by Paul Craig Roberts, Paul Craig Roberts:

Someone sent me an article from something called Patriot Alerts, “Morgan Stanley Sounds Alarm On ‘Death Of US Dollar.’”

The death of the US dollar is not blamed on the Federal Reserve printing trillions of new fiat currency during the years of Quantitative Easing in order to bail out the difficulties of the 5 large banks. It is not blamed on the thoughtless US sanctions imposed on Russia, Iran, and other countries, the only effect of which is to encourage countries to abandon the dollar based system, thus causing a drop in the demand for dollars and US Treasury debt.