Loading ...And, opposite the US Dollar over priced in the sky, we have an extremely LOW Euro. Back in the 1970s for various reasons, I used to think, what the hell are we?? The United States of Europe?
They have been mooching on us since WW I and WW II. They absorbed half our gold reserves via trade imbalance, between 1934 and 1971, when they were FINALLY thrown off the gravy train.
Unfortunately, with their influence, after that DAY? They and Japan and later China, took away many tax paying businesses and jobs. Then later all the others gang banged us like India Bangladesh and now Vietnam of all places is getting our work.
By the looks of the Euro chart so low, I have to assume Europe is in power, in charge, and THEY think, they are more entitled to the lower Euro “punch bowl” than we are because of their very costly socialist system.
https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=d1
We could be looking at the old ways and the new Trump ways at the same time. Because by the jaw boning sound or constant rhetoric of how great the US Economy is doing, sounds like a panic situation to me. The rest of the world’s economies are supposedly slumping, and without the USA their problems will get worse.
Think of the global economy as the CAR, and the USA as the Battery and it needs a fast charge.
Batteries don’t last like they used to, and don’t take a charge. And you can bet your ass a decent percent of the US jobs are gov’t or taxpayer supported. Some jobs are “victim” supported. Like when you get a ticket in the mail for not stopping totally making a right turn on red.
Or that stupid check engine light that costs money. And the 30% cost of electronic parts in your car that you don’t need. If I could save $1,000 or $2,000 and not have an airbag I’d do that. Who needs those tire pressure sensors?? Try to get a stripped down car with a rubber floor crank windows, and no power locks.