Will the dollar base here of plunge into the cesspool?

 The Uncle Joe Biden administration has yet to take office, but it already has a significant major crisis on its hands; that of a deteriorating U.S. dollar due mostly to massive cyber-FED-money printing and massive new fiscal deficit debt! The greenback has declined over 13% since March 2020. That is a significant decline on its own, and it has provided some great profit tailwinds for multi-national firms (most Dow components and SPX-100 firms). However, what is particularly concerning is the fact that the U.S. dollar continues to without to date staging a short-covering reversal rally.  Put another way, this decline is occurring with little if any short-term trend-breaks.

We are currently seeing a potential dead cat bounce off of near-term critical support however, once we take out the old lows of 88.25 the dollar has no real support until 83.10 thereafter 79.00 that would be serious trouble.

Ø  The ONLY time in history that the U.S. dollar plunged to such levels was when a major Black Swan event was taking place or about to take place in the global financial system. Bear in mind, this is a major contagion before Uncle Biden administration implements their 1^st round of “bailouts” approximately cost $1.9 trillion a so-called stimulus program along with another $2 trillion infrastructure program and this is the makings of an inflationary shit-storm.