The US Dollar Selloff Continues. By Gregory Mannarino
It is certainly no secret that we have been witnessing an ongoing selloff with regard to the US dollar which is concerning. (Even the mainstream financial media is covering it), and that should tell you something...
The selloff in the dollar is playing out in a very interesting way, for example: Bitcoin has been surging during this dollar sell off, and It should be obvious to everyone at this point that king dollar is well, losing it.
So what's the issue here?
As the US dollar continues to be dumped it loses purchasing power, and therefore anyone holding a dollar is in reality becoming poorer despite holding the same amount of them.
I cannot stress this point enough, the SmartMoney continues, and will continue to diversify out of the dollar and other world central bank issued Fiat currency's.