The US Dollar is the strongest it has ever been.
Why does it seem like business owners and consumers are getting the short end of the stick with all of this inflation?
Even if you’re a crypto evangelist or China doomsayer who believes they will weaponize its US Treasury Bond holdings (something that is not true), the dollar isn’t going anywhere.
It is the world reserve currency. Period. 90% of all currency trades are in dollars.
The daily global turnover is $6 trillion.
It means the sanctions are working with Russia (see North Korea arms sales) = US Military power
It also means any additional movement by the Fed affects the rest of the world.
If the Fed pushes too hard and destroys economic demand globally, they’ll need to pump the brakes with rate increases.
Either way, if you’re a business owner, continue to increase cash flow in your business.
Pay down high-interest rate lines of credit.
Talk to your financial advisor to invest in the US Dollar through ETF’s.
