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MishTalk/Michael Shedlock/5-25-2020
“US Congress has authorized several trillion dollars in Covid-fighting stimulus programs. So what’s holding the dollar up? I remain amused by all the calls of hyperinflation and high inflation given the Fed has turned on the printing presses. However, currencies cannot be viewed in isolation. To those expecting a total US dollar collapse, here’s my word of advice. Stop being so US-centric.”
USAGOLD note: When the printing press is running at full speed for all currencies, gold is the clear winner and that is why it is at all-time highs in many of the world’s currencies. The exception is the dollar, but that might be temporary. Mish asks a second question (the first is in the headline): “Got gold?”