Investors are liking other fiat vs. USD.
- EUR (just hit its highest since July 2023), GBP, CHF, yen all rising.
Gold surging too, its around 3185 as I post.
I posted back in March on Trump efforts that may be directed at removing the independence of the Federal Reserve:
And I updated this a little earlier today:
To repeat what I posted earlier, this from various social media sources:
Trump’s economic policies are diminishing growth prospects and raising inflation. His other idealogical-driven policies are risking central bank independence.
EUR, JPY, CHF all have claims on reserve currency status to one degree or another. The destruction of confidence in, and credibility of, the US is fuelling their rise.
