[Cletus.D.Yokel]

:: According to an economic theory called the Unholy Trinity, governments can only ever have two of the following three things: pegged exchange rates, independent monetary policy and free capital flows. ::

Provided you accept the Keyensian model.
Which is socialism.

[Tench_Coxe]

"There is a real possibility of tight limits on what you can do with your money."

Thus the talk of a CBDC, infiltration of ESG into the corporate world, and a push for a China type social credit score.

[pierrem15]

One way exchange rates equalize is when asset purchases in the weak currency become attractive to holders of the stronger currency.

My wife is in Europe now and plans to shop a lot as Euro has fallen 25% against the dollar and we get the 20% VAT tax refunded.

[Taxman]

Ping

[seowulf]

Reminds me of a sign years ago that a coworker had on his door.

1. Fast
2. Good
3. Cheap

Pick any two.

[citizen]

For example, for a long time, currencies were pegged to each other. This meant countries could either have free flowing capital, or set their own interest rates, but not both. Not for long, anyway.

---

But how long could 'not for long' be?

Long enough to get a CBDC mandated, where your funds become their puppet string on you?
Long enough to get their socialist/fascist/uniparty firmly in control, w/o fear of the ballot box ever again?
Long enough for those they deem as undesirable to quickly be charged, rubber-stamped as guilty and imprisoned, or worse?

In short, to sieze total financial control, backed by a DOJ and all the tools of the State government, and reshape the landscape basically overnight.

The USA, being the big dog of the world, might be the only soverign state that could forge ahead with this aggression against their people and still maintain their world-leader position.