Dollar Collapse Continues: Here Is Support

The U.S. Dollar (DX) decline continues. Yesterday, Federal Reserve Chairman Jerome Powell continued his extreme dovish, print money policy. While stocks like a weaker Dollar it is not sustainable long-term and the Dollar collapse will continue. A decline in the Dollar and easy money means money can continue to flow into assets like stocks and commodities. The U.S. Dollar is at multi-year lows and headed lower.

On the DX there is no support until 89.00. It is currently at $89.70. When it hits 89.00, expect a bounce but not a long term trend change. Ultimately, the U.S. will continue to run up debt and print money until the bubble bursts. When that happens, not even the Federal Reserve will be able to save us. My guess is the Federal Reserve will be blamed and ultimately be their demise. From the ashes, a crypto-style Dollar will emerge that neither the government nor a Federal Reserve can print without repercussions. The people will demand it after the Dollar collapse.

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