Implode-o-Meter News - US Dollar already went off a fiscal cliff -- what does a falling dollar mean to US families? Masking de-leveraging via debt markets.

People tend to forget about financial panics quickly. The US dollar has lost over 90 percent of its purchasing power in the last 100 years since the Fed was established. This purchasing power loss was hidden by the massive expansion in debt markets. People were okay as long as they had access to mortgages, credit cards, student loans, and other forms of debt. But the market can only take on so much debt relative to production. The US dollar has already reached a fiscal cliff if you look at the de-leveraging hit taken by US families

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US Dollar already went off a fiscal cliff -- what does a falling dollar mean to US families? Masking de-leveraging via debt markets.