The Shrinking Dollar

The following is an excerpt from my other site,

The chart below shows the shrinking value of the USD. I recently watched a documentary called Collapse where Michael Ruppert discusses peak oil, the economy, as well as eludes to a deteriorating dollar. I highly recommend anyone to watch it as it provides a rarely talked about insight into oil and its effects on the world economy. I believe that the US dollar will deteriorate and that inflation as well as other macroeconomic catalysts will continue to push gold prices up. I don’t think we need to revert to gold-backed currency, but a fundamental change needs to happen and Fed-backed purchases, more easing, and printing money aren’t the answer as history has shown us.