There are any number of reasons why the Greenback is now arsepaper. I'll start with some.
1: ....
Americas debt to GDP ratio? - 110%
Germanys debt to GDP ratio? - 50%
Australias debt to GDP ratio? - 10%
2. America keeps printing Greenbacks without asset backing. It's quaintly called "Quantative Easing".
This is Banker BS-speak for, "we are turning your dollar into liras, and you have no idea how this is going to affect you in the long-term".
Basically, it means America will end up like Germany in 1923, trying to cope with massive hyperinflation.
3. In America, house prices have tanked by 34% on average since the Great Financial Collapse of 2008, and they're still going DOWN.
Slowly, yes - but still on a downward trend. In other words, put your money into the average piece of U.S. real estate, and see it slowly decline in value.
4. ....
Americas current annual economic growth rate? - 1.9% (IF things go well for the remainder of the calendar year)
Chinas current annual economic growth rate? - 8.5% (down from nearly 10% - oh dear
)
Australias current annual economic growth rate (todays figures) - 4.5%
Did anyone see where, last week, Japan and China have now agreed to trade their currencies on a direct basis? That is, China & Japan will now swap currencies denominated in Yen and Yuan.
Previously to this point, China & Japan only did currency trades of their monies, denominated in US Dollars.
5. The message from this move by China & Japan?
The Greenback, as the world's fallback currency, and the backstop for every economic situation, is now regarded as irrelevant by China & Japan. It no longer has the power it once had. It is history.
It is regarded as having no worthwhile value in the worlds economy in the future, by China & Japan. Both China & Japan see more value in the strength of their own currencies.
For the greedy bankers of Wall St, the skies are filling with chickens coming home to roost. The only problem is - they have turned into vultures while they were out. They can spy a bloated carcass from miles away.