Today’s chart of the day shows the extreme price action that occurs when a currency collapses. A currency collapse has tended to coincide with hyperinflations and/or economic collapse. The astute reader will note that a chart of the US Dollar exhibits none of these characteristics thus far despite constant cries of insolvency and/or hyperinflation:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.