The phrase, “wait till you see the whites of their eyes boys” is rendered by economists as: “wait till you see the silver in their eyes boys.” Always remember that the death of any fiat currency has a silver lining (or gold, or diamond, etc.).
The phrase, “wait till you see the whites of their eyes boys” is rendered by economists as: “wait till you see the silver in their eyes boys.” Always remember that the death of any fiat currency has a silver lining (or gold, or diamond, etc.).
2 Comments
What is fascinating is how fast it is happening. It took the pound a long time to get dethroned… of course, the $ decline makes commodities more expensive, propelling inflation further, prompting the Fed to drop rates even more, slamming the dollar even further … the snap-back will happen when value investors scoop up the dollar since it really *shouldn’t* be dropping so far so fast.
Nice picture.
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