The World tries to Protect itself from US Monetary Policy

Foreign countries are instituting capital controls on dollars coming into their countries in order to quell inflation. Just to point out the obvious once again: if countries the world over are experiencing significant inflation, and our currency is weakening compared to a basket of their currencies, we have inflation even worse than they do. This puts the lie to the official numbers put out by the propaganda generators who calculate CPI. Higher inflation means higher interest rates and interest payments on our debt, which becomes a set of heavy shackles around america’s ankles as we try to tread financial water.

Review & Outlook: Fleeing the Dollar Flood – WSJ.com: online.wsj.com/article/SB1000142405274870378910457…ADTop

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