...in spite of what the doomsdayers say:
(https://static01.nyt.com/images/2024/04/29/multimedia/2024-04-23-strong-dollar-map-index/2024-04-23-strong-dollar-map-index-threeByTwoSmallAt2X.png?format=pjpg&quality=75&auto=webp&disable=upscale)
Still outerperforms the others and is seen as the safe haven when the SHTF, eh?
Is this an accurate picture of US economic strength?
Or just a mirage being propped up?
discuss.
Quote from: JOE on April 29, 2024, 11:22:36 PM...in spite of what the doomsdayers say:
(https://static01.nyt.com/images/2024/04/29/multimedia/2024-04-23-strong-dollar-map-index/2024-04-23-strong-dollar-map-index-threeByTwoSmallAt2X.png?format=pjpg&quality=75&auto=webp&disable=upscale)
Still outerperforms the others and is seen as the safe haven when the SHTF, eh?
Is this an accurate picture of US economic strength?
Or just a mirage being propped up?
discuss.
Why does the image not also represent SE Asia and West Africa, seems weird that they would involve almost all of SA but not a single country north of Namibia in Africa.
Although 'Murica has been weaponizing the dollar for a while now it's only been recently that we've seen direct actions by other nations to remove themselves from 'Murican/western financial systems and abandon the dollar as a reserve currency. That is entirely due to 'Murica's doubling and tripling down on using sanctions, tariffs, asset seizures, etc. as a form of economic warfare and market manipulation.
Our own policies necessitated the rise of BRICS which has yet to really flex its economic impact but has already resulted in a growing number of trades, including for fossil fuels, being paid for in a currency other than the dollar.
Showing data from *before* a massive shift away from the weaponized dollar and saying it proves anything is like showing a photo taken inside a plane just before it crashes and claiming it proves the plane is still flying.
If it looks like copium, smells like copium, and tastes like copium- it's probably copium.
All fiat currency is ultimately worthless. Some are just more worthless than others.