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LogicaL Chaos
Ascension Energy & Alien UFOs




Registered: 05/12/07
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US Dollar and the Euro
#27921674 - 08/27/22 06:29 PM (1 year, 4 months ago) |
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Looks like the value of the US Dollar is on the uprise as the Euro sinks to the value of a US Dollar. Unreal!
https://abcnews.go.com/Politics/wireStory/us-dollar-equal-euro-impact-felt-86380517
Will this trend continue into the near future?
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Asante
Mage


Registered: 02/06/02
Posts: 86,795
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I heard talk of the euro becoming 80 cents of 1 dollar. I wouldnt hang my coat on that though, trade balances will work overtime to prevent that.
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Ahab McBathsalts
OTD Windmill Administrator




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Re: US Dollar and the Euro [Re: Asante] 1
#27921735 - 08/27/22 07:13 PM (1 year, 4 months ago) |
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I made this thread 2 months ago and it didn't get any traction. Good luck OP.
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LogicaL Chaos
Ascension Energy & Alien UFOs




Registered: 05/12/07
Posts: 69,310
Loc: The Inexpressible...
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got a link?
Asante, id be definitely suprized if the Euro drops that low.
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Brian Jones
Club 27



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I don't understand all the ins and outs. I keep reading lower/higher exchange rate is a mixed blessing.
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Ahab McBathsalts
OTD Windmill Administrator




Registered: 11/25/02
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-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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Asante
Mage


Registered: 02/06/02
Posts: 86,795
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in theory, more and more currencies will get unstable and lock onto the us dollar to stay afloat, which in of itself will make the dollar stronger if that were the only force at work.
It isnt, because the gash of printing dollars increases exponentially, debasing them.
combine these two forces and the dollar becomes a pump to siphon the wealth of american citizes and the people of the world into the hands of the happy few, a pump that pum,ps faster and faster until it catastrophically breaks.
There will be a new currency, a central bank currency, but before that the doillar is ran into the ground in a way to trabnsfer as much wealth as possible froim the many to the few.
this is why tangible assets are important. Why crypto is important. Why decreasing exposure to euro and dollar is important. Why upgrading the sustenance and safety of your home is important
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Ahab McBathsalts
OTD Windmill Administrator




Registered: 11/25/02
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Re: US Dollar and the Euro [Re: Asante]
#27923010 - 08/28/22 06:40 PM (1 year, 4 months ago) |
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Have you read Ray Dalio's book Principles for a Changing World Order?
His premise that that currencies regularly fail spectacularly and that the USA has crested the peak of it's usefulness. China is most likely to be the next global reserve currency.
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gopher
Coffee Bean Extraordinaire



Registered: 11/22/17
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Want to see something I can't understand, see Michael Maloney secrets of money episode 4
Its crazy complicated
Anyways fiat currency never worked as far as I know, and if the USA dollar starts to tank, everyone's dollars will come out of hiding buying as much stuff as the can making inflation worse, theres a lot of us dollars stashed around the world
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