That's just the money cycle. Ray Dalio explains it in his new book, "How Countries Go Broke, Principles for Navigating the Big Debt Cycle, Where We Are Headed, and What We Should Do" (https://www.principles.com/)
The short explanation is that every major currency goes through a cycle; and what you're seeing is the late stage in a currency.
The short explanation is that every major currency goes through a cycle; and what you're seeing is the late stage in a currency.