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A strong dollar makes American exports expensive. A weaker dollar makes them competitive. If we want domestic manufacturing, we need competitive exports. Competitive exports require a cheaper currency. A cheaper currency requires devaluation. And devaluation, if it’s going to work, must happen gradually. What a weaker dollar actually means at the household level: Imports cost more. Your purchasing power erodes. Your savings lose real value. Travel abroad becomes more expensive. Electronics cost more. Energy costs rise. Food costs rise. That isn’t labeled “inflation.” It’s framed as competitiveness. In 1971, the US ended the gold standard. The move was described as temporary. That was fifty-five years ago. It’s still “temporary.” At the time, one dollar bought one dollar’s worth of goods. Today, that same dollar buys roughly 12.5 cents worth. An 87.5% reduction in purchasing power over 55 years averaging about 3.85% per year
this is comforting. the West may still have a chance.
stacking sats tonight for a brighter tomorrow ☀️ image
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I’m increasingly convinced that Trump is functioning as an engineered agent of chaos, designed to fracture the failing global economic order & accelerate a once in a Century shift in the global system. The resulting instability creates the cover elites need to repackage unsustainable debt & consolidate control over populations that are growing more frustrated, polarized, & unsettled. image
Tuesday don’t forget to #stretch
“The Party told you to reject the evidence of your eyes & ears. It was their final, most essential command.” — George Orwell, 1984 🔊 🎶