If you took a snapshot of the way the dollar is right now, the title of this post, “The Weakening Dollar,” may sound faintly ridiculous. After all, the dollar is running pretty high compared to the Euro and Pound. If the FED stays committed to its current high interest rate policy, it may go higher still. But that’s what’s happening on top. Underneath, in the scaffolding, there is a lot going on.
Since one of the major focuses of this blog is American decline, a Democratic administration offers lots of fodder. Mostly unintentional, but that just makes it sadder. I’m specifically talking about the Biden Administration’s indifference to the US dollar’s status as the world’s reserve currency. Why that’s important I explained in a previous post, but in short, to quote myself:
Being the world’s reserve currency means that banks and nations all over the world keep a…
View original post 963 more words