The authors of this article discuss what they believe to be the impending collapse of the US dollar. They forecast that the fall in value of the US dollar will happen in progressive stages of decreasing confidence:
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First the dollar starts to experience decreasing levels of confidence (an event which is currently happening)
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As confidence is whittled away the currency appears relatively stable
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Then a particular event will occur that triggers a breakdown and the currency drops suddenly, like falling off a cliff, until it finds a short-term bottom and it holds that level for a period as though on a plateau
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The process then repeats itself
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The degeneration then accelerates, so the fall from the cliff to the next stable plateau happens more quickly
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Then the height of the cliff [the fall] extends until it grows at an exponential basis
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The final collapse will occur when the currency is completely discredited and used only by those unfortunate to have no other choice
Read the full article at Kitko.com
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