The dollar has recently been stronger against the Euro, Pound, Yuan, Ruble, and Yen.
What does that have to do with my point? The petrodollar is (for now) the reserve currency and has a place of privilege where it can generally farm out the effects of it’s overprinting and mismanagement to other countries and currencies.
The dollar is STILL in freefall though. Look at purchasing power. The prices of groceries, houses, lumber, commodities etc
I attribute this to the COVID cash giveaway where we printed 20% of all the dollars that had ever been printed in history up to that point.
Yes
What does that have to do with my point? The petrodollar is (for now) the reserve currency and has a place of privilege where it can generally farm out the effects of it’s overprinting and mismanagement to other countries and currencies.
The dollar is STILL in freefall though. Look at purchasing power. The prices of groceries, houses, lumber, commodities etc
I attribute this to the COVID cash giveaway where we printed 20% of all the dollars that had ever been printed in history up to that point.
Laughs in Canada.
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