you might correct with this assessment, currently the geopolitical situation of the US dollar is headed for an existential crisis as Russia-centric countries li

you might correct with this assessment, currently the geopolitical situation of the US dollar is headed for an existential crisis as Russia-centric countries like BRICS, some european countries and Saudi are now looking to move away from pegging to USD. It's not clear whether they will succeed but should be enough of a threat that the only way to combat an attack on USD would be to raise rates significant enough on top of the pressure from inflation (nobody is buying that we have only 8% inflation, many economists are putting it at about 17%, which is absolutely unprecedented and we can no longer print money, somewhere around over half of the current USD supply was printed post 2020!!!! this is not sustainable!) Recall that in the 70s, 80s, we had double digit interest rates. 14%: The GDP was 3.2% in 1979, unemployment was 6.0%, and inflation was 11.3%. and the next year immediately: 20%!!!!: The GDP was -0.3% in 1980, unemployment was 7.2%, and inflation was 13.5%. Even through out the 90s we had 6% to 9% range with inflation at around low single digits! In fact it took from 1979 to 2002 for rates to come low to what we have had 1.25%: The GDP was 1.7% in 2002, unemployment was 6.0%, and inflation was 1.6%. The following tables have data taken from The Federal Reserve. it rose to 4, 5% again until 2008 hit and you know the rest. 0.25% !!!: In 2008, The GDP was 0.1%, unemployment was 7.3%, and inflation was 3.8%. As of Dec. 16, 2008, the target funds rate became a range, represented in the tables by the upper limit. and during those times, real estate markets struggled while booming in emerging markets.