fresh off the printing press) to our debtors. As long as oil is traded in US dollars, the dollar is propped up. When a country tries to stop trading oil in dollars, such as Iraq did, then the US military will step in and stop it. The dollar is still going down and will continue to do so. Don't think so? What would a dollar buy in 1980 vs today.
It has been for over 100 years. The acceleration began when Roosevelt confiscated gold from the people. Nixon put Nitro in the tank when he stopped paying US debt with gold and sent dollars (fresh off the printing press) to our debtors. As long as oil is traded in US dollars, the dollar is propped up. When a country tries to stop trading oil in dollars, such as Iraq did, then the US military will step in and stop it. The dollar is still going down and will continue to do so. Don't think so? What would a dollar buy in 1980 vs today.