exactly what I’ve been saying 100 times in this forum 😅
However I look at the dollar from two perspectives
1) currently the US dollar is down trending since the swing top on September 28. This downtrend is completely normal and expected as cyclical price action. This is what I call the macro economical chart structure. Eventually the DXY will trend up again in a few years
2) is more the long term holistically view. Because all currencies today are FIAT and because they’re all Ponzi schemes. It means that this circus will eventually come to an end. I call it the big reset and is something which happened many times in the history. Simple because a FIAT currency based on money debasement cannot sustain itself. US debt is increasing with a pace of 1 trillion dollars for every 100 days. Currently approaching 35 trillion. For comparison the US military budget is just shy of 1 trillion. Eventually all FIAT currencies will collapse. Make sure you’re in US dollar when that happens because the dollar will be last man standing. Just don’t expect this to happen anytime soon
My final comment is related to the wall of worries in this post. All the absurd moaning that BRICS will kill the dollar as the world’s reserve currency. That’s complete nonsense. BRICS can shout as much they like. At the end of the day they’re dwarfed by the United States and Europe. Furthermore BRICS consists purely of political unstable countries and troublesome countries. BRICS is a big fat nothing burger. It’s like saying a group of convicts will take control of the world
Finally we have the petrodollar discussion. Again a nothing burger. Yes it will weaken the dollar short term. But that’s about it. It will never change the world order
And repeating myself again… I’m not advocating for the US or their dollar. I’m just looking at the charts and data
WOW 😮 every single detail you wrote is so factual wrong. I’m in awe of your writing. I had many discussions with people about this subject over the years. But your take is the wildest at most wrong ever 🤣
I can’t even wrap my head around your facts. Unbelievable 🤣 so absurdly wrong that I won’t even debunk any of it although it’s so easy to do
Just wishing you good luck with your amazing imagination… unthinkable! How are you doing this 🙈🙊🙉
Just two question. How much time did you actually spend on educating yourself on the subject. And what’s the source.
FIAT currencies are the biggest scam in history. Pure Ponzi schemes. Not backed by anything and yet central banks continue debasing by a rate between 7 and 12%
Bitcoin inflation is less than 1.5%. What’s not like. Best performing asset class in history. Annual appreciation for the past 14 years is 150% on average
US dollar trending down. Interest cut within 3 months will help the DXY to further retrace. +6 trillion dollars sitting on the sideline waiting anxiously to be deployed
have to disagree. I don’t see many sleeping giants. I see only one and that’s India. All the rest sucks big time. I’m married to Brazil so please don’t try to lecture me about Brazil 😂