The US Dollar Turns 50, But Does It Only Have A Few Years Left? | Adam Taggart On Debt and Currency

The US dollar has been around for a long time. But will it last much longer? You see, while the US dollar has been in existence for over 200 years, the current fiat version -- which is not backed by any hard collateral like the gold and silver it once was prior to 1971 -- is only now just turning 50 years old. And in the five decades since the US dollar made its debut, our current fiat dollar has lost 85% of its purchasing power. That's been the result of rampant inflation caused by the Federal Reserve and the US government's reckless policies, huge debt build-up and massive deficit spending. At our current rate, how much longer until folks start rejecting the US dollar for alternatives that hold their purchasing power better? See the YouTube Video for the charts and graphics: https://youtu.be/mTCvcarydhM Learn more about your ad choices. Visit megaphone.fm/adchoices