The emerging markets are starting to show cracks -- Argentina, Turkey, and now Brazil --they have debt that is denominated in US Dollars and now the the Fed has turned off the tap and US corporate taxes have been lowered - money is repatriating back to US -- there is a massive US dollar shortage out there in the world and it is only going to get worse. These countries that have debt in US dollars need to acquire US dollars to pay this debt back and this feed back loop will drive the US dollar higher. As the dollar gets stronger it will have a knock on effect that will trip more and more fiat currencies. This is what Jim Rickards says and I don't always agree with everything he says, but I think he is spot on. Jeffrey Snyderman is also someone who knows alot about US dollars and in particular the Euro dollar which is a story in itself. Maneco you should do a piece on explaining the Eurodollar to your audience. I live in the US and hold dollars - gold and silver is down in dollars and like I said yesterday I do not buy silver until it gets over the 80 to 1 ratio (when it gets that wide I can't help but buy silver -- historically gold silver ratio is 16 to 1 and if you really want to know it is actually less than that because silver is no longer profitable to mine at these prices and most of the silver we get is a by product of other metal mining, thus there has not been much silver exploration - so when silver prices go up it will take time for the silver mining market to catch up to demand which will make silver prices high for a while). I am not sure if US dollar will get stronger all by itself or if gold and silver will rise with, but if you are someone that does not live in US and does not hold US dollars I would definetly sell whatever country denominated fiat you have for gold and silver. The US dollar will get stronger and stronger and will be the last fiat standing before it too goes bust (how long this takes and when it happens nobody knows, but it is a certainty that it will happen, all fiats in history have gone to zero and this time is no different). As for inflation, we still have a very very low velocity of money and until the money gets into the hands of the masses there will be no inflation, this is key -- something else you might want to explain to your audience -- velocity of money is a very important concept when it comes to inflation, FED has injected 21 trillion into system and still no hyper inflation -- reason low velocity of money.