The Wages Of Massive Global Debt—The Exploding U.S. Dollar

We have repeatedly warned in recent years that systemic crises would re-emerge because the global economy was so unbalanced, so unequal, and based so much on so much USD debt in so many places; and that when they did, USD would go up, up, up – and then up. Nothing else, no-one else would be able to replace it, or to stand in the way of that armour-plated steamroller. Of course, it was always impossible to say exactly when the crises would occur – it was just inevitable that something, at some point, would trigger it.

Well, here we are.