Posted on 04/26/2022 5:42:58 AM PDT by Browns Ultra Fan
Here is Dvorak’s New World Symphony, an appropriate piece the global turmoil that has taken place after Russia’s invasion of Ukraine.
Here is the ratio of the S&P 500 index against the Bloomberg Commodity Price Index. This ratio is plotted against The Federal Reserve’s balance sheet of assets. Notice the decline in the Commodity Ratio in 2022, even ahead of the Russian invasion of Ukraine.
Global currencies, on the other hand, have been really crushed since the Russian invasion of Ukraine. The Japanese Yen, China’s Renminbi and Europe’s Euro relative to the US Dollar are falling due to a variety of reasons. Covid lockdown in China, Japan’s insistence on monetary easing while other Central Banks are tightening and the Euro with Russia threatening nuclear war.
WTI Crude is back to $100 a barrel. Critical metals are down today related to a slowing global economy and wheat is up 2.75%.
Could it be that US Dollar hegemony is nearly over and commodity-backed currencies are the way of the future?
(Excerpt) Read more at confoundedinterest.net ...
Makes sense.
The US Dollar is ABLAZE with the fires of inflation, and still considered to be “stronger” than all these other currencies?
We are so screwed. Cryptocurrency as reserve currency will just about close the circle.
Poverty and privation. The default states of all mankind.
I’m w/ you. The foregoing particular values absolutely do not form the basis for this statement/query:
“Could it be that US Dollar hegemony is nearly over”
I, however, do believe that the factors underlying the dollar’s value/status, basically vapor/paper, make an implosion of the dollar rather inevitable. I just don’t know what that will look like.
No. In times of uncertainty, thre is a flight to the dollar.
the dollar is “very strong” because it sucks less than other currencies....
Yep, it's flawed like all the other bankster-enabled fiat-based fractional-reserve-bankstering currencies. In varying degrees.
ISO20022/NESARA/GESARA are the future. Don't know when, but it must be, I hope soon.
USD is currently priced at 102.
The last time USD hit 102 was in 2016.
Before 2016, the last time it hit 102 was 2002.
When talking about being the reserve currency that's pretty much the whole ball game.
The fact that other currencies which are a part of DXY are doing worse doesn’t mean that USD is doing good.
Come to a grocery shop or a gas station and see.
Certainly not silver, which has been slumping all week:
https://www.jmbullion.com/charts/silver-prices/
That’s not necessarily true. Inflation in China was 0,9% last year.
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