4 ms·
Best way to fight inflation in the US? Buying Euros.
by netfortius 4y ago
Best way to fight inflation in the US? Buying Euros.
- Aunche 4y ago1 Euro is roughly 1 USD now. The Yen is also relatively weaker now, despite Japan having lower inflation. The only major currency that's risen against the dollar is the Russian ruble, which has been heavily manipulated.
- baq 4y agoRussia can’t spend its dollars. They would very much like to buy stuff and in the process counter the one way flow of money, but mostly can’t and have to resort to black markets. Of course there’s manipulation, but it isn’t the whole story.
- neverrroot 4y agoManipulated in what ways? By whom? Countries such as India happily purchasing energy from RU?
- Aunche 4y agoCurrency controls. In short, it's much easier to convert dollars into rubles than rubles into dollars.
- m348e912 4y agoNot if Europe and the Euro self-destructs before the US/USD does. If you're going the currency hedging route, at least diversify across multiple geopolitical regions.
- collegeburner 4y agoahh yes the falling euro that will probably fall even lower, what could go wrong? srsly the ECB is going to have a lot of trouble keeping the euro stable and their "new instrument" or whatever they're going to use to maintain liquidity is still going to cause a lot of inflation and continue to damage the german economy (the productive one) to support the leech countries (greece, spain, italy, others)