....But that's all it is. Embarrassing.
The worlds reserve currency is so easy to short because of the carry trade.
The en vogue trade right now in currency circles is the US Dollar Carry Trade. Simply stated, investors can borrow dollars and purchase assets in other countries and earn a much higher yield. They make the difference in yields. Currently the 3 Month USD LIBOR is 0.299%. The 3 Month YEN Libor is at .366%. Easy trade that will continue unless either short rates rise or market collapses. Either way, dollar bulls need massive pain to be inflicted for them to be right.
There is no immediate Geo-Political problem with a continued dollar slide, after all we have 9600 nuclear weapons in the event some joker wants to change the landscape.
Now, I believe there is massive long term damage to our economy and spending power if we continue to print money, but that is the only way these cats know how to keep a corrupt rotten to the core system up and running.
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