Loading ...I believe all commodities are traded in US Dollars. The US Dollar is treated like a commodity, so naturally, it also is traded in Dollars. That means to me, all other currencies simply go inverse USD. Clearly seen below. Obviously this is engineered, but for what?? Are they hoping millions of Americans will go on vacation at big discounts in other countries? (welfare)
Yep, all commodities trade in dollars, so they are selling local currency to buy dollars. The key question you ask is to what end? That is what I don’t know yet. Unless they are going re-value the dollar. I don’t see that happening.
Heard a guy on FOX say he’s buying the metals and expects a rally in Nov., Dec. – based solely on the idea that the USD is going to correct. I hope he’s right.
Lastly, it could just be to usher in communism, socialism, Marxism. Everyone’s broke but the elites. Food for thought, Biden has allowed 3 million (at least) immigrants into the country at the same time they are crashing the economy. These migrants will work harder and faster than their citizen counterparts, including the current Hispanic work force. There will be no jobs and the actual citizens will lose theirs to a migrant.