It is exciting to see the price of gold soar to unprecedented levels, but we should also be horrified by what is happening to the U.S. dollar.  For years, many of us warned that debasing our currency was a really bad idea.  There are two primary ways that our leaders have done this.  Firstly, we have added more than 27 trillion dollars to the national debt since 2009.  Borrowing money that we do not have and pumping it into the economy temporarily raises our standard of living, but it also debases our currency.  Secondly, the Federal Reserve created trillions of dollars out of thin air and used it to buy bonds.  A lot of pundits hailed “quantitative easing” as a wonderful thing when it was introduced, but it has had very serious consequences.  Now the wealthy are swimming in cash, but the value of our currency has plummeted and our standard of living has crashed.  The first half of 2025 was the worst first half of a year for the U.S. dollar in more than 50 years.  In other words, the purchasing power of your money has gone way down.

The post Gold Hits $4,000 For The First Time Ever And Silver Is Closing In On $50 As The U.S. Dollar Collapses was first published by Michael Snyder on The Economic Collapse Blog and is republished here with his permission. Please support his efforts.