I had a deam last night (weird thing to dream about, I know) about how when the US prints a shed load of money, other countries have to print more of their own currency too, especially if they do a lot of trade with the US.
Otherwise, the dollar devalues against their currency (thus making their currency stronger) and making their exports more expensive and less competetive.
Does anyone know if that's actually a thing? Or have I finally taken a dive off the deep end <rhetorical>.
Pretty spot on.
Wow, if you are learning these things in your dreams, you dont need books or videos. Please share your dreams with us everyday.
I don't often remember my dreams these days, but that's another story ;)
It is a thing. But it's only part of the story. A country that exports to the US would be a less competitive exporter, but countries that import from the US would receive more for the same price. And each country has other considerations as well, like whether they trade with other countries, and how devaluation their own currency plays locally. So it's not a direct link.
Got it, thanks.
was your dream anything like this?.
https://youtu.be/mII9NZ8MMVM?si=2cIkuZER0O8oY_Hx
wow, that's a blast from the past - well worth a rewatch too, thanks
at 1:58, "put em on- you're gonna need em"
Thank GOD this fake currency worldwide is nearly dead. THEN I will dream, until then it is still a nightmare.
This is why we need a consistent exchange rate. Gold?
Yep, it's called currency wars, countries like China intentionally devalue their currency to make their exports more competitive. Here's the best redpill video on how insane money printing is. A Literal pyramid scheme where debt is impossible to pay off without removing all money from existence. https://youtu.be/iFDe5kUUyT0
not a moneypede, BUT why would they want the dollar valued more against their currency? if the exchange rate buys them more dollars, then so be it. I doubt they print more of their own to match the amount printed by the usa.
It makes their exports more expensive if their currency is strong against the country they are trying to sell to, so they lose out on price.