For the second time this week I have come across a long article discussing the impending economic decline of the United States using the analogy of the Emperor’s New Clothes. In the famous fable, it takes a little boy to point out that the Emperor is actually not wearing any clothes.
When will the world at large realise that the US Dollar that we have grown up with is a fiat currency? How long will it be before we wake up and find that the money we use today is not a store of value and that it’s purchasing power continues to decline.
The clock continues to tick towards inevitability.