As most readers know, I believe the dollar is doomed. My conclusions are reached via economic analysis.

Richard Maybury is an excellent analyst who reaches the same conclusion but does not depend upon directly on economics to support his position. His analysis is political and geopolitical, grounded in Lord Acton’s admonitions about what power does to people in general and rulers in particular.

In a recent presentation, Mr. Maybury describes why the dollar will die regardless of economic policies:

But I’m here to call your attention to something other than the economics — something much bigger  —  that’s sneaking up on us unnoticed, and that’s war.

Even if all the economic analysis at this conference is wrong,  I think the dollar is still going to die, because it will be killed by war.

I’ll finish by emphasizing that the problem isn’t people, it’s power.  Political power corrupts the morals and the judgment.  The American golden age can be restored, but only after we drastically reduce the government’s power.

I am in agreement with his thesis and encourage you to read his presentation and possibly subscribe to his (for pay) service.