/biz/ - Business & Finance

usd is shit
eur is good
proof is that eur is superior to usd
you want one eur? then give me 1.01 usd
simple

>>51369382
in an environment where everyone is debasing their currency, which one gets valued more than the rest?

https://www.youtube.com/watch?v=xxzy3sLs4Bs

>>51369382
https://www.youtube.com/watch?v=xxzy3sLs4Bs

>>51369382
Monetarists are always wrong.

>>51369382
If I work for a European company but live in the US is this good for me

>>51369382
It's a strong currency because the US is better at protecting global energy supply lines with violence than anyone else. Simple as.
But as the US becomes less willing and able to do this, so too will USD weaken.

>>51369440
No, the other way around is good. Each euro you're paid now turns into $1 instead of $1.2 or whatever

>>51369382
But everybody printed anon ... and they dont have as competent people as the USA when it comes to printing en masse

America is a net oil exporter now. Most international debt is denominated in dollars. Most commodities transactions have to take place in dollars. As everyone devalues they need dollaridoos.

Both were printing like crazy
US was first to begin raising interest rate and is doing so more quickly
Europe can't be as aggressive in rate hikes, otherwise they would crash southron economies

>>51369382
lol, every country in the world pretty much relies on USD. look into what happened when the us got rid of the gold standard. you should get into tune with how much worse the rest of the world is compared to the us right now in this economic crisis

dollar is shit, it's only that other currencies are even shittier

>>51369382
FED is intentionally squeezing every other currency with talmudic magic to maintain dollar dominance

>>51369418
>>51369420
broken bot

>>51369382
Can someone explain to me how currencies that have less inflation than the US Dollar the past two years are trading worse compared to it?

>>51369382
the euro is headed to 10 cents
if you don't make anything (because you got no energy) then no one needs your euros.

>>51369630
>America is a net oil exporter now.
not for long. he he

>>51369945
Supply and demand retard

>>51369945
the usd as been appreciating in value in relation to other currencies at a much faster rate than inflation.

>>51369382
Then go buy some shitistan pesos, faggot.

>>51369659
it is strange and more than a little entertaining to witness this friction among Euro countries. There are definitely US states that make, and others that take, but the US system seems a lot more functional than the Eurozone

>>51369382
everyone is rushing to get dollars. Its the reserve currency for the entire world pretty much.
Sweden, germany, denmark, france, Japan, etc etc etc ... everyone transacts in dollars between each other.
Now .. if everyone is cash poor, and needs to fund operations in their respective nations, and they pay it with dollars.

What do you think that does to the DXY ?
Furthermore. Due to Russia Ukraine , russian energy is no longer in play as much as it used to be. And everyone relies on America a bit more. Everyone is buying more energy from America. More dollars gets collected in America and it goes even higher..

Its not that complicated. Generally speaking this is what is happening.
In terms of business, a strong DXY is bad for stocks, economy, and the world. (dumbfuck amerifat retards dont seem to understand this). And furthermore, the relative strength of the dollar is dissolving. No bueno.

Another thing id like to point out is. Usually you dont see the DXY and commodities spike at the same time. Usually a stronger DXY pushes commodities down. And vice versa. This is the first time ever, that this has happened that they rally together.
Former BlackRock fund manager Edward Dowd seems to believe this is an indicator of the debt based system starting to implode. Who knows.. They may be able to patch it back together. But we know its been failing since 2019 (convenient excuse coming in 2020 to paper it over tho) etc.

https://www.minds.com/groups/profile/1231345364324413440/feed

Be America
Currency is backed by Aircraft Carriers
Other Countries have less Aircraft Carriers

>>51369382
its tied up in holding up the world economy
some shitter currency tied up in "sound economic policy" isnt going to compete with the worlds debt fund

>>51369416
>Killing the american empire and dollar hegemony is good- IT JUST IS , COPE EUROPOORS !!

LEL, the absolute state of americucks.
Google 'BRICS' and learn a thing or two

>>51370195
> you will never be a crew member aboard the Thailand ladyboy aircraft carrier
why even live bros?

>US prints
>everyone else also prints (but lies about how much)
that's my theory and I won't listen to counterpoints

>>51370188
european countries need dollars to buy energy and many other commodities. The less they need the euro, the weaker it will get. it's headed to 10 cents imo.

basically the world works with "ok but I genuinely want what you have"
Everyone wants what the US can provide for them whether that be security, deterrence, food and resources, and all of this with a high reliability rating. China or Russia can sell people stuff, but their future is uncertain and reliability is low. Countries will think "Well, can you really compete with the US and its allies and can you guarantee you won't crumble in the next few years? I don't want to cut them off to gamble with you especially considering you lie a lot."

>>51369382
Should show you how fucked the rest of the world really is then