Explains the downward trajectory of Aussie dollar this weekend.
BTW, this is the fate of all western central banks - ECB and Japan specifically. All these puppets have been propping up US treasuries by sacrificing their own people, and ... while we know USD is gonna die soon .... all these currencies will die first. There will be that glorious mirage when 1 USD will be 1 million (or billion?) Euros/Aud etc. Just before it hits the mud as well.
Agreed. That is for sure -- The USD is going to die. I've followed Ron Paul on his analysis of this since the 1980s. Albeit he has long forecast the end of Fed and its fiat currency from at least the 1990s, there's no question we are now approaching that collapse. To see how this plays out, recall the Mexican peso collapse in 1994. In my possession, I had hundreds of dollars in pesos from the many times I went to Mexico. All this Mexican money I had sat in a travel box. One day my son pulled the box out of storage and counted all the Mexican money I had. He suggested I should convert that money to USD. When I called to to do this, I found out all of it was worthless. Just like that. Hundreds of dollars of Mexican money was Puffff. Worthless.
This is what people holding paper denominations will see. History teaches us all paper denominations end up worthless.
What I don’t understand is why the USD is so strong compared to foreign currency right now. Sri Lanka literally had it’s economy collapse because it couldn’t afford gas on the us petrodollar. The POUND is .92 to every USD. That’s crazy!
The USD is the reserve currency. This means the USD is like the "root" of the money tree. Just like a tree, it is the leaves and outer branches that die first. These are 3rd world nations that are affected first. As it gets worse more and more members of the federal reserve system are affected and it works its way back to the reserve currency.
US Dollar is perceived as the world's reserve currency due to the strength and power of the US military. Period.
It is the "Petrodollar" agreement that Nixon put into place when he destroyed the gold-backed US Dollar (which had been the world's reserve currency due to the Bretton Woods agreement in 1945, post-WWII).
Keep an eye on the Russian Ruble (relative value to the US Dollar -- or RUB/USD currency pair). The Ruble crashed in February 2022 on the invasion of Ukraine, bottomed on March 7, 2022, and has been rising versus the USD ever since.
Currently, it is the only currency in the world showing strength against the USD. When (not if, but when) the USD starts to tank, something else will rise in its place.
Will it be the Ruble?
Chinese Yuan is crashing
Japanese Yen is crashing
Other Asian currencies are crashing
Euro is crashing
British Pound is crashing
But ... Russian Ruble ... going up? Hmm ...
Now that I think about it some more ...
Is it possible that the US government will try to impose a block against Americans investing in Russian assets, including the Ruble, even if it strengthens against a declining US Dollar?
Explains the downward trajectory of Aussie dollar this weekend.
BTW, this is the fate of all western central banks - ECB and Japan specifically. All these puppets have been propping up US treasuries by sacrificing their own people, and ... while we know USD is gonna die soon .... all these currencies will die first. There will be that glorious mirage when 1 USD will be 1 million (or billion?) Euros/Aud etc. Just before it hits the mud as well.
Fun fun times.
Agreed. That is for sure -- The USD is going to die. I've followed Ron Paul on his analysis of this since the 1980s. Albeit he has long forecast the end of Fed and its fiat currency from at least the 1990s, there's no question we are now approaching that collapse. To see how this plays out, recall the Mexican peso collapse in 1994. In my possession, I had hundreds of dollars in pesos from the many times I went to Mexico. All this Mexican money I had sat in a travel box. One day my son pulled the box out of storage and counted all the Mexican money I had. He suggested I should convert that money to USD. When I called to to do this, I found out all of it was worthless. Just like that. Hundreds of dollars of Mexican money was Puffff. Worthless.
This is what people holding paper denominations will see. History teaches us all paper denominations end up worthless.
What I don’t understand is why the USD is so strong compared to foreign currency right now. Sri Lanka literally had it’s economy collapse because it couldn’t afford gas on the us petrodollar. The POUND is .92 to every USD. That’s crazy!
The USD is the reserve currency. This means the USD is like the "root" of the money tree. Just like a tree, it is the leaves and outer branches that die first. These are 3rd world nations that are affected first. As it gets worse more and more members of the federal reserve system are affected and it works its way back to the reserve currency.
US Dollar is perceived as the world's reserve currency due to the strength and power of the US military. Period.
It is the "Petrodollar" agreement that Nixon put into place when he destroyed the gold-backed US Dollar (which had been the world's reserve currency due to the Bretton Woods agreement in 1945, post-WWII).
Keep an eye on the Russian Ruble (relative value to the US Dollar -- or RUB/USD currency pair). The Ruble crashed in February 2022 on the invasion of Ukraine, bottomed on March 7, 2022, and has been rising versus the USD ever since.
Currently, it is the only currency in the world showing strength against the USD. When (not if, but when) the USD starts to tank, something else will rise in its place.
Will it be the Ruble?
Now that I think about it some more ...
Is it possible that the US government will try to impose a block against Americans investing in Russian assets, including the Ruble, even if it strengthens against a declining US Dollar?
Just a thought.