Any further correction would require the dollar to rise in value, so that owning dollars is more attractive than investing in stocks.
Trump won't let that happen because it would make imported goods cheaper and destroy the American manufacturing base, again.
but what does cheap dollars mean for everyone else who is holding them abroad for payment reasons?
time to buy gold, silver, bitcoin, bullets, and oil
People still prefer dollars over Bitcoin, in commerce. The price rising doesn't seem to affect that.
We would probably need hyperinflation, to get people to drop the dollar, and it's actually difficult to hyperinflate a debt-based currency because a flailing economy causes debt to be retired/written-off/paid-down. Every wealthy country is currently fighting disinflation, not inflation.
hyperinflation will inevitably happen
0 out of 0 historical fiat currencies have not failed... the incredible machinations and convolutions and lies and bullshit and murder that happened to keep the post Bretton Woods USD alive this last 50 years, i think everyone will be relieved when it finally is over and people realise that the problem of not having this cycle of boom and bust happen over and over again every 1-2 generations can actually be over, thanks to the magic of game theory and cryptography
not really magic, but you know what i mean.
i think the important thing is that we are now in a situation where when the dollar fails, there is an angel of vengance waiting to bill the murderous motherfuckers who ran those inflation rackets and reward those who were faithful and saved and did what they could to end this centuries old regime of usury
