Live Currency Rates

Perspective

Tuesday, August 27, 2024 10:11 PM

The dollar has been falling against major currencies adding to US inflation and increased raw material cost for American industry that require non dollar denominated imports.

Gold has been appreciating in value over the last 8 months to the tune of 26% and continues on this path indicating little confidence in US foreign policy to wanting to resolve current conflicts peacefully.

Europe and NATO countries potentially escalating conflicts and preparing for World War III.

The only consesnsus can be that US and Europe are so hopelessly in debt that the only way they beleive they can consolidate themselves is to take it from other nations like Russia and China.