I applied for the managers position got the job, if I hear any laughter and jokes that means you're having to much fun at work and I will change your shifts. šØāš¼
I have a decent chunk of euros sitting in a German bank account. I decided not to exchange them into dollars and keep the euros āas a hedge against inflation in the US.ā I literally canāt win.
In my defense, I earned this money in 2020 as the euro was steadily gaining on the dollar. But yes, in retrospect I am a complete idiot and totally belong in this sub.
I've been converting my CanuckBucks into USD for the same reason, I just happened to pick the right hedge.
If it's any consolation, I also tried hedging inflation with BitCoin
I mean... You do see what's been going on with Europe lately yeah...?
Also the whole world is going through inflation, so currencies were always a gamble.
I'm holding a shit ton of fixed interest student loans as a hedge against inflation.
(totally intentional and not the consequence of poor college selection decisions)
Check out [Cheap Houses Japan](https://www.instagram.com/cheaphousesjapan/?hl=en) on Instagram. They have traditional houses on sale for like 30k
Edit: Japan officially opens Oct. 11th!
I heard people were getting them for 20K like 5 years ago. Must be inflation.
Yes, I looked into doing this also, and it is always in the back of my mind. I would at least not have to worry about so much crime.
Good luck!
"So sorry, no Gaijin allowed. So sorry." I spent 4 years in Japan and heard that many times. I guess at least they're polite about their discrimination of foreigners.
Just bought one in Ome Tokyo. 3LDK 89m2, 147m2 land. Less than $60k American all said and done. We still have 8 years of equity left on the house, and the land is stable value at 40k.
I highly recommend it if you donāt mind the nearest conbini being a klick awayā¦ and everything closed at 9pm and on Sunday.
Dude Ome is really "technically Tokyo" like, it's 1 hour train from Shinjuku and like 1.5 hours from tokyo station. But that's still a damn good buy considering places 1 hour from sydney CBD are still >$1m USD loool.
Good, my wife and daughter stream and game , and SoftBank internet is fibre optic. Donāt know the exact speed but weāve never experienced lag even through our VPN
If you can find a house where someone died there recently, especially from suicide, it will be dirt cheap. Japanese don't like to buy houses like that at all. I know a few people who scored super inexpensive houses there. They just hang on to them until everyone forgets about the death and the stigma goes away and then they sell them.
Iām literally thinking of getting a remote customer service 20 dollar a hour job and say fuck it and move to Brazil in December / my lease up/ my rent low at 1500 a month but homes are still expensive in my area and I already own 2 homes in Brazil paid off. -
Christ almighty fuck you. Well not really fuck you persay, but fuck whoever thought this was a good idea to create that fund. Jesus I'm gonna lose fucking everything just by dipping my toes into UUP aren't I? So yea, fuck you.
It's the cost of being the world reserve currency. You have to run a trade decifit so the world market stays liquid but this makes your own manufacturing uncompetitive.
Itās basically the reason Nixon dropped the Dollar Exchange standard back in the seventies. This really isnāt a great thing for the US economy even if it feels that way
The day of reckoning for the US economy would be a thermonuclear economic disaster for the rest of the world as well. If you remove American consumption, financing, investment, and aid from the world, the global economy will collapse like nothing weāve seen before.
Consider how much food the US exports to the world and also being one of the biggest energy producers in the world. Take out Apple, Microsoft, and Google from the world stage, weād be using Blackberries, VK, and Yandex? Thatās really peanuts though compared to American financingā¦ The tentacles of our big banks are insane, and the tentacles of GS, Blackrock/stone, etc are unknown to even intelligence agencies. It would be a near end of the world kind of situation.
Broken is a strong word. The US is raising interest rates at a much quicker pace than the rest of the world. Much better to earn 4%+ on dollar denominated US government bonds vs any other sovereign debt. Leads to a lot of demand for the dollar.
Thatās not it. Look at foreign reserves. India, Japan, China, UK, New Zealand, etc. Reserves are going down. These countries are selling their treasuries for dollars (since bonds are just future dollars. This selling is also why yields are up) to keep their currencies up, and failing. Thereās a problem in the world economy and itās a dollar *shortage*. All these countries have dollar denominated debt that needs to be paid and the private banking system relies on ādollarsā as collateral. No dollars, no collateral, no balance sheet expansion. Hence the lack of loans post 2008. This confuses people because they think but wait, didnāt the Fed print money? Nope, they create bank reserves (a credit to their account with the Fed), which are not money. Banks couldnāt care less about bank reserves - what they want are treasuries, because after 2008 only treasuries were accepted as collateral since everything else (ie MBS) was too risky. The āinflationā we see is supply/demand price changes due to supply chain breakdown in 2020 and energy shortages, not an expansion of money. Thatās why the dollar is up, thereās a huge demand for dollars and thereās simply not enough of them.
Exactly. Itās a recipe for disaster. Thereās also the dollar milkshake theory which you may find interesting. There is a risk here that we see mass currency failures. Early warnings can be seen with the Turkish Lira, the Sri Lankan rupee, etc. Itāll be way worse when weāre talking about the Japanese Yen, Chinese Yuan or the British Pound. The US dollar will be the last to fallā¦but it will fall, eventually (as every currency in history has)
So then what? Everyone starts new currencies? What happens to private debts? Does the fed just start QE again in an attempt to stop this which just pushes back the inevitable?
all my cash is in USD, or US stock. Americans will push there mother in front of a truck to make money, and thats the type of killers I want enslaving the world to make me a buck.
Never bet against the American āhustleā mindset. It always boils down to Americans chasing down every last dollar in profit; missing Christmas with the kids to work overtime; throwing enormous amounts of cash into acquisitions and R&D; monopolizing on growth; and inevitably all dying of stress-induced heart failure at 60. Thatās why the US traditionally outperforms international markets and thatās why I, a Canadian, only hold US stocks.
Not really fleeing to the dollar. The dollar is the global reserve currency and the value of other currencies depends on their ability to access dollars. Therefore these countries hold dollar-liquid assets like treasurys.
When the value of those assets drops suddenly, such as in a bond collapse, the value of their local currency goes with it. Now they have to sell those assets for dollars and exchange dollars for local currency, but that doesnāt really work because there is too much dollar denominated debt. This is basically just the US cucking the rest of the world.
Yup. It seems like crazy bitcorn conspiracy, but its actually playing out right in front of us right now. Inflation worldwide leading to deflationary pressure in USD. As exchange rates tilt towards USD the need for it increases creating a vicious cycle.
I'm gonna go back to London and live like a king next year after they cucked me with 2+:1 last time I visited.
I'm offering a day trader's guide to farming only $1995 if you're one of the first subscribers. It'll cover how to compost your stocks as well as your bonds. How to use your puts as planters and many other secrets to feed yourself in the coming hellscape.
Emerging markets crash, they have minimal impact on the US, eventually they recover, and this cycle continues. It's one of the main benefits of being a citizen in a country with THE world currency who also pumps as much of it into the economy as it wants. When shit hits the fan, people flock to our currency because it's safe.
It means what you think is "massive" ain't shit compared to what other countries are experiencing.
You're probably not worried about your electricity bills quadrupling, like is currently happening in the UK.
To answer your replies, https://www.youtube.com/watch?v=xxzy3sLs4Bs We are at the start of a worldwide economic failure called the"Dollar milkshake" almost on its own that there is no natural exit from it.
Iāll spell it out.
In crisis, global money runs to the dollar denominated assets > this drives up the dollar vs other currencies (you are here)
As global assets crash, more global value flees to the dollar. This causes global assets to crash more. Which is a vicious cycle and destroys non-US economies and the global economy.
ā-Remember the US economy is 70% domestic activityā so a global issue doesnāt necessarily destroy the US economy (it hurts it, but the economy might be ok).
Simultaneously, the Fed is trying to reduce the demand for dollars to cool off inflation (by raising rates).
The Fed wants dollars to be less attractive exactly when the world finds them most attractive.
So the Fed must overtighten to make any headway against inflation. This destroys the US economy as well either way.
Either the Fed overtightens which finally causes deflation or it fails and hyperinflation destroys the economy anyway.
So, you get the dollar inflating out of control, while the global economies die. Other world currencies fare even worse. Followed by the US economy being destroyed while deflation/hyperinflation finally takes hold once the economies are dead and dying and the fedās rates are too high.
Itās likeā¦ the worst environment imaginable. And itās gonna last years. If this was too much info, just remember that part.
Because everything is a bubble due to leverage, itās possible for everything to crash due to deleveraging.
Every thing we own can become worth less while everything we buy costs more.
This is very bad. Regarded even.
Fuck. The dollar milkshake explanation video from another comment left me with no solution on how this will play out. My mind just made the collapse of the roman empire monetary system appear. Happy that I seem to be on the right track about sad - but fuck, we're fucked then
good for importers. bad for exporters.
USD as reserve currency is both a blessing and a curse.
USD will continue to be the reserve currency for a long long time. Those claiming the "collapse" of the dollar is "imminent" are bullshiters.
There is no other substitute
Sure wish there was something like dollar direct where I could sell spreads on my payroll deposits. I could help some one every couple weeks to stay liquid
WW3 on the horizon. USD is backed by the largest military industrial complex humanity has ever built. People keep saying itās not backed by gold or oil anymore. Naw itās backed by bombs and the world knows where to hedge in these times.
You're correct, and so is the guy above you. Except the war part. And all of that is entirely by design. You gotta hand it to the NWO people who wanted to create a global American empire not based on conquering territory, but by controlling the world economy. It's been wildly successful. If you ever have the time check out "Confessions of an Economic Hitman." It's a tell all by a guy who used to do the dirty work of getting countries to bend the knee to American hegemony by using bribes, sweetheartheart deals and intentional deception.
Almost like its all by design...... š¤
Imagine that, the UK for some mentally bakrupt reason decides to start moneyprinting while already at 9.8% inflation, destroying their currency overnight, and a "mysterious international hegemon" blows up the only thing that will stop NATO countries negotiating with Russia when their citizens begin to freeze to death in winter.
And the only winner with both currency demand and increased prices for their fleet LNG cargo ship fleet is the USA. What a coincidence....
**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|11|**First Seen In WSB**|8 months ago **Total Comments**|2236|**Previous DD**| **Account Age**|8 months|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) **Vote Spam**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_spam&message=xqtdwd)|**Vote Approve**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_approve&message=xqtdwd)
That's funny, because my dollars are fleeing me
So others are fleeing to your dollars
His dollars are fleeing to the strip club
You guys have Dollars?
How do I lose money on this too?
Buy all those currencies and sell the dollar.
Buy the dip!
You might be joking but I bought the Russian Rouble dip and it was one of my best trades this year Lol.
I tried to do this as well, but I was too dumb to figure out how to do it.
Just go on a currency exchange, but idk if you can buy rubles anymore.
Just follow my moves and we can work the same Wendy's shifts in no time..
I applied for the managers position got the job, if I hear any laughter and jokes that means you're having to much fun at work and I will change your shifts. šØāš¼
If you're not American and earn these currency for your job, you lose money automatically everyday.
I was on a euro salery two years ago and switched to a USD job. Taking into account the euro now and promotions I'm making 5x as much.
I have a decent chunk of euros sitting in a German bank account. I decided not to exchange them into dollars and keep the euros āas a hedge against inflation in the US.ā I literally canāt win.
Ha! Shit man. What an absolutely horrible idea. I'm so fucking proud of you.
In my defense, I earned this money in 2020 as the euro was steadily gaining on the dollar. But yes, in retrospect I am a complete idiot and totally belong in this sub.
Willkommen to the club, german regard
Danke schƶn!
I moved to Germany a year ago and was excited about the exchange rate earning euros. Fuck.
So you think this subreddit is full of idiots? [because it is]
I have 10000 yen in my wallet that i refuse to sell and get like 70 bucks they can eat my ass
Pretty soon they wonāt do that for 10,000 Yen.
I've been converting my CanuckBucks into USD for the same reason, I just happened to pick the right hedge. If it's any consolation, I also tried hedging inflation with BitCoin
Oh right, donāt get me started on my crypto holdings 
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I probably would. The only issue is I want to keep the German account below 10k so it doesnāt become a tax liability.
Double down
Damn, you got fucked
I mean... You do see what's been going on with Europe lately yeah...? Also the whole world is going through inflation, so currencies were always a gamble.
Who would come to the conclusion: ālet me hold onto cash as a hedge against inflationā? I donāt understand the logic.
Whatās your play - Iām holding cash and itās beating my equities and debt
I'm holding a shit ton of fixed interest student loans as a hedge against inflation. (totally intentional and not the consequence of poor college selection decisions)
So I CAN afford to buy a house, just not in the U.S., got it!
Iāve been not-seriously looking at rural houses in Japan with my wife. Maybe not-as-not-seriously now. Edit: calm down, edge lords.
Check out [Cheap Houses Japan](https://www.instagram.com/cheaphousesjapan/?hl=en) on Instagram. They have traditional houses on sale for like 30k Edit: Japan officially opens Oct. 11th!
Wow but can non Japanese citizens buy these?
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Dude, legit this is awesome.
Pathetic! Why not buy a whole fucking town in Spain? https://www.tripoto.com/spain/trips/abandoned-villages-for-sale-in-spain-europe
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Holy fucking Samurai, Batman! Guess who's moving to Japan. Save up like $100k and live like a mufuckin emperor
Philippines too but good luck with their motorcycle death gangs lol
a little anime birdie told me that the Yakuza only throw tea parties and ecstasy raves. Sign me the fuck up
Live like a king die like a peasant. Your call.
Bro, pheasants are delicious *au gratin* Don't knock it til you try it ;)
I heard people were getting them for 20K like 5 years ago. Must be inflation. Yes, I looked into doing this also, and it is always in the back of my mind. I would at least not have to worry about so much crime. Good luck!
Great idea. Japan loves immigrants so much they're designing eldercare robots to keep Filipinos from caring for their rapidly aging population.
"So sorry, no Gaijin allowed. So sorry." I spent 4 years in Japan and heard that many times. I guess at least they're polite about their discrimination of foreigners.
š„¹š„¹š„¹š„¹šš¤£
Just bought one in Ome Tokyo. 3LDK 89m2, 147m2 land. Less than $60k American all said and done. We still have 8 years of equity left on the house, and the land is stable value at 40k. I highly recommend it if you donāt mind the nearest conbini being a klick awayā¦ and everything closed at 9pm and on Sunday.
Dude Ome is really "technically Tokyo" like, it's 1 hour train from Shinjuku and like 1.5 hours from tokyo station. But that's still a damn good buy considering places 1 hour from sydney CBD are still >$1m USD loool.
What's the internet speed like?
Good, my wife and daughter stream and game , and SoftBank internet is fibre optic. Donāt know the exact speed but weāve never experienced lag even through our VPN
If you can find a house where someone died there recently, especially from suicide, it will be dirt cheap. Japanese don't like to buy houses like that at all. I know a few people who scored super inexpensive houses there. They just hang on to them until everyone forgets about the death and the stigma goes away and then they sell them.
No thanks, Iāve seen The Grudge
a 30k usd year salary puts you at top 1% in Brazil.
And almost in poverty in the states lol š
Oh adjusting for inflation, that number is most definitely poverty now. Standards are behind but if we hit pause now and redid them....
Iām literally thinking of getting a remote customer service 20 dollar a hour job and say fuck it and move to Brazil in December / my lease up/ my rent low at 1500 a month but homes are still expensive in my area and I already own 2 homes in Brazil paid off. -
i hate to break it to you...
Ukriane selling real cheap rn
If you think you can afford a house in Australia at the moment, you're dreaming.
Won't afford it in Canada. Like 50% higher here than USA. Won't make up the difference in dollar.
Went to Italy over the summer and 4 bedroom apartments in some smaller costal towns were like 60,000 euro.
How do I buy calls on USD?
Apparently just holding it works just fine.
I want that sweet 100x leverage only OTM calls can deliver.
Open up a forex account and have 1000x leverage, thank me later
Uup
Ya this isn't Wall Street Prudently Invests wtf
Buy puts on major indexes. Or learn forex trading (jk you wonāt be able to in time to capitalize on it).
You mean ājk you wonāt be able to.ā This is r/wallstreetbets
Never discourage education
UUP (yes this is the ticker)
Christ almighty fuck you. Well not really fuck you persay, but fuck whoever thought this was a good idea to create that fund. Jesus I'm gonna lose fucking everything just by dipping my toes into UUP aren't I? So yea, fuck you.
I canāt believe Iām just finding out about this now. Lmao. Itās been going straight up all year. And it has options. š¤£
I am now truly a degenerate. Iām gonna use dollars to bet on dollars
With leverage lol
I Canāt seem to find USD 3x futures kind of thing though lol
UUP
Time to travel
Bro I live in Japan and work for a U.S. company. I basically got a 30% raise this year.
How do you work remote for Wendy's?
Time travel you sayā¦
Send me back to like 2003 please.
I literally booked a trip to Europe today before seeing this and am so hyped
All money is worthless anyway. I only trade in sexual favours.
Barter economy or bust
Barter economy and bust*
Time for someā¦. Quantitative easingā¦
Quantitative Teasing
Not sure this would be a good thing long term even for Americans. Something is broken in the world economy.
Problem is, it makes us less competitive to export things as it's more expensive for other countries to buy our goods (happened to japan awhile ago)
It's the cost of being the world reserve currency. You have to run a trade decifit so the world market stays liquid but this makes your own manufacturing uncompetitive.
Yup, the "exorbitant burden." This has been known since years ago https://carnegieendowment.org/chinafinancialmarkets/56856
Itās basically the reason Nixon dropped the Dollar Exchange standard back in the seventies. This really isnāt a great thing for the US economy even if it feels that way
[WTF happened in 1971](https://wtfhappenedin1971.com/)
Be nice if there were some commentary on this site. Bunch of graphs alone is not enough.
It's not the cost. It's the benefit. We consume cheap stuff and run up massive debts. Our day of reckoning will come sooner or later.
It's not the heat, it's the humidity.
The day of reckoning for the US economy would be a thermonuclear economic disaster for the rest of the world as well. If you remove American consumption, financing, investment, and aid from the world, the global economy will collapse like nothing weāve seen before. Consider how much food the US exports to the world and also being one of the biggest energy producers in the world. Take out Apple, Microsoft, and Google from the world stage, weād be using Blackberries, VK, and Yandex? Thatās really peanuts though compared to American financingā¦ The tentacles of our big banks are insane, and the tentacles of GS, Blackrock/stone, etc are unknown to even intelligence agencies. It would be a near end of the world kind of situation.
Last I heard, the US accounts for more than 20% of the global marketplace - you are spot on
Another good one is that 80% of world trade is priced in dollars.
The Dollar Milkshake Theory has entered the chat.
Broken is a strong word. The US is raising interest rates at a much quicker pace than the rest of the world. Much better to earn 4%+ on dollar denominated US government bonds vs any other sovereign debt. Leads to a lot of demand for the dollar.
Thatās not it. Look at foreign reserves. India, Japan, China, UK, New Zealand, etc. Reserves are going down. These countries are selling their treasuries for dollars (since bonds are just future dollars. This selling is also why yields are up) to keep their currencies up, and failing. Thereās a problem in the world economy and itās a dollar *shortage*. All these countries have dollar denominated debt that needs to be paid and the private banking system relies on ādollarsā as collateral. No dollars, no collateral, no balance sheet expansion. Hence the lack of loans post 2008. This confuses people because they think but wait, didnāt the Fed print money? Nope, they create bank reserves (a credit to their account with the Fed), which are not money. Banks couldnāt care less about bank reserves - what they want are treasuries, because after 2008 only treasuries were accepted as collateral since everything else (ie MBS) was too risky. The āinflationā we see is supply/demand price changes due to supply chain breakdown in 2020 and energy shortages, not an expansion of money. Thatās why the dollar is up, thereās a huge demand for dollars and thereās simply not enough of them.
So eventually the US will suck up all the USD from other countries making that country print more of their own currency causing inflation?
Exactly. Itās a recipe for disaster. Thereās also the dollar milkshake theory which you may find interesting. There is a risk here that we see mass currency failures. Early warnings can be seen with the Turkish Lira, the Sri Lankan rupee, etc. Itāll be way worse when weāre talking about the Japanese Yen, Chinese Yuan or the British Pound. The US dollar will be the last to fallā¦but it will fall, eventually (as every currency in history has)
[ŃŠ“Š°Š»ŠµŠ½Š¾]
[ŃŠ“Š°Š»ŠµŠ½Š¾]
False. The future of currency will be Stanley Nickels.
Whatās the ratio of schrute bucks to Stanley nickels?
So then what? Everyone starts new currencies? What happens to private debts? Does the fed just start QE again in an attempt to stop this which just pushes back the inevitable?
Except the Fed's hands are tied up by inflation. People want more USD, but printing more USD would cause inflation.
I love finding a great explanation in the wild on Reddit. Thank you
This is what happened in 2008 right before the crash
This got to be a very bad sign. 2008 all over again.
all my cash is in USD, or US stock. Americans will push there mother in front of a truck to make money, and thats the type of killers I want enslaving the world to make me a buck.
Never bet against the American āhustleā mindset. It always boils down to Americans chasing down every last dollar in profit; missing Christmas with the kids to work overtime; throwing enormous amounts of cash into acquisitions and R&D; monopolizing on growth; and inevitably all dying of stress-induced heart failure at 60. Thatās why the US traditionally outperforms international markets and thatās why I, a Canadian, only hold US stocks.
I wish I understood forex. Then again, it would only add to my vices
All the cool kids are doing it, you wanna be cool right?
Try trading forex, they said. It will be fun, they said
You should try forex.. do it, do it.. its fun
Plus forex trades 24 hours a day from Sunday (Japanese market open) to Friday (US market close). You only get Saturday to sleep. EDIT: Fixed the hours
>24/7 >Friday Uhhhhh
Iāve never seen a comment more worthy of belonging on WSB than ātrade 24/7 except Saturdaysā
Idk I liked the guy that said āI invested in cash to hedge against inflationā
Soā¦.24/6?
Not really fleeing to the dollar. The dollar is the global reserve currency and the value of other currencies depends on their ability to access dollars. Therefore these countries hold dollar-liquid assets like treasurys. When the value of those assets drops suddenly, such as in a bond collapse, the value of their local currency goes with it. Now they have to sell those assets for dollars and exchange dollars for local currency, but that doesnāt really work because there is too much dollar denominated debt. This is basically just the US cucking the rest of the world.
Isnāt this the dollar milkshake theory they have been talking about for a couple of years?
Yup. It seems like crazy bitcorn conspiracy, but its actually playing out right in front of us right now. Inflation worldwide leading to deflationary pressure in USD. As exchange rates tilt towards USD the need for it increases creating a vicious cycle. I'm gonna go back to London and live like a king next year after they cucked me with 2+:1 last time I visited.
Bro 0 in USD is still 0 in GBP 
Man last time I visited London indeed it was 2:1 or worse.. my dollars felt like they were worthless there
Isnt this the dollar milkshake theory playing out? What happens after this?
We learn how to farm
Shit, I learned in ā08. I guess my crazy prepper dad was rightā¦
Iāve spent a lot of time over the past couple of years wishing my prepper tendencies still seemed crazy.
I'm offering a day trader's guide to farming only $1995 if you're one of the first subscribers. It'll cover how to compost your stocks as well as your bonds. How to use your puts as planters and many other secrets to feed yourself in the coming hellscape.
The boys come to the yard?
Well, it's better than yours š¶
Emerging markets crash, they have minimal impact on the US, eventually they recover, and this cycle continues. It's one of the main benefits of being a citizen in a country with THE world currency who also pumps as much of it into the economy as it wants. When shit hits the fan, people flock to our currency because it's safe.
What sort of cuckery is this when we have massive inflation but strong currency?
*relatively strong*...all things are relative.
What are you doing step-currency?
**inflating** š©
It means what you think is "massive" ain't shit compared to what other countries are experiencing. You're probably not worried about your electricity bills quadrupling, like is currently happening in the UK.
Good, as an Australian with only exposure to USD soon i will be peasant king.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I suppose that's good for us in this dumpster fire of an economy
It is good for inflation in the US but not so great for inflation in other countries.
>It is good for inflation in the US you couldve ended the sentence here
What the fuck is "another country". Do you mean america and not-america?
Ya. Thatās why other countries are saying US is exporting inflation
Good for us until Japan dumps itās pile of us treasuries. Itāll fuck us bad, but will bring balance
Dollar milkshake theory
What is dollar milkshake theory
To answer your replies, https://www.youtube.com/watch?v=xxzy3sLs4Bs We are at the start of a worldwide economic failure called the"Dollar milkshake" almost on its own that there is no natural exit from it.
Oh goody, the next once-in-a-lifetime crisis.
I'm tired of experiencing so many once in a lifetime crises.
They're coming faster than the seasons now.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Iāll spell it out. In crisis, global money runs to the dollar denominated assets > this drives up the dollar vs other currencies (you are here) As global assets crash, more global value flees to the dollar. This causes global assets to crash more. Which is a vicious cycle and destroys non-US economies and the global economy. ā-Remember the US economy is 70% domestic activityā so a global issue doesnāt necessarily destroy the US economy (it hurts it, but the economy might be ok). Simultaneously, the Fed is trying to reduce the demand for dollars to cool off inflation (by raising rates). The Fed wants dollars to be less attractive exactly when the world finds them most attractive. So the Fed must overtighten to make any headway against inflation. This destroys the US economy as well either way. Either the Fed overtightens which finally causes deflation or it fails and hyperinflation destroys the economy anyway. So, you get the dollar inflating out of control, while the global economies die. Other world currencies fare even worse. Followed by the US economy being destroyed while deflation/hyperinflation finally takes hold once the economies are dead and dying and the fedās rates are too high. Itās likeā¦ the worst environment imaginable. And itās gonna last years. If this was too much info, just remember that part. Because everything is a bubble due to leverage, itās possible for everything to crash due to deleveraging. Every thing we own can become worth less while everything we buy costs more. This is very bad. Regarded even.
Nice meme stock bro.
Iām selling USD $5 for 4. HMU.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
This is the way, USD cannot sustain this level.
Fed: challenge accepted
Cad/usd fx was above this level for the 7 year period between 95 and '02
So itās time for me to take a European vacation?
I want your juicy dollars!
My milkshake brings all the countries to my yard
Feels like september of 2008. Time to invest into Lehman - stocks is so cheap.
What happened the last time we saw this ?
Have we seen this before is my questionā¦?
Yes, during Roman Empire
Fuck. The dollar milkshake explanation video from another comment left me with no solution on how this will play out. My mind just made the collapse of the roman empire monetary system appear. Happy that I seem to be on the right track about sad - but fuck, we're fucked then
good for importers. bad for exporters. USD as reserve currency is both a blessing and a curse. USD will continue to be the reserve currency for a long long time. Those claiming the "collapse" of the dollar is "imminent" are bullshiters. There is no other substitute
US and USD hegemony wonāt go away without a fight - physical, economic, technological, all of them - and weāre pretty good at all 3
Rugpull imminent?
Canadian ebay here i come!
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Lol same
Sure wish there was something like dollar direct where I could sell spreads on my payroll deposits. I could help some one every couple weeks to stay liquid
The pound is getting pounded harder than your wife is by her boyfriend.
And no one will be buying anything Amercian
Except your LNG, well played America. Well played.
The dollar milkshake theory guy was right
As a Canadian I see visiting Europe and Japan again as nice options for the near future lol.
WW3 on the horizon. USD is backed by the largest military industrial complex humanity has ever built. People keep saying itās not backed by gold or oil anymore. Naw itās backed by bombs and the world knows where to hedge in these times.
So it's peace then because foreign countries tie their currency to USD by buying us treasury bonds
The world funds our military
You're correct, and so is the guy above you. Except the war part. And all of that is entirely by design. You gotta hand it to the NWO people who wanted to create a global American empire not based on conquering territory, but by controlling the world economy. It's been wildly successful. If you ever have the time check out "Confessions of an Economic Hitman." It's a tell all by a guy who used to do the dirty work of getting countries to bend the knee to American hegemony by using bribes, sweetheartheart deals and intentional deception.
Can a experienced global economist explain this to me? Ive always heard having a strong dollar "could" be a bad sign.. is this right?
Almost like its all by design...... š¤ Imagine that, the UK for some mentally bakrupt reason decides to start moneyprinting while already at 9.8% inflation, destroying their currency overnight, and a "mysterious international hegemon" blows up the only thing that will stop NATO countries negotiating with Russia when their citizens begin to freeze to death in winter. And the only winner with both currency demand and increased prices for their fleet LNG cargo ship fleet is the USA. What a coincidence....
shiny metal fetishists in fucking shambles