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Eric Janszen: We Are Witnessing The Death of the Dollar

What do you get when the producer of the world's reserve currency takes on too much debt? Nothing less than the end of the US Treasury-based monetary system. So says Eric Jansen, economic and financial market analyst and proprietor of iTulip.com. In chronicalling the decline of the global economy over the past decade, Eric has formulated a framework called the "Ka-POOM" theory which endeavors to understand how the immense run-up in global debt will be resolved. In short, it looks at the at the credit bubble that began in the early 1980's, started accelerating in 1995, and has now reached epic proportions. The amounts are so staggering at this stage that Eric believes it is too politically undesirable to let natural market adjustments clear them away - the magnitude of the deflationary pain this would create is simply unacceptable for politicians looking to get re-elected. The only other available option left is to service these debts via a dramatically devalued currency. Hence the key role the Fed is playing today.
Length: 43:47

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