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The dollar should just dip and then dip out.
We don’t need this currency.
We just need Bitcoin to run everything.
RT:
The US dollar index, which measures the greenback against six other major currencies, plunged to near one-month lows on Monday, following a Goldman Sachs forecast that Washington will likely halt rate hikes. According to trading data, the index slid 0.6% to 103.9 by 09:00 GMT.
Goldman’s previous forecast predicted a 25-basis-point hike at the next Fed meeting in March. The change in expectations came after US regulators on Sunday announced a new emergency program aimed at protecting bank clients, following the failures of Silicon Valley Bank and Signature Bank last week.
According to a joint statement from US Treasury, Federal Reserve and the Federal Deposit Insurance Corporation (FDIC), they will make a “systemic risk exception” to allow both insured and uninsured depositors of the failed banks to regain full access to their money. The Fed also separately announced it would make additional funding available for banks in cases of emergency, through a new Bank Term Funding Program.
The measures led investors to predict the Fed may be too busy sorting through the fallout of the banks’ failures to raise interest rates in the near term.
There is a historic correlation between higher interest rates and failures of overleveraged financial institutions. Overleveraging occurs when a business has borrowed too much money and is unable to pay interest payments, principal repayments, or maintain payments for operating expenses due to its debt burden. However, analysts say US inflation data release on Tuesday may also affect the Fed’s rate hike plans.
The inflation is here to stay, whether you raise the rates or not. The only reason you would raise rates to try to do something with inflation is if you were purposefully trying to collapse the economy. It doesn’t make any sense otherwise.
The threat of inflation is really pretty small. It only affects poor people. I don’t care about poor people, and I hope they starve, but even if you did care about poor people, you would be aware that collapsing the economy to try to do some goofy thing with inflation that would even stop inflation (while the feds are still printing money) would be a lot worse for poor people than inflation.
You can’t hardly have this conversation with most people. Most people have a very tiny understanding of economics, and think that you raise rates to lower inflation, and if you say it won’t work this time because the inflation is much too extreme, and that trying to do it would just implode the market, which would lead to even higher inflation, they will become confused and say you don’t know what you’re talking about. So it’s pointless to even talk about with most people. If you find someone who really understands economics, they’ll get what you’re trying to say, but then probably disagree.
Anyway, whatever.
Predictions of a serious situation this year were based on the theory the feds were going to cause a disaster on purpose by raising rates while saying it’s all about inflation. (They would do that so they could buy up everything for cheap.)
If the government is backing down on rate hikes, it means cooler heads have prevailed, and they realize they need a better economy for the wars they are planning. This would mean that predictions of collapse this year are wrong, and everyone can go back to investing. Of course, they could change their plans at any time, so who the hell even knows.
