[david927]

I don't know if it's easy to explain but history is certainly filled with examples of monetary policy gone off the rails.

The Nixon Shock in 1971 set off a chain of dominoes that can be seen here: https://wtfhappenedin1971.com

Detaching from a base allowed for central banks to print their way out of financial setbacks but that only delays the effects and makes them worse. The US Dollar survived for a long time because of its attachment to oil (the Petrodollar) giving it special status but that's all eroding now.

Up until recently the world used to revolve around the US Dollar, but now the world is slowly becoming multi-polar, splitting with BRICS economies on the other side. What will happen next is anyone's guess.

> Is there even a morsel of truth to these theories?

In my humble opinion: Yes. More than a morsel.