This Dirt Cheap Asset Can Make You Rich In 2023, They Don't Want You To Know This Truth

Why No One Is Talking About This Opportunity?? This Dirt Cheap Asset Can Make You Rich In 2023 Jim Rickards
“Soon you might not be able to buy gold at any price,” says the famous American lawyer, economist, and investment banker; Jim Rickards. He also believes that the price of gold will surge to $50,000 an ounce. You must be wondering how is it possible. But, let me tell you, it is possible. Let’s dive right into how and why this could happen in three simple steps.
First of all, when we talk about the dollar collapse, we see two viewpoints. There are many smart people in both camps who have justifications for their opinions. For instance, people like Jim Rogers, Jeffrey Snider, and Brent Johnson are of the view that the immediate dollar collapse actually is quite unlikely and they think that the dollar will go up first and then it would decline. Contrary to this, people like Jeffrey Gundlach and Jim Rickard believe that the collapse of the dollar is inevitable and it has to go down. But what makes it surprising is that none of these two schools of thought deny the collapse of the world’s currency. Rather, they all have agreed on the fact that the US dollar to dislodge its preeminent status as the world’s currency and will collapse ultimately. We have seen that the Russian-Ukraine war has pushed the dollar up for a while but the fact is that it couldn’t sustain its momentum and has started declining. Let’s see the insights of these viewpoints of the dollar collapse.
Brent Johnson’s Dollar Milkshake Theory is a strong counterpoint to the narrative that the next currency crisis will result in a weaker dollar. Brent’s theory highlights that the opposite might be true. Brent made his argument by stating the fact that most of the world’s countries including the US neighbors have a lot of dollar-denominated debt. Similarly, many corporations and business entities in these countries also have dollar-denominated debt. Hence, it makes the demand for dollars stronger outside the US which consequently upholds the dollar’s value in an artificial manner. And can be seen by the fact that the dollar index-DXY is currently trading around 104, implying that the dollar is 10.4% stronger than a basket of six major currencies. In addition, the US Fed began raising interest rates in March this year to control rising inflation after reducing its quantitative easing program to zero between 2021 and early 2022. The FED has raised rates many times during the last 9 months resulting in the current rate of 4.5%. As a result, the US dollar has risen dramatically against other currencies and asset classes.
So according to the dollar milkshake theory, the United States is stuck in a cycle in which it must protect the stock market from collapsing. As a result, excessive quantitative tightening leads to bearish stock markets, raising the risk of a recession or even full-fledged stagflation. To avoid this, the Fed will be forced to reverse course and print more dollars in order to restore global liquidity. This will cause another inflationary cycle, forcing the FED to tighten again, and the cycle will continue.


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