FAST FIVE: Von Greyerz: The Nightmare Scenario For The World
We don't have that view.” THE IMPLODING DOLLAR So here we have a dollar that has lost 85% against gold in this century and 40% since 2018.
How can the CIO of the mighty GS say that the dollar is not being rebased. History certainly tells us that she is not telling the truth.
Or does she believe that the dollar won't go down in coming years.
At that point I would expect the ratio to collapse in line with most stocks and be substantially below 0.5 to 1.
If we then look at the velocity of MZM we see how it reached 3.5 in 1981 when inflation was high and interest rates reached 20%.