Most world currency is falling against gold, but not against one another. If anything, relative value of dollar could be slightly rising. Debasing of currencies occurs across the board. But if dollar continues to fall against gold or other commodities, the question comes how long other currencies could match dollar’s fall at the risk of high inflation.
This is what has me confused. Where is the inflation? Prices certainly aren't rising, interest rates are at historical lows, we seem to be going into a deflationary depression, what gives?
I know the Fed is creating money by the trillions, is it really as simple as the credit implosion sucking it all up?