/biz/ - Business & Finance

>>19829617
USA has been sucking the blood of emerging nations, China, and EU for decades. We no longer produce anything ourselves, so we export all our steel and other resources and import the products made with them in exchange for IOUs. That's right, we don't even give them our monopoly money, we give them *IOUs* for the monopoly money. IOUs that constantly go down in value because we just keep printing away the purchasing power. Imagine being Mexico, or Brazil, or India, or Taiwan. Imagine being so cucked that you'd agree to that.

At the end of the day you can't consume what isn't being produced. The shift towards deglobalization is going to fuck Americans over as prices skyrocket. Of course, they'll still keep headline inflation low. But there will come a breaking point where EM will shift away from the dollar. Whether it's the yuan or ruble or whatever, it's already happening little by little. https://www.nytimes.com/reuters/2020/06/19/world/europe/19reuters-turkey-cenbank-china.html

Once the dollar starts falling, there's absolutely nothing Powell can do anymore. Oh don't worry mumu, make sure to stay invested in America, the US stock market will have the biggest gains in all human history! Just like Venezuela!