America is On A Collision Course with Hyperinflation – With No Way of Stopping It

Banknotes of United States of America - dollars are burning in flame of recession

Since 1944, the dollar has been the only currency accepted throughout the world for settlement of international trade accounts among nations – but that’s changing before our very eyes, and it could leave Americans susceptible to hyperinflation.

The petrodollar arrangement is breaking down as hostilities throughout the globe mount and the U.S., under Biden, continues to print ridiculous amounts of money to fund things such as the war in Ukraine.

The issue is, as the world abandons the dollar as the standard, the value of the dollar will plummet as well.

This is why it’s extremely concerning that there are several organizations that are cooperating to develop an alternative to the dollar for the settlement of international trade.

 

The conflict in Ukraine, and the United States’ decision to fund their war effort against Russia has brought on the accelerated effort to move away from the dollar standard.

The BRICS (Brazil, Russia, India, China and South Africa), the Shanghai Cooperation Organisation (SCO), and the Eurasian Economic Union have formed a working group to develop a commodity based medium of exchange that intends to supplant the dollar as the premier means for the settlement of international trade.

A successful alternative reserve currency would diminish demand to hold dollars. When demand for dollars drops, its price, or purchasing power, must drop unless and until its supply drops.

Many countries currently using the dollar, such as Saudi Arabia, have announced their intensions to join the project and many more will likely follow.

This means in essence that the dollar will soon lose its status as the world’s reserve currency and we’ve seen things like this play out in the past.

This would leave the U.S. in the same situation that Germany’s Weimar Republic experienced following World War I.

The Reichsbank, Germany’s central bank, printed papiermarks to appease powerful constituencies within Germany. As the Reichsbank printed more money, the purchasing power of papiermarks dropped.

Rising prices led those constituencies to demand increases in pay and benefits. Industrial labor unions, government civil servants, welfare recipients, old age pensioners whose life savings were being decimated—all demanded more money.

Then came the strikes and violence – which convinced the Reichsbank to print even more money which only worsened the cycle until the papiermark eventually become so worthless that people were burning it just to provide heat for their homes.

The U.S. is currently somewhere in that very cycle meaning that hyperinflation is much more of a possibility than the politicians leading us into these potentially dark and dangerous times would have us believe.

The worst part is that we may be at a point where there is simply nothing that can be done to reverse the damaging effect that decades of careless government spending has had and the situation may be completely unavoidable.


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