The Strongest Dollar in 20 Years is Exporting US Inflation

The Strongest Dollar in 20 Years is Exporting US Inflation

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If you are like most Americans, you are probably still feeling the pain at the gas pump. But not just because of that is because you're also feeling the pain when you go to the grocery store, you fill up your grocery cart with all the same groceries that you normally get, but it's costing you a lot more than it did last month and the month before, the month before that.

And it has been about a year and a half to two years now of continuous price increases in all the stuff that everybody needs to buy. However, the dollar has been getting a lot stronger over the past year, it has gone up about 24%. This means that compared to other currencies, the United States dollar is doing extremely well. And on top of that, the fact that we import $3.4 trillion worth of stuff from other countries, leaving us with a deficit of 676 billion.

We are currently exporting a lot of our inflation to other countries, and it is only a matter of time before this results in a sovereign debt crisis.

Timecodes
0:00 Video Overview
1:03 Intro
1:10 Dollar Starting to Rise
3:00 US in a Trade Deficit
4:05 Other Countries Trying to Get Their Hands on the Dollar
7:55 Outro

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