Tag Archive: dollar

How Surging Bank Deposits May Collapse the U.S. Dollar

June 26, 2020 10:51 am Published by Leave your thoughts

As the Fed has flushed the economy with stimulus since COVID-19 reached our shores, Americans have flooded banks with a record $2 trillion in new deposits. But while bolstering your savings may give you comfort, one former big banker is warning that this could be a signal that the dollar is going to fall "very, very sharply." Here's what has him so concerned.