The US Dollar is King ($1 Dollar = €1 Euro)

[Off the Court]

Why dollar is king now

At a time when the entire world is dealing with high inflation, worries about a global recession and markets rocked by immense volatility, the dollar has become an island of safety.

The dollar has climbed in value against global currencies by more than 10% since the beginning of the year.

It means that people need to put up fewer dollars in exchange for other currencies. At the beginning of the year, for instance, it would take $1.13 to buy one euro, compared to just $1 now.

It may seem counterintuitive that the dollar is strengthening at a time when there is so much fear about the future of the U.S. economy.

Last month, inflation was up a whopping 9.1% from a year ago, with prices rising at their fastest annual pace in more than four decades. To fight high inflation, the Federal Reserve has been hiking interest rates aggressively, and that has fueled fears the Fed's policies could lead to a recession.

However, they are also helping to boost the value of the dollar.

"Higher interest rates generally lead to a stronger currency," says Jane Foley, the head of foreign exchange at Rabobank. "That's textbook economics."

That's because investors start chasing dollar-denominated investments that will lead to higher returns, compared to assets in other currencies.

The Federal Reserve isn't the only central bank trying to tame inflation by adjusting interest rates, but so far, it has done more than others have. The European Central Bank plans to raise interest rates at its next meeting later this month.

https://www.npr.org/2022/07/16/1111572775/dollar-euro-exchange-rate-parity



Was this all in the plan tin foils? To make the Dollar stronger than ever?

[Johnny32]

thx biden!

[jstern]

As I understand it, the Russian sanctions is hurting Europe very badly. With one country having to tell their citizens that they have to lower their heat consumption, and other oil related stuff. But as long as the pedophile looks good, that's all you care about. It doesn't matter how many Ukrainian dies, how many economies are ruined, how this all this is actually bad. All some people care about is about twisting something into making Biden look good. It's ok to not have heat, because we must punish Putin. The media said so.

[Off the Court]

As I understand it, the Russian sanctions is hurting Europe very badly. With one country having to tell their citizens that they have to lower their heat consumption, and other oil related stuff. But as long as the pedophile looks good, that's all you care about. It doesn't matter how many Ukrainian dies, how many economies are ruined, how this all this is actually bad. All some people care about is about twisting something into making Biden look good. It's ok to not have heat, because we must punish Putin. The media said so.

Not a single mention of Biden in the OP or the attached article so not even "the media said so". You just furiously interpreted this is "F@#K NOW BIDEN LOOKS GOOD SH#T!" :oldlol:

:roll:

[bladefd]

Not a single mention of Biden in the OP or the attached article so not even "the media said so". You just furiously interpreted this is "F@#K NOW BIDEN LOOKS GOOD SH#T!" :oldlol:

:roll:

It came right out of the horse's mouth without you ever having to even mention Biden :oldlol:

Biden had him at hello. :oldlol:

[warriorfan]

Stupid trumpeters!!!!

[jstern]

Not a single mention of Biden in the OP or the attached article so not even "the media said so". You just furiously interpreted this is "F@#K NOW BIDEN LOOKS GOOD SH#T!" :oldlol:

:roll:

The point of my post is that you, as well as other big Biden supporters are gloating about this, think the dollar is stronger than ever, as if the results of some great policies and because things are looking up. It's literally like gloating because the US is paying $10 a gallon, and Germany $20 because they can't get any Russian oil. And then being like, "Biden is the best."

It doesn't matter that you technically did not mentioned Biden. Since Biden is your whole agenda. What kind of silly game is that. Off the Court saying, "But, but, I TECHNICALLY did not mention Biden."


https://youtu.be/ERj260ysW7g

So for certain parts of Germany, "You have to turn off the lights, you have to turn off the gas, you can't cook during certain times." And you're like, "Omg, this is such great news for Biden." Even though it's a sign of bad things to come for the US.

It's so ridiculous. This whole Joe Biden push to hurt Russia is hurting every country, but Russia. And China.

"Patting ourselves on the back for winning the losing race"

[Axe]

Gold.

[jstern]

Gold.

I have hope for Axe to one day break away from the woke liberal nonsense. Simply because he showed signs of free thinking by becoming an anti mRNA vaxxer.

Meanwhile, I can just imagine the Off the Court/Bladedf German equivalents, going to bed in the winter, wearing their coats and winter hats. Saying to themselves that they don't mind it, because they're really letting Putin have it. As their watery noses drip from condensation buildup, due to the sub 40f degrees temperature in their rooms. Perhaps taking selfies, to show the world how much they really care about Ukraine.

[Axe]

I hope our dearest jstern will finally be allowed to renew his adderall prescription because he's been mentally disturbed since january 20, which is exactly 18 months ago already. :ohwell:

[Jasper]

the world is changing / it is happening every where and USA is at the fore front of the change.

Think of it this way - and old guy with socks with a hole in it (Trump) saying it could be used for another few decades until I die.

And the bright flashy well dressed 30 year old ' designer socks changing them for the better of himself and man kind.
change is good , and longevity is way of change.

[AKA_AAP]

Your quote starts off "why dollar is king now", then does not list a single reason why. That was a low IQ quote from a low IQ person, so definitely par from the course. If you can stop being poor and understand money and how it works, you would realize USD has been king for decades now without missing a year. And it has NOTHING to do with exchange rates. LowIQoffthecourt is so partisanly blind, he will never get it.

[Nanners]

What exactly makes the dollar "king"? The best performing currency right now is the Russian ruble, its way up vs USD lately.

Anyway, the reason the dollar has been outperforming most other currencies is because economic conditions in the rest of the developed world are somehow even more ****ed up than the US, and because the US millitary is still feared/respected around the world (for now)

[bladefd]

What exactly makes the dollar "king"? The best performing currency right now is the Russian ruble, its way up vs USD lately.

Anyway, the reason the dollar has been outperforming most other currencies is because economic conditions in the rest of the developed world are somehow even more ****ed up than the US, and because the US millitary is still feared/respected around the world (for now)

Dollar is king because it is the currency of the world. Talk to me when the ruble is in the same universe.

[Gohan]

According to my homie patrick, if i get a billion dollars it would be like earning minimum wage in the u.s.

Thats tough to digest:roll:

[AKA_AAP]

Dollar is king because it is the currency of the world. Talk to me when the ruble is in the same universe.

Wow, you finally said something correct. Must of been eavesdropping on a couple Republicans talking about money/finance/economy. At least you understand LowIQoffthecourt's thread better than he does. AlwaysWrongBladefd is now 99.9PercentWrongBladefd! You made one small step at being on my level, though you are still miles away.

Here comes LowIQoffthecourt with more misleading graphs he copy and pastes from the msnpc sources. The article LowIQoffthecourt cites is from David Gura, an activist that use to work for msnbc and now for left leaning npr. :facepalm

[oldtimer28]

The point of my post is that you, as well as other big Biden supporters are gloating about this, think the dollar is stronger than ever, as if the results of some great policies and because things are looking up. It's literally like gloating because the US is paying $10 a gallon, and Germany $20 because they can't get any Russian oil. And then being like, "Biden is the best."

It doesn't matter that you technically did not mentioned Biden. Since Biden is your whole agenda. What kind of silly game is that. Off the Court saying, "But, but, I TECHNICALLY did not mention Biden."


https://youtu.be/ERj260ysW7g

So for certain parts of Germany, "You have to turn off the lights, you have to turn off the gas, you can't cook during certain times." And you're like, "Omg, this is such great news for Biden." Even though it's a sign of bad things to come for the US.

It's so ridiculous. This whole Joe Biden push to hurt Russia is hurting every country, but Russia. And China.

"Patting ourselves on the back for winning the losing race"

precisely

[jstern]

Gold.

Seems like you might be right.


https://www.youtube.com/watch?v=hsuMW4yQT64

[Axe]

Seems like you might be right.


https://www.youtube.com/watch?v=hsuMW4yQT64
You quoted the same post itt twice now.

[jstern]

I have hope for Axe to one day break away from the woke liberal nonsense. Simply because he showed signs of free thinking by becoming an anti mRNA vaxxer.

Meanwhile, I can just imagine the Off the Court/Bladedf German equivalents, going to bed in the winter, wearing their coats and winter hats. Saying to themselves that they don't mind it, because they're really letting Putin have it. As their watery noses drip from condensation buildup, due to the sub 40f degrees temperature in their rooms. Perhaps taking selfies, to show the world how much they really care about Ukraine.

Donald Trump Was Right About Germany


https://www.youtube.com/watch?v=qupqw6RiDIE

And for now, no hot water for Germany in public buildings. Everybody has to do their part.


You quoted the same post itt twice now.

The video came out afterwards, so I had to quote it again. I couldn't tell you that you might just be right when the video hadn't come out yet. Duh.

[Axe]

The video came out afterwards, so I had to quote it again. I couldn't tell you that you might just be right when the video hadn't come out yet. Duh.
And it took you more than two days to tell me this. :(