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USD and EUR are in for a massive correction in foreign exchange value. It's not like a dollar earned in reality is worth ten times more than what a person in Th
by carlosjobim 2y ago
USD and EUR are in for a massive correction in foreign exchange value. It's not like a dollar earned in reality is worth ten times more than what a person in Thailand earns. So enjoy it while it lasts. The law of supply and demand means that as the supply of USD and EUR to other countries increases, their value will decrease. Especially the EUR, which has nothing to back it up. At least the USD has the world police to back up the currency value.
- ponector 2y agoEconomy? No, no economy can back up EU or USA. Btw, last decade has shown USA is not a global police anymore.
- carlosjobim 2y agoForeign nations need USD because global trade is conducted in USD. Global leaders are arguing about this right in this very moment, BRICS feel they might leave the dollar without fear of being bombed. The EU has no military means to backup their currency exchange rate, only import and export. And if more Europeans are moving their spending abroad, that will diminish the value of EUR.