-——is there not a race by the world’s governments to ensure their currency is valued lowest-——
Perhaps, but the Swiss Franc was super strong. In his report several weeks just past, John Maudlin reported on a conference he attended in Switzerland. He paid US$12 for a diet coke and a short cab ride cost US$70.
They were undoubtedly feeling heat and the action noted is the result.
—He paid US$12 for a diet coke—
Ever see the movie “Running Man”? It’s an 80’s movie of a “near future”. The scene your post reminded me of was when a woman, at a sports arena goes to a coke machine to get a coke. The subtle joke of the scene was the price she had to pay. When the movie was released, the price was absurdly unthinkable. I mean, ridiculously, “not for at least a century” price increase.
It was $5.
It is amazing what water temperatures the frog will endure if you turn up the temperature slow enough.