Dollar on track for worst year since 2017 Down 7%
It's just the beginning of the devaluation of any U.S.money in the bank and U.S. Congress is the cause of it. The Wuhan virus just put them on the fast track to a depression sooner.The so called elected President Biden will accelerate it even faster after Trump raising the Deficit by 11 trillion dollars in four years! The republic is failing just like The Weimar republic did. The NWO order reset will be our undoing.
serf
https://ca.finance.yahoo.com/news/dollar-sucked-downward-spiral-u-010149449.html
The U.S. currency is also suffering from rising fiscal and current account deficits that show no signs of slowing down.
"I expect the dollar to depreciate further over the next few years as the Fed keeps rates at zero whilst maintaining its bloated balance sheet," Kevin Boscher, chief investment officer at asset manager Ravenscroft, told clients.
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Unwilling to increase taxes to make the reparation payments, the German government depended heavily on foreign, mainly American, short-term, high-interest loans. The government began to pay for these loans by printing more marks, the German paper currency.
The Allies complained that the Germans were paying their reparations with increasingly worthless currency. The German people also suffered as prices spiraled upward.
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It has already started. Check the dollar against other currencies.
Exchange rate for Euro was about 1.10 dollars to 1 Euro beginning of the year.
Now with most of Europe locked down exchange rate is 1.21 to 1.
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Inflation is a big issue also. People don't realize how much prices have risen this year on commodity and staple items.
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dang hot dog was 5.00
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