OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

@deer79 re your “Smells like someone is desperate for US dollars….”

Posted by Mr.Copper @ 11:05 on November 13, 2024  

How about all the countries that like to sell their crap to the USA? The stronger US Dollar gives Americans artificially cheaper prices for imported products. Maybe they want to sell as much as they can before Trump gets in, and puts a stop to and or tax on imported crap, that we can make here. Like it was here until 1970.

Before 1970 they were exporting US Dollars, spent by Americans, and redeeming them for our Gold at $34/oz. In 1971 the USA stopped that because the Gold was worth $140/oz. So after we cut them off, they started taking away our industries.

Note, China has a basically fixed exchange rate at around 7 yuan to $1 when it should be about 2 Yuan to $1.

USD versus others:

https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=d

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.