Adam Taggart, Wealthion
JUL 29, 2021
The US dollar has been around for a long time.
But will it last much longer?
While the dollar has been in existence for over 200 years, the current fiat version -- which isn't backed by any hard collateral like the gold and silver it once was prior to 1971 -- is only now just turning 50 years old.
And in the five decades since making its debut, our current fiat dollar has lost 85% of its purchasing power.
That's been the result of rampant inflation caused by the US government's reckless policies, huge debt build-up, and massive deficit spending.
At our current rate, how much longer until folks start rejecting the US dollar for alternatives that hold their purchasing power better?
I tackle that in today's video, assisted by the expert brainpower of John Rubino, Lyn Alden and Stephanie Pomboy.
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