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And it's not so much that the stock market is booming, rather the value of the dollar is imploding. Those are equivalent statements but media chose to preset th
by vladimirralev 2y ago
And it's not so much that the stock market is booming, rather the value of the dollar is imploding. Those are equivalent statements but media chose to preset the "number go up" picture. Reality is for every number that "goes up", another number goes down, and the number that goes down is the value of cash.
- bhelkey 2y agoOne metric we can look at to see if "dollar is imploding" is the exchange rate of USD to Euro/Yen/Pound over the past 20 years. None of those exchange rates indicate that the dollar is imploding. Instead they indicate that the dollar is extremely strong.
- vladimirralev 2y agoSimilarly we can look at that past 20 years of Euro/Yen/Pound against Argentinian Peso and conclude that it's all fine? Dollar is strong against other currencies only because of the global competitive devaluation. USD is losing value rapidly. It's amusing to see politicians claiming credit for stocks going up while the food prices are up almost as much, but nobody is responsible for this one. Dollar is down massively and downplaying this fact is only encouraging more of the same.
- bhelkey 2y ago> Similarly we can look at that past 20 years of Euro/Yen/Pound against Argentinian Peso and conclude that it's all fine? Have you looked at those conversions? One June 1st 2007, 1 Argentinian Peso was worth 0.082£, today it is 0.00078£.