There is a constant demand for dollars because oil can not be bought without dollars. It is called the petrodollar. saddam hussein and Gaddafi are the only two who tried to move away from the petro dollar(we know what happened to them). So as long there is a demand for oil there is a demand for dollars. As soon as the dollar is not longer accepted as the petrodollar that demand will plummet and the dollar will crash.
"Unfortunately just like 1976, a true economic recovery is not just
around the corner. More likely we are in the eye of an economic storm
that will blow much harder than the stagflation winds of the Jimmy
Carter years. And once again the establishment is using the decline it
the price of gold to validate its misguided policies and discredit its
critics. But none of the problems that led me and other modern day gold
bugs to buy gold ten years ago have been solved. In fact, monetary and
fiscal policies have actually made them much worse. The sad truth is
that as bad as things were back in 1976, they are much worse now.
Whether as a nation we will be able to rise to the occasion, and
actually finish the job that Ronald Reagan and Paul Volcker started
remains to be seen.
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