The Dollar's Flight to the Wall

The yen and euros price adjusted reserve shares soared five points over the year, so they gobbled up about two thirds of what the dollar lost. Both currencies have the very appealing feature that they do not topple your country when they don't like your foreign policy. As for gold, a separate article in today's FT reports that central bank buying is off the charts, literally up 152% year on year in 2022. And it is now at 1136 tons, almost double the record high. So what is next? If US dollar does continue on this path, we will see soaring inflation, a catastrophic fall in American Standard of Living, and a US that falls off the world stage, not by