The Dollar and Euro Are Near Equal: How Will the Currency Shakedown Hit American Wallets? - CNET Ok, so I saw a headline a few days ago about how the US Dollar and Euro are about the same now. In another place, I don't know where, it seems like all of the currencies are down compared to the US Dollar. Yes, I know that we're in a global inflation and possible global recession right now, which might explain the currency drops. But what this means is that the US Dollar is strong! Chew on that one for a minute! We bit the bullet, went through deflation, and got through the free money era. Now, we have gone through the tunnel and have come out the other side with a strong dollar, all without noticing! The inflation actually lowered our wages without us needing to take a pay cut. We got the pay cut that deflation describes by just standing still. In other words, the dollar is worth more than it used to! Isn't that a good thing?
Both the US dollar and Euro have experienced inflation and decreased in value. Maybe some in the world will think no one will notice if they both go down together at the same rate, and maintain the same exchange rate relative to each other. Both governments (US run by progressives and EU run by progressives) used the Coronavirus pandemic as an excuse to run up big budget deficits. Meanwhile, I heard some Japanese people who had been living abroad returned to Tokyo and remarked how surprised they were that things like hamburgers now seem to be cheaper in Japan than the prices they were seeing in the US. Especially since Japan is known for being a "high cost of living" country.
