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Rising Dollar Close to Disaster Trigger

By Rick Ackerman Posted on September 16, 2020, 4:55 pm EDT Last Updated September 18, 2020, 5:33 pm EDT

Rick held this unscheduled presentation on Thursday, September 17, to explain why the recent rise in the dollar could be warning of disaster. If the dollar continues to rise, he notes, it will undo Fed stimulus, cause stocks and bullion to fall, and make it impossible for the central bank to meet its 2% inflation target. Worst of all, it could mark the beginning of a massive, deflationary squeeze on all who have borrowed dollars. The alarm would come if DXY, the  Dollar Index, hits 93.99; it is currently trading for around 93.09. Rick also discusses strategies to safeguard one’s nest egg and the possible long-term effects of deflation on bullion.

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  • CD September 23, 2020, 1:35 am

    Hello Rick,
    I enjoy reading your thoughts and missives, thanks for making them available.
    So, DXY 93.99 was your line in the sand. Tonight, Tuesday just after 10pm, we’re at 94.14.
    Any follow-up comments ?

    Thanks again, and continued good fortune.

    ps.. I’m in the Deflation first, then Stagflation, then Inflation camp

  • William Prather September 17, 2020, 8:55 pm

    Thank you.

  • jack gollings September 17, 2020, 7:37 pm

    excellent

  • Steve September 17, 2020, 6:53 pm

    The agriculture sector has been doing well what do you think for future

    &&&&&

    Potato farmers mortgaged at 100% when the Weimar hyperinflation took off paid back their loans with proceeds from the first harvest    . RA

  • zextar September 17, 2020, 6:43 pm

    Who am I to disagree with Rick BUT I firmly believe his deflationary prediction will be but blip. The central banks have clearly shown the path they will take and standing idle during a deflationary event, regardless of size, is not reality. Kitchen sink, sofa, TV, the house will be thrown at it within weeks, a multi-trillion worldwide printing event which should unleash inflation genie from the lamp and subsequent loss of confidence and currency crisis. Gold is rising because those in the know are buying at any price. Deflation will be how we come out of this not how it starts. Expect a digitally backed gold crypto as the new world currency, likely China led with their 20,000 tons hoard unveiled, but probably not accepted until Russia, Germany, and the Swiss in it as well and dollar revalued as a stand alone currency. There goes under the table employment and deep state gets what they, legalized monitoring and control of our freedom of mobility and privacy. I’ll stop there as I’m looking for that rope to hang myself again. Cheers


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