| Let’s say that during the 100 meter dash in the Olympics, the timer stopped working, the judges wore blindfolds and the camera feeds all shutdown mid-way through the race. Would you trust or believe it if one of the runners claimed that he not only won the race despite trailing his opponent by two seconds… but that he also set a world record time? Would you even consider the race legitimate? This is a Serious Development for U.S. Investors I believe the current rapid collapse in the $USD is telling us the currency markets (the largest most liquid markets in the world, and most sensitive to systemic changes) believe the U.S. has lost credibility as a country on the global stage. I do not write that last paragraph carelessly. The U.S. maintains a long-held a prestige due to its adherence to the Rule of Law and the transparency and credibility of its institutions. I want to be clear here: I’m not saying the U.S. is devoid of fraud or scams; I’m simply stating that the country’s legal system and institutions are set up with enough checks and balances that generally speaking systemic fraud is less likely. This is one reason why the U.S. stock market typically attracts so much capital from global investors: The world knows the U.S. has credible accounting standards and creditworthiness. A rigged U.S. presidential election involving such abject systemic fraud indicates that U.S. institutions are no longer credible. This would effectively suggest the U.S. becoming something of a dying empire or a banana republic. And that is why the $USD is collapsing so rapidly. To the bigger point, this $USD collapse is just one symptom of the systemic weakness that’s been building beneath the markets. This loss of confidence could spread like wildfire to other sectors and become the tipping point of a serious downward spiral in all the markets. I’ve written a report detailing what’s happening and how it may all play out. You can read all the details here. Best Regards,  Graham Summers Editor, Money & Crisis |
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