Where are we heading with the economy and currencies?

Where are we heading with the economy and currencies?

Commodities rising, inflation spiking, coming food scarcity, prospects of unrest and mass migrations, the proxy war between the US ("the west") against Russia (and China), the intractable debt of the US and part of Europe. The failure of the economic war against Russia with the ruble having been linked to gold and gas and the insanity of the Europeans to go along with it in spite of the energy dependence on Russia, their inability or unwillingness to extricate themselves is bewildering and opens up the possibility of total collapse, if in September Russia is going to cut off all energy supplies, as some say. There must be more than meets the eye to the European suicide.

The ruble is likely not going to replace the dollar as the reserve currency anytime soon, but the established practice of the US to steal other countries' assets is creating mistrust. US equities reached unprecedented levels relative to GDP, fueled by repeated QE. If the Fed raises interest rates to curb inflation ahead of the mid term elections, the stock market is going to crash bringing down the economy, some argue.

In the meantime the dollar continues to strengthen against the Euro, because Europe is done, and against the Yen, because BoJ has said it will keep low interest rates.

What do you think?

I asked a similar question, not long ago, but am focusing on the Forex market as a global trading platform, and we had better give some thought to the looming threat. Let's go deeper into your question and expand it a bit.

If you are following the real news (not the fake media and fake advisors) you probably know that there is a decades old conspiracy coming out of the World Economic Forum, designed to mark every living individual with a digital biological ID that contains medical records, activities and all sorts of private detail. Covid was merely a fabricated crisis to grab more power and test compliance, and the world's dumb masses have dutifully complied.

Concurrently, Europe has openly advertised, it is pushing toward agreement of all member countries to establish departments with authority to gather any and all information on individuals, and a sharing of information among all of them. Biden has also mandated a study for the creation of a Central Bank Digital ID system and the replacement of the dollar and all currencies with a digital currency controlled by central authority. Obviously, the shifting of the world's medium of exchange to a programmable digital currency gives the controllers absolute control over every economy and every individual. A guaranteed basic income is part of the plan and many ignorant folks embrace it. This would mean the end of the Forex market, which is of vital interest to those of us who trade in it. The US and Europe have amassed unfunded liabilities that cannot be paid, therefore a restructure of the world economic system is the only answer for the elite perpetrators to cover their butts. I hope that many among us have given thought to this and welcome comments.

I am really surprised that no one has mentioned this, to my knowledge, on the Forex Factory circuit.