A sudden decline in the dollar is something that would create global economic turmoil and many people are very worried about this situation. If this happens, it's very likely that investors would rush to other currencies, such as the euro, or other assets, such as gold and commodities. Learn more in today's edition of USMR Market Insights with Patrick Brunson.
The Declining Dollar – Video Transcription
Patrick Brunson: 00:00
A sudden decline in the dollar is something that would create global economic turmoil, and many people are very worried about this situation in particular. If this happens, it's very likely that investors would rush to other currencies such as the euro, or other assets such as golden commodities. The demand for U.S. Treasuries would plummet and interest rates would rise dramatically. U.S. import prices would skyrocket causing mass inflation unlike anything we've seen in our nation's history. U.S. exports would also be dirt cheap, giving the economy a brief boost, but in the long run, inflation, high interest rates and volatility would strangle any possible business growth or economic growth within the country. Unemployment would worsen, sending the U.S. back into a recession or even a great depression. This is the biggest fear to most consumers and retirees today because they don't know when they should retire, they don't know what the loss and the value of the dollar is going to look like and the overall security that we crave for our future is very, very uncertain.
Patrick Brunson: 01:09
But the one thing that consumers can do to protect the value of their money until the future of the dollar is clear, is they can protect money in golden commodities. This has been the most traditional way to do so for many years. The reason being is when the dollar drops, goods and services like groceries and gas will rise, but so will the price of gold. It's a form of insurance on the uncertainty with our economy and our dollar. This is why it's very imperative that we all make sure that we are protecting a good portion of our money in our portfolios in gold and other precious metals, especially if we end up in a recession in the next few years, which is very likely by the way.
Patrick Brunson: 01:48
So to get more information on this topic, you can get U.S. Money Reserve's latest report, In Debt & Out of Time. It has a lot of really good detailed information as to how we got into this situation to begin with. But more importantly, it can show you why we are where we are today, and what can happen should our current situation lead to a default or a recession. So to get your copy, click on the link below or call the number on your screen. If you like the information today, please like and share this video, and if you're watching us from YouTube, please subscribe so that you don't miss a single episode. I'm U.S. Money Reserve's Patrick Brunson, and as always, thank you for watching market insights.