If I'm not mistaken USD comprises more than 95% of the world's currencies. The euro makes up most of the rest, nearly 20%. If they continue to create inflation, or if they collapse and have no economic or monetary policy to return to, the world economy could fall like dominoes.
It is always good to know the economic situation in your country. Many things in life depend on money – including food, health, and education. So it's good to know these things. We must also realize that we are in a recession right now and many people have lost their jobs or lost their jobs. Things may seem bad right now, but there is hope for the future if we just spread the word to educate others about it so they can prepare for it.
It is always good to know the economic situation in your country. Many things in life depend on money – including food, health, and education. So it's good to know these things. We must also realize that we are in a recession right now and many people have lost their jobs or lost their jobs. Things may seem bad right now, but there is hope for the future if we just spread the word to educate others about it so they can prepare for it.
That's certainly true, mate. The US Dollar is still the world's reserve currency, so anything that would impact its value would have a similar effect on other Fiat currencies. What's causing inflation is the disruption in supply chains and high gas prices because of the COVID-19 pandemic and the Russia-Ukraine crisis. If none of these things would've happened, inflation would've been completely under control. I don't think the FED's measure to raise interest rates is going to have any profound reduction in the USD's inflation rate. The US and its allies need to work together to stop the Russian-Ukraine war and contain the COVID-19 virus for the good of the global economy. Otherwise, things are going to get worse.
Many people are already suffering because of the high cost of living. The rich are becoming richer, while the poor, poorer. No one knows what will happen in the future, so we can only hope for the best. Just my opinion
