Dollar record strength.. thanks Biden!

[citygator]

Taking a second to post from Italy to thank Biden for the strength of the dollar. Basically a 1:1 exchange rate which is about the best ever.

The Dollar Is Extremely Strong, Pushing Down the World (Published 2022)

The value of the U.S. dollar is the strongest it has been in a generation, devaluing other currencies and unsettling the global economic outlook.

www.nytimes.com

My trip over here is going well and it’s cheap. Thanks Biden!!!! Some random pics from Rome:

 

[odanny]

I'm envious, there is so much history there I want to see. Are you going to the Amalfi Coast?

 

[johngaltshrugged]

Russia want to thank the diaper guy too. His policies are making the ruble stronger than ever while the value of the American dollar is crashing.
Comparing the exchange rate with the Euro is pretty ironic since they have been hammered by sanctions that have strengthened the ruble

Russia's ruble is the strongest currency in the world this year

After its value plunged to less than a U.S. penny, the ruble is now trading 40% higher than before Russia attacked Ukraine. Why?

www.cbsnews.com

 

[Leweman]

Sweet. These high prices will be gone soon thanks to eggplant.

 

[shockedcanadian]

"You're Welcome" - from the Greatest Administration in U.S history.

 

[Stryder50]

The flip side of the OP is this reflects the accumulated results of other nation's currency resulting from years of Deficits and Debts to support their socialist agendas.

https://www.usdebtclock.org/world-debt-clock.html

Meanwhile, here inside the USA we still are on the downside effects of inflation and devaluation of our dollar in our own markets and personal spending and finance, resulting from the "Lockdowns and Shutdowns" of industry and businesses started mostly by the Democratic governors of "blue" states. Policies supposedly only to be in effect for a couple/few months to get a handle on COVID, yet sustained now for years it seems.

https://www.usdebtclock.org/

"Biden" has had little positive effect in all of this, underscored by his next to zero experience in wealth creation, but rather from a lifetime of wealth redistribution from his lifelong career track of getting Guv'mint paychecks while accumulating graft and bribes on the side.

As usual, fellow socialist/capitalists whom have no grasp of real economics, similar to Biden and his puppetmasters, along with the Obama's and Clinton's, et al.; continue their policies to run our currency into the ground and destroy our nation's economy and security.

The OP reflects this ignorance, and/or malicious intend to disinform and support distraction along with destruction of our nation. Common to the combined ignorance and intent of those with socialist/communist and anti-West/Capitalism agendas

 

[Tom Paine 1949]

The dollar is very strong right now vis-a-vis the Euro, Japan, and Third World currencies. This is actually helping the fight against inflation since foreign goods are cheaper. This phenomenon is not unexpected (despite all the gloom and doom prophets) given the present instability of world economy and trade. We have “the least dirty shirt” amid the search for safety. Also, the Ukraine war is, as predicted by me and others long ago, devastating our European (and Asian) competitors. Russia’s currency is still hardly ever being used in banking and international foreign trade (their already weak economy is suffering in terms of real GDP, technical ability, production, quality of life, etc) — despite their “strong ruble.”

Unfortunately overall this allows for continued U.S. reliance on dead-end financialization of our economy, including encouraging our “sanction everybody” foreign policy approach. In short, it allows us to keep postponing the days of reckoning. Nothing right now can replace the dollar.

 

[citygator]

I'm envious, there is so much history there I want to see. Are you going to the Amalfi Coast?

Stayed a day in Ravello and Positano. My wife’s favorite spot so far. Sloping mountains to the Med with lots of history and good food. Two thumbs up.

 

[citygator]

The flip side of the OP is this reflects the accumulated results of other nation's currency resulting from years of Deficits and Debts to support their socialist agendas.

https://www.usdebtclock.org/world-debt-clock.html

Meanwhile, here inside the USA we still are on the downside effects of inflation and devaluation of our dollar in our own markets and personal spending and finance, resulting from the "Lockdowns and Shutdowns" of industry and businesses started mostly by the Democratic governors of "blue" states. Policies supposedly only to be in effect for a couple/few months to get a handle on COVID, yet sustained now for years it seems.

https://www.usdebtclock.org/

"Biden" has had little positive effect in all of this, underscored by his next to zero experience in wealth creation, but rather from a lifetime of wealth redistribution from his lifelong career track of getting Guv'mint paychecks while accumulating graft and bribes on the side.

As usual, fellow socialist/capitalists whom have no grasp of real economics, similar to Biden and his puppetmasters, along with the Obama's and Clinton's, et al.; continue their policies to run our currency into the ground and destroy our nation's economy and security.

The OP reflects this ignorance, and/or malicious intend to disinform and support distraction along with destruction of our nation. Common to the combined ignorance and intent of those with socialist/communist and anti-West/Capitalism agendas

You have to be kidding? You’re gonna post the debt clock and blame democrats? That’s a good one. This is pre-Covid…

Which party adds more to deficits?

Hint: it’s the Republicans

towardsdatascience.com

Secondly, lock downs? Seriously? No gaslighting dude. Almost al states had similar trajectories. There is virtually no difference in the economies or employment in any blue or red state. The differences were big states vs small states.

The dollar remains strong as the poster after you referenced because people are finding safety in the dollar in uncertain times. Demand drives up price. It’s simple. Just like a low supply is driving up prices. Thank Adam Smith for those observations.

 

[BasicHumanUnit]

Taking a second to post from Italy to thank Biden for the strength of the dollar. Basically a 1:1 exchange rate which is about the best ever.

The Dollar Is Extremely Strong, Pushing Down the World (Published 2022)

The value of the U.S. dollar is the strongest it has been in a generation, devaluing other currencies and unsettling the global economic outlook.

www.nytimes.com

My trip over here is going well and it’s cheap. Thanks Biden!!!! Some random pics from Rome:

View attachment 671214

Son, you must live in a VERY protected bubble is all I can say.

 

[Oddball]

"The dollar is stronger"......Because other countries are inflating the hell out of their currencies at a faster rate.

This has zero to do with the potato headed basement dummy and everything to do with central banks.

You moonbats would credit Xiden with a sunny day.

 

[Tom Paine 1949]

"The dollar is stronger"......Because other countries are inflating the hell out of their currencies at a faster rate.

This has zero to do with the potato headed basement dummy and everything to do with central banks.

You moonbats would credit Xiden with a sunny day.

This is a ridiculous and ignorant statement, true only for Turkey, where the central bank is acting very foolishly. I don’t agree with citygator ’s crediting Biden for the strong dollar either.

Inflation in Europe is now and will remain higher for some time primarily because of the extremely high prices there for gas and energy due to the Ukraine War and sanctions. Other material factors, for example the heat wave and the very low levels of European rivers like the Rhine have meant that even nuclear cannot be used maximally (in France) and coal cannot be delivered cheaply. Germany is even being forced to close factories. The German central banks have very few good options in the short run. There are no “magic wands” in the real world … even for central bankers.

Biden is no magician either of course, but then presidents generally have relatively little control in our system over monetary policy, and grand fiscal policy changes have been stymied by deadlock in Congress. The bills that have passed recently will not effect inflation one way or another in the near term.

 

[marvin martian]

Taking a second to post from Italy to thank Biden for the strength of the dollar. Basically a 1:1 exchange rate which is about the best ever.

The Dollar Is Extremely Strong, Pushing Down the World (Published 2022)

The value of the U.S. dollar is the strongest it has been in a generation, devaluing other currencies and unsettling the global economic outlook.

www.nytimes.com

My trip over here is going well and it’s cheap. Thanks Biden!!!! Some random pics from Rome:

View attachment 671214

Your little hate cult is down to 26% now.

LOL!

 

[Oddball]

This is a ridiculous and ignorant statement, true only for Turkey, where the central bank is acting very foolishly.

Otherwise inflation in Europe is and will remain higher primarily because of the extremely high prices there for gas and energy due to the Ukraine War and sanctions. Other material factors, for example the heat wave and the very low levels of European rivers like the Rhine have meant that even nuclear cannot be used maximally (in France) and coal cannot be delivered cheaply. Germany is even being forced to close factories. The German central banks have very few good options in the short run. There are no “magic wands” in the real world … even for central bankers

It's a truthful statement....Central banks control the value of currencies, by their ability to create it or take it out of circulation....This is a fact that cannot be denied.

The USD is the tallest dwarf.

 

[citygator]

Dollar’s record strength shows the world’s confidence in a Biden led economy.

EMERGING MARKETS-Dollar strength amid risk aversion weighs on currencies

* Israel's shekel falls 0.6% despite interest rate hike * Pakistan's central bank keeps policy rate unchanged * Colombian peso slides as oil drops 4% By Susan Mathew Aug 22 (Reuters) - Emerging market currencies deepened losses on Monday as the dollar gained momentum, with Brazil's real...

finance.yahoo.com

 

[Tom Paine 1949]

It's a truthful statement....Central banks control the value of currencies, by their ability to create it or take it out of circulation....This is a fact that cannot be denied….

Central bankers of course can — in certain circumstances — purposely devalue their currencies. But German bankers are NOT doing that now!

Since Weimar they have been among the most conservative in the world. German inflation has actually been lower overall than U.S. inflation this year, but it will probably persist longer than here. It is NOT being caused by German banks pouring money into the economy, but by material problems, especially higher energy costs. Besides, inflation rates in different countries are NOT the chief determinant of varying international exchange rates, which is a very different issue.

It is a completely childish belief that “banksters” always and everywhere can control domestic inflation by using monetary policy. Even for great economies! Otherwise how to explain why the Germans (using the Euro of course and subject to EU restrictions) could not even raise the rate of inflation to their own minimum target rate of 1.9% for many years.

In particular in 2014, 2015, 2016 and 2020 the actual inflation rate in the euro area barely avoided entering deflationary territory. In 2021 the Bundesbank assumed that 2022 inflation would be 1.5% and maintained its normal monetary policy.

What happened? Inflation suddenly and unexpectedly rose to over 8%! Why? There was NO sudden flooding of the market with Euros. What there was was the chaotic worldwide exit from the Covid economy leading to huge logistics problems, and above all the Russia-Ukraine War and sanctions that led to stupendous increases in European energy prices — even to this moment!