The Fed and the Value of the Dollar & Risk Assets

It is the national policy for virtually every centrally planned economy on the planet (which is all of them) to devalue the currency. Economic central planners use currency as a tool of economic warfare. The objective of currency devaluation is to help the export sector of the economy. It is our contention that the economic policymakers in virtually every country on the planet, with the exception of the United States, has an export strategy.

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