{"id":1554,"date":"2014-11-13T12:41:16","date_gmt":"2014-11-13T17:41:16","guid":{"rendered":"http:\/\/olduvai.ca\/?p=1554"},"modified":"2014-11-13T12:41:16","modified_gmt":"2014-11-13T17:41:16","slug":"charles-hugh-smith-why-the-rising-u-s-dollar-could-destabilize-the-global-financial-system","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=1554","title":{"rendered":"charles hugh smith-Why the Rising U.S. Dollar Could Destabilize the Global Financial System"},"content":{"rendered":"<p><a href=\"http:\/\/www.oftwominds.com\/blognov14\/rising-USD11-14.html\">charles hugh smith-Why the Rising U.S. Dollar Could Destabilize the Global Financial System<\/a>.<\/p>\n<p><span class=\"Apple-style-span\" style=\"color: #404040; font-family: Verdana; font-size: small; line-height: normal;\"><b>I have been suggesting for several years that the U.S. Dollar would confound those anticipating its demise by starting a long secular uptrend.<\/b><\/span><\/p>\n<p>In early September I made the\u00a0<a href=\"http:\/\/www.peakprosperity.com\/blog\/86923\/dollar-may-remain-strong-longer-we-think\" target=\"_blank\">case for a rising U.S. dollar<\/a>, based on the basic supply and demand for dollars stemming from four dynamics:<\/p>\n<ol>\n<li>Demand for dollars as reserves<\/li>\n<li>Other nations devaluing their own currencies to increase exports<\/li>\n<li>\u201cFlight to safety\u201d from periphery currencies to the reserve currencies<\/li>\n<li>Reduced issuance of dollars due to declining U.S. fiscal deficits and the end of QE (quantitative easing)<\/li>\n<\/ol>\n<p>Since then the dollar has continued its advance, and is now breaking out of a downtrend stretching back to 2005\u2014and by some accounts, to 1985:<\/p>\n<p class=\"rtecenter\"><img decoding=\"async\" src=\"http:\/\/media.PeakProsperity.com\/images\/chs-dxy-us-dollar.jpg\" alt=\"\" width=\"550\" \/><\/p>\n<p class=\"rtecenter\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>charles hugh smith-Why the Rising U.S. Dollar Could Destabilize the Global Financial System. I have been suggesting for several years that the U.S. Dollar would confound those anticipating its demise by starting a long secular uptrend. In early September I made the\u00a0case for a rising U.S. dollar, based on the basic supply and demand for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1099,1098,839],"class_list":["post-1554","post","type-post","status-publish","format-standard","hentry","category-economics","tag-currency-devaluation","tag-currency-wars","tag-us-dollar"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1554"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1554\/revisions"}],"predecessor-version":[{"id":1555,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1554\/revisions\/1555"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}