Goodbye dollar, hello inflation

The dollar is no longer the world’s reserve currency. This is the statement you heard twice in one day if you were checking out the news on Bloomberg over the past 24 hours.

First, we heard it from economist Clifford Bennett of Sonray Capital, who said the Euro was the world’s new reserve currency and that this idea was now universally recognized.

Next we heard it from investor Jim Rogers, who has been bearish on the dollar and the state of the US economy/fiscal outlook for quite some time.

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