OrriginalCrypto on Nostr: DXY $ chart from 1971 to presnant day To say the $ has been propped up until the ...
DXY $ chart from 1971 to presnant day
To say the $ has been propped up until the election is an understament. Just look at what happened in previous Rate cuts.
The nearly always Drops.
It will no doubt Drop after todays election results come in.
The $ is facing Stiff opposition world wide now in the Form of BRICS - over 50 countries that now, no longer use the $ as the Currency of Settlement.
This is costing the USA a LOT of money. The $ is becoming less desirable..and When the Rates get cut again, it becomes even less desirable to hold.
Who ever wins this election is going to have to explain why they did not suceed in making the $ all powerful again.....
And so I say the Electoral Collage will put Mr Trump in power - so they can blame him for Fucking up the economy.....When in fact..IT was ALWAYS going to happen
To say the $ has been propped up until the election is an understament. Just look at what happened in previous Rate cuts.
The nearly always Drops.
It will no doubt Drop after todays election results come in.
The $ is facing Stiff opposition world wide now in the Form of BRICS - over 50 countries that now, no longer use the $ as the Currency of Settlement.
This is costing the USA a LOT of money. The $ is becoming less desirable..and When the Rates get cut again, it becomes even less desirable to hold.
Who ever wins this election is going to have to explain why they did not suceed in making the $ all powerful again.....
And so I say the Electoral Collage will put Mr Trump in power - so they can blame him for Fucking up the economy.....When in fact..IT was ALWAYS going to happen