Any one of the first four scenarios could undermine the dollar standard, but the final scenario, where interest rates fall very near 0%, would certainly deal it [the dollar] a fatal blow.It would appear that Chopper Man has been listening. It seems Bernanke really does want to destroy the dollar on his own watch. And with the way that sterling seems to have become entangled with the greenback, he probably wants to take the Great British pound down too. (Thanks, Ben.)
So what's the betting on a Japanese-style near-zero interest rate for the dollar in the next couple of months? Weeks? Days? Hours? Minutes? Seconds? Nanoseconds?
Stand by your roller coasters. Because nobody knows what's going to happen next. Especially Chopper Man. Well, not until his shareholders call him first to tell him what to do.