Competitive currency debasement 101 class is in session

TheStreet/Mike Shedlock

Repost from 1-24-2021

photo of U.S. one dollar bills rolling off the printing press“The Jerome Powell Fed is five for five on doing the very things that would cause the dollar to sink and Yellen supports all of them. Other counties are doing many of the same things and if they weren’t the dollar would be dropping faster.”

USAGOLD note: Ultimately, the markets will judge the Powell-Yellen tandem by what it does, not what it says. Shedlock’s five-point guideline on dollar debasement is worth filing for future reference at the line above……

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