Bitcoin Death Of The US Dollar

There’s been lots of talks about the U.S. dollar losing its status as the world’s reserve currency. While most people still wonder when this is going to happen, I’m here to bring you the shocking truth: It’s already happening right in front of us. But most people fail to realize this because they don’t understand the signs. So, let me break it down for you so you know exactly how this is unfolding and, most importantly, how to protect yourself.

Since the 1700s, we’ve seen 750 different currencies in the world and only 20% of those remain. All have been devalued. This means they buy less today than they did originally, and the U.S. dollar is no exception.

Why Do Currencies Die?

According to Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, currencies die when a country racks up too much debt. The country ends up with four different options:

  1. Austerity (spending less)
  2. Debt defaults and restructurings (e.g., bankruptcy)
  3. Wealth redistribution (e.g. raise taxes)
  4. Printing money and devaluing it

Of all these options, governments always choose to print money because that’s the “easy” route. They don’t have to cut down on spending, piss off creditors or hurt the rich. But that’s how things start to go south for a currency. Let me clarify this for you with historical examples.

This news is republished from another source. You can check the original article here

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