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?
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?
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