Weak dollar does NOT equal weak country.

aggiebrad94 said:

---

Weak dollar does NOT equal weak country.

---

What???? Show your work on that. You can't just do a drive by.

Just wonder if folks sit down with their older children and say, "look, this is what happens, when this ( eventual collapse) happens to the economy.. "What if there is no work and banks or government comes after the house and cars., and college is at bottom of list for our survival.

AgNav93 said:

---

aggiebrad94 said:

---

Weak dollar does NOT equal weak country.

---

What???? Show your work on that. You can't just do a drive by.

---

no need to show work. saw it on CNN, the most trusted name in news; not some disinformation site that said something different.

Gigem_94 said:

---

I'm no economist, but I'm guessing the Reserve Currency status of the dollar is about the only thing keeping our crushing debt from collapsing our entire system similar to how the Soviet Union imploded because of its debt decades ago.

---

Bernstein isn't one, either:

Quote:

---

Bernstein graduated with a bachelor's degree in music from the Manhattan School of Music where he studied double bass with Orin O'Brien. Throughout the Eighties Jared was a mainstay on the jazz scene in NYC.

He also earned a Master of Social Work from Hunter College as well as a DSW in social welfare from Columbia University's school of social work.

---

https://en.m.wikipedia.org/wiki/Jared_Bernstein

Detmersdislocatedshoulder said:

---

this guy has to be related to the ship captain of the exon valdeez.

---

Metaphorically spot on. These people are driving our county into the ground.

But it's not stupidity... this guy is a puppet being controlled by foreign interests.
We've seen over the last week what foreign money is doing to our universities.

FTAG 2000 said:

---

He's incompetent. The people running the show (the real people, not Biden) want to destroy the dollar.

They found a hatchet man.

---

Fifya, the term useful idiot applies here

He's trying to explain MMT, as a non-expert on the topic, right? I can't fault him for not being able to construe a solid story out of that mess. OTOH "false proves everything," so if he was asked about MMT he could have validly expounded on interpretating the colors of unicorn farts...

But I think the general sentiment [on this thread] is spot on. We need to at least hold to the latest trend here (plot below of Fed balance sheet), if not accelerate it:

(source)

Ray Dalio has thrown down the gauntlet, and it's up to us (and our leaders) to prove him wrong. Or else we end up like every previous world power holding the short end of the Trap of Thucydides.

Heineken-Ashi said:

---

And he's flat out wrong.

We haven't had substantial printed money in a long time. The Money Printing Myth & The Raid On Our Bank Accounts by Daniel Amerman

Quote:

---

The objective facts are that the Fed bought $3.7 trillion in new assets by taking out $3.7 trillion in new debts. The Fed borrows the money to spend the money. Any beliefs that state otherwise, are opinions that are not based on the facts.

---

---

This doesn't happen without expansion of money supply.

The Fed loaned the treasury $3.7 T because the Treasury asked for it to pay for spending.

The treasury is short on funds from taxes. This is why it is borrowing. Thus the deficit. And for all this to work an expansion of money supply must occur. Thus it is technically printing money. But instead of actual paper money being created, it is a ledger that the Fed has showing a debit and a credit.

Of course there isn't a paper currency printing operation going on. But it is still very much a function and process that yields the same result--devaluation of currency due to debts and how we pay for them.

This whole system works because 1) the power of the state to tax 2) faith in the currency.

It isn't the case that MMT is expected to take shape as a driving force in our financial system--it already is the driving force and has been since the USD was de-pegged from Gold about 50 years ago.

fixer said:

---

Heineken-Ashi said:

---

And he's flat out wrong.

We haven't had substantial printed money in a long time. The Money Printing Myth & The Raid On Our Bank Accounts by Daniel Amerman

Quote:

---

The objective facts are that the Fed bought $3.7 trillion in new assets by taking out $3.7 trillion in new debts. The Fed borrows the money to spend the money. Any beliefs that state otherwise, are opinions that are not based on the facts.

---

---

This doesn't happen without expansion of money supply.

The Fed loaned the treasury $3.7 T because the Treasury asked for it to pay for spending.

The treasury is short on funds from taxes. This is why it is borrowing. Thus the deficit. And for all this to work an expansion of money supply must occur. Thus it is technically printing money. But instead of actual paper money being created, it is a ledger that the Fed has showing a debit and a credit.

Of course there isn't a paper currency printing operation going on. But it is still very much a function and process that yields the same result--devaluation of currency due to debts and how we pay for them.

This whole system works because 1) the power of the state to tax 2) faith in the currency.

It isn't the case that MMT is expected to take shape as a driving force in our financial system--it already is the driving force and has been since the USD was de-pegged from Gold about 50 years ago.

---

I hear you, but you are still not understanding that the money wasn't created out of thin air in the traditional "printing money" case. It was taken from bank accounts, and then loaned back out to banks.

In the traditional case, the FED declares $100 of new money buying treasuries. The new "assets" show up on their balance sheet in the amount of $100. The Fed then loans $900 to banks. Banks get $900 and loan out $8,100, effectively $10k of new money.

In 2008, the FED took $100 in deposits from the bank. This wasn't new money. It was the people's already existing money. It then loaned out $900 back to the banks who loaned out $8,100. Who was borrowing between 2008 and 2011? Was it the middle class guy whose deposit was taken without him knowing? No. His savings account was lower and his retirement portfolios had tanked. It took him 5+ years on an inflation adjusted basis to get back to where he was in 2007. The people who accepted the bank loans were the wealthy, who leveraged it to increase their wealth and "beat out" the destruction of the money the FED took from them. Hence why all the angst about the haves and have nots today and the growing wealth gap, despite people not knowing how or why it happened.

But make no mistake, this money wasn't "printed". It wasn't a treasury issued security that the FED bought. It was the taxpayers existing cash and savings. The FED "borrowed" from the middle class to kick the can down the road. The money supply expanded, but only to the benefit of the banks and wealthy. To the middle class, their access to money shrank and their wealth decreased and continued to decrease at 2% per year until 2020. And it is decreasing harder today with higher inflation.

Ghost Mech said:

---

Jared Bernstein, Chair of the Council of Economic Advisers, the main agency advising Biden on economic policy.

Take the time to watch the video. Its short.

Oh good heavens.
Please just take 90 seconds to listen to this.
Bernstein is so clueless that he makes Stephanie Kelton seem rational.
Truly, the end of The Great Keynesian Experiment is upon us.
(h/t @TFL1728) https://t.co/E8FMHpuyrh

— TF Metals Report (@TFMetals) May 3, 2024

---

Quote:

---

Let me make it simple:

US Government issues a ****coin out of thin air called US treasury bond which it uses to borrow dollars from The Fed.

The Fed issues a ****coin out of thin air called the US dollar to buy US treasury bonds.

Since both of these ****coins are issued out of thin air (meaning: without performing any productive work) and both can be used to acquire the fruits of productive work (aka real wealth), this ****coin scam is used to steal the real wealth of dollar savers worldwide.

Saving in #Bitcoin is the only way you can avoid having your real wealth stolen by these ****coin scam artists.

---

Let me make it simple:

US Government issues a shitcoin out of thin air called US treasury bond which it uses to borrow dollars from The Fed.

The Fed issues a shitcoin out of thin air called the US dollar to buy US treasury bonds.

Since both of these shitcoins are issued out of…

— Robert ₿reedlove (@Breedlove22) May 3, 2024

schmellba99 said:

---

1. WTF is a phd in social welfare? Why does this crap even exist?
2. Why is somebody that has a degree in a useless made up subject in charge of economic policy?

Might as well let a labrador make decisions, they will be better.

---

Wow. I have seen him interviewed multiple times and never was impressed because he came across as having the gift of gab (bs) and was always ready with the talking points.

Truly the social justice scam artist helping Obama and Biden spread propaganda.

Ghost Mech said:

---

Quote:

---

…,,,,,…..
Mr. Bernstein holds a Ph.D. in social welfare from Columbia University.
….,,,,

---

…,,

---

You don't say.
That video clip explains how he & President Biden can communicate on the same wave length, senility.

Heineken-Ashi said:

---

fixer said:

---

Heineken-Ashi said:

---

And he's flat out wrong.

We haven't had substantial printed money in a long time. The Money Printing Myth & The Raid On Our Bank Accounts by Daniel Amerman

Quote:

---

The objective facts are that the Fed bought $3.7 trillion in new assets by taking out $3.7 trillion in new debts. The Fed borrows the money to spend the money. Any beliefs that state otherwise, are opinions that are not based on the facts.

---

---

This doesn't happen without expansion of money supply.

The Fed loaned the treasury $3.7 T because the Treasury asked for it to pay for spending.

The treasury is short on funds from taxes. This is why it is borrowing. Thus the deficit. And for all this to work an expansion of money supply must occur. Thus it is technically printing money. But instead of actual paper money being created, it is a ledger that the Fed has showing a debit and a credit.

Of course there isn't a paper currency printing operation going on. But it is still very much a function and process that yields the same result--devaluation of currency due to debts and how we pay for them.

This whole system works because 1) the power of the state to tax 2) faith in the currency.

It isn't the case that MMT is expected to take shape as a driving force in our financial system--it already is the driving force and has been since the USD was de-pegged from Gold about 50 years ago.

---

I hear you, but you are still not understanding that the money wasn't created out of thin air in the traditional "printing money" case. It was taken from bank accounts, and then loaned back out to banks.

In the traditional case, the FED declares $100 of new money buying treasuries. The new "assets" show up on their balance sheet in the amount of $100. The Fed then loans $900 to banks. Banks get $900 and loan out $8,100, effectively $10k of new money.

In 2008, the FED took $100 in deposits from the bank. This wasn't new money. It was the people's already existing money. It then loaned out $900 back to the banks who loaned out $8,100. Who was borrowing between 2008 and 2011? Was it the middle class guy whose deposit was taken without him knowing? No. His savings account was lower and his retirement portfolios had tanked. It took him 5+ years on an inflation adjusted basis to get back to where he was in 2007. The people who accepted the bank loans were the wealthy, who leveraged it to increase their wealth and "beat out" the destruction of the money the FED took from them. Hence why all the angst about the haves and have nots today and the growing wealth gap, despite people not knowing how or why it happened.

But make no mistake, this money wasn't "printed". It wasn't a treasury issued security that the FED bought. It was the taxpayers existing cash and savings. The FED "borrowed" from the middle class to kick the can down the road. The money supply expanded, but only to the benefit of the banks and wealthy. To the middle class, their access to money shrank and their wealth decreased and continued to decrease at 2% per year until 2020. And it is decreasing harder today with higher inflation.

---

"The money supply expanded"
This is the crux of the problem. We are not experiencing inflation, we are experiencing the devaluation of the dollar.

oh no said:

---

bobbranco said:

---

Bernstein is the perfect goalie for all failed Democrat economic policies.

---

---

One of my favorite and most appropriate Gifs.

richardag said:

---

Heineken-Ashi said:

---

fixer said:

---

Heineken-Ashi said:

---

And he's flat out wrong.

We haven't had substantial printed money in a long time. The Money Printing Myth & The Raid On Our Bank Accounts by Daniel Amerman

Quote:

---

The objective facts are that the Fed bought $3.7 trillion in new assets by taking out $3.7 trillion in new debts. The Fed borrows the money to spend the money. Any beliefs that state otherwise, are opinions that are not based on the facts.

---

---

This doesn't happen without expansion of money supply.

The Fed loaned the treasury $3.7 T because the Treasury asked for it to pay for spending.

The treasury is short on funds from taxes. This is why it is borrowing. Thus the deficit. And for all this to work an expansion of money supply must occur. Thus it is technically printing money. But instead of actual paper money being created, it is a ledger that the Fed has showing a debit and a credit.

Of course there isn't a paper currency printing operation going on. But it is still very much a function and process that yields the same result--devaluation of currency due to debts and how we pay for them.

This whole system works because 1) the power of the state to tax 2) faith in the currency.

It isn't the case that MMT is expected to take shape as a driving force in our financial system--it already is the driving force and has been since the USD was de-pegged from Gold about 50 years ago.

---

I hear you, but you are still not understanding that the money wasn't created out of thin air in the traditional "printing money" case. It was taken from bank accounts, and then loaned back out to banks.

In the traditional case, the FED declares $100 of new money buying treasuries. The new "assets" show up on their balance sheet in the amount of $100. The Fed then loans $900 to banks. Banks get $900 and loan out $8,100, effectively $10k of new money.

In 2008, the FED took $100 in deposits from the bank. This wasn't new money. It was the people's already existing money. It then loaned out $900 back to the banks who loaned out $8,100. Who was borrowing between 2008 and 2011? Was it the middle class guy whose deposit was taken without him knowing? No. His savings account was lower and his retirement portfolios had tanked. It took him 5+ years on an inflation adjusted basis to get back to where he was in 2007. The people who accepted the bank loans were the wealthy, who leveraged it to increase their wealth and "beat out" the destruction of the money the FED took from them. Hence why all the angst about the haves and have nots today and the growing wealth gap, despite people not knowing how or why it happened.

But make no mistake, this money wasn't "printed". It wasn't a treasury issued security that the FED bought. It was the taxpayers existing cash and savings. The FED "borrowed" from the middle class to kick the can down the road. The money supply expanded, but only to the benefit of the banks and wealthy. To the middle class, their access to money shrank and their wealth decreased and continued to decrease at 2% per year until 2020. And it is decreasing harder today with higher inflation.

---

"The money supply expanded"
This is the crux of the problem. We are not experiencing inflation, we are experiencing the devaluation of the dollar.

---

The dollar has gone up in the same period inflation has.

This is ability to print money is why capital gains calculations should have the cost basis inflation adjusted. The government would never approve as it would significantly reduce tax proceeds.

Complete ****ing idiot

fixer said:

---

Heineken-Ashi said:

---

And he's flat out wrong.

We haven't had substantial printed money in a long time. The Money Printing Myth & The Raid On Our Bank Accounts by Daniel Amerman

Quote:

---

The objective facts are that the Fed bought $3.7 trillion in new assets by taking out $3.7 trillion in new debts. The Fed borrows the money to spend the money. Any beliefs that state otherwise, are opinions that are not based on the facts.

---

---

This doesn't happen without expansion of money supply.

The Fed loaned the treasury $3.7 T because the Treasury asked for it to pay for spending.

The treasury is short on funds from taxes. This is why it is borrowing. Thus the deficit. And for all this to work an expansion of money supply must occur. Thus it is technically printing money. But instead of actual paper money being created, it is a ledger that the Fed has showing a debit and a credit.

Of course there isn't a paper currency printing operation going on. But it is still very much a function and process that yields the same result--devaluation of currency due to debts and how we pay for them.

This whole system works because 1) the power of the state to tax 2) faith in the currency.

It isn't the case that MMT is expected to take shape as a driving force in our financial system--it already is the driving force and has been since the USD was de-pegged from Gold about 50 years ago.

---

And we have 30 million illegals leeching off of us.

AgNav93 said:

---

aggiebrad94 said:

---

Weak dollar does NOT equal weak country.

---

What???? Show your work on that. You can't just do a drive by.

---

"weak" and "strong" are just relative terms and are a temporary status in a free market.

Do you want strong US exports? Domestic industries, factories, products sold abroad? Then you want a weak dollar. You can have a strong country with a weak dollar.

A strong dollar suppresses exports but on the whole allows for a higher standard of living on imports. You can have a strong country with a strong dollar.

This. The article is legit. I have seen video on the networks to confirm.

bmks270 said:

---

Quote:

---

Mr. Bernstein holds a Ph.D. in social welfare from Columbia University.

---

This is truly frightening.

These Ivy grads learn nothing, gain no useful experience, become marxists, then weasel their way into influential position.

---

So just like Keynes he has no background in Economics and is leading us into oblivion. Keynes got us here; this guy is trying to finish it.

Heineken-Ashi said:

---

richardag said:

---

Heineken-Ashi said:

---

fixer said:

---

Heineken-Ashi said:

---

And he's flat out wrong.

We haven't had substantial printed money in a long time. The Money Printing Myth & The Raid On Our Bank Accounts by Daniel Amerman

Quote:

---

The objective facts are that the Fed bought $3.7 trillion in new assets by taking out $3.7 trillion in new debts. The Fed borrows the money to spend the money. Any beliefs that state otherwise, are opinions that are not based on the facts.

---

---

This doesn't happen without expansion of money supply.

The Fed loaned the treasury $3.7 T because the Treasury asked for it to pay for spending.

The treasury is short on funds from taxes. This is why it is borrowing. Thus the deficit. And for all this to work an expansion of money supply must occur. Thus it is technically printing money. But instead of actual paper money being created, it is a ledger that the Fed has showing a debit and a credit.

Of course there isn't a paper currency printing operation going on. But it is still very much a function and process that yields the same result--devaluation of currency due to debts and how we pay for them.

This whole system works because 1) the power of the state to tax 2) faith in the currency.

It isn't the case that MMT is expected to take shape as a driving force in our financial system--it already is the driving force and has been since the USD was de-pegged from Gold about 50 years ago.

---

I hear you, but you are still not understanding that the money wasn't created out of thin air in the traditional "printing money" case. It was taken from bank accounts, and then loaned back out to banks.

In the traditional case, the FED declares $100 of new money buying treasuries. The new "assets" show up on their balance sheet in the amount of $100. The Fed then loans $900 to banks. Banks get $900 and loan out $8,100, effectively $10k of new money.

In 2008, the FED took $100 in deposits from the bank. This wasn't new money. It was the people's already existing money. It then loaned out $900 back to the banks who loaned out $8,100. Who was borrowing between 2008 and 2011? Was it the middle class guy whose deposit was taken without him knowing? No. His savings account was lower and his retirement portfolios had tanked. It took him 5+ years on an inflation adjusted basis to get back to where he was in 2007. The people who accepted the bank loans were the wealthy, who leveraged it to increase their wealth and "beat out" the destruction of the money the FED took from them. Hence why all the angst about the haves and have nots today and the growing wealth gap, despite people not knowing how or why it happened.

But make no mistake, this money wasn't "printed". It wasn't a treasury issued security that the FED bought. It was the taxpayers existing cash and savings. The FED "borrowed" from the middle class to kick the can down the road. The money supply expanded, but only to the benefit of the banks and wealthy. To the middle class, their access to money shrank and their wealth decreased and continued to decrease at 2% per year until 2020. And it is decreasing harder today with higher inflation.

---

"The money supply expanded"
This is the crux of the problem. We are not experiencing inflation, we are experiencing the devaluation of the dollar.

---

The dollar has gone up in the same period inflation has.

---

Gone up in relation to what, seems the dollar buys significantly less in the supermarket, housing market, insurance, energy markets, etcetera, etcetera, etcetera.
edit spelling

USD has risen in value YTD against a basket of foreign currencies (Euro, Yen, Pound, Krona, Franc and Canadian Dollar).

Simple way to track it is Invesco U.S. Dollar Index Bullish Fund

richardag said:

---

Heineken-Ashi said:

---

richardag said:

---

Heineken-Ashi said:

---

fixer said:

---

Heineken-Ashi said:

---

And he's flat out wrong.

We haven't had substantial printed money in a long time. The Money Printing Myth & The Raid On Our Bank Accounts by Daniel Amerman

Quote:

---

The objective facts are that the Fed bought $3.7 trillion in new assets by taking out $3.7 trillion in new debts. The Fed borrows the money to spend the money. Any beliefs that state otherwise, are opinions that are not based on the facts.

---

---

This doesn't happen without expansion of money supply.

The Fed loaned the treasury $3.7 T because the Treasury asked for it to pay for spending.

The treasury is short on funds from taxes. This is why it is borrowing. Thus the deficit. And for all this to work an expansion of money supply must occur. Thus it is technically printing money. But instead of actual paper money being created, it is a ledger that the Fed has showing a debit and a credit.

Of course there isn't a paper currency printing operation going on. But it is still very much a function and process that yields the same result--devaluation of currency due to debts and how we pay for them.

This whole system works because 1) the power of the state to tax 2) faith in the currency.

It isn't the case that MMT is expected to take shape as a driving force in our financial system--it already is the driving force and has been since the USD was de-pegged from Gold about 50 years ago.

---

I hear you, but you are still not understanding that the money wasn't created out of thin air in the traditional "printing money" case. It was taken from bank accounts, and then loaned back out to banks.

In the traditional case, the FED declares $100 of new money buying treasuries. The new "assets" show up on their balance sheet in the amount of $100. The Fed then loans $900 to banks. Banks get $900 and loan out $8,100, effectively $10k of new money.

In 2008, the FED took $100 in deposits from the bank. This wasn't new money. It was the people's already existing money. It then loaned out $900 back to the banks who loaned out $8,100. Who was borrowing between 2008 and 2011? Was it the middle class guy whose deposit was taken without him knowing? No. His savings account was lower and his retirement portfolios had tanked. It took him 5+ years on an inflation adjusted basis to get back to where he was in 2007. The people who accepted the bank loans were the wealthy, who leveraged it to increase their wealth and "beat out" the destruction of the money the FED took from them. Hence why all the angst about the haves and have nots today and the growing wealth gap, despite people not knowing how or why it happened.

But make no mistake, this money wasn't "printed". It wasn't a treasury issued security that the FED bought. It was the taxpayers existing cash and savings. The FED "borrowed" from the middle class to kick the can down the road. The money supply expanded, but only to the benefit of the banks and wealthy. To the middle class, their access to money shrank and their wealth decreased and continued to decrease at 2% per year until 2020. And it is decreasing harder today with higher inflation.

---

"The money supply expanded"
This is the crux of the problem. We are not experiencing inflation, we are experiencing the devaluation of the dollar.

---

The dollar has gone up in the same period inflation has.

---

Gone up in relation to what, seems the dollar buys significantly less in the supermarket, housing market, insurance, energy markets, etcetera, etcetera, etcetera.
edit spelling

---

Correct. We've had both a relatively strong dollar, thanks to all other currencies being weaker, AND inflation. Your comment that "we don't have inflation, we have a falling dollar" was not accurate. At least not yet in the grand scheme of things. I do think inflation will rise and the dollar will fall at some point. But I don't think we're there yet.

Heineken-Ashi said:

---

richardag said:

---

Heineken-Ashi said:

---

richardag said:

---

Heineken-Ashi said:

---

fixer said:

---

Heineken-Ashi said:

---

And he's flat out wrong.

We haven't had substantial printed money in a long time. The Money Printing Myth & The Raid On Our Bank Accounts by Daniel Amerman

Quote:

---

The objective facts are that the Fed bought $3.7 trillion in new assets by taking out $3.7 trillion in new debts. The Fed borrows the money to spend the money. Any beliefs that state otherwise, are opinions that are not based on the facts.

---

---

This doesn't happen without expansion of money supply.

The Fed loaned the treasury $3.7 T because the Treasury asked for it to pay for spending.

The treasury is short on funds from taxes. This is why it is borrowing. Thus the deficit. And for all this to work an expansion of money supply must occur. Thus it is technically printing money. But instead of actual paper money being created, it is a ledger that the Fed has showing a debit and a credit.

Of course there isn't a paper currency printing operation going on. But it is still very much a function and process that yields the same result--devaluation of currency due to debts and how we pay for them.

This whole system works because 1) the power of the state to tax 2) faith in the currency.

It isn't the case that MMT is expected to take shape as a driving force in our financial system--it already is the driving force and has been since the USD was de-pegged from Gold about 50 years ago.

---

I hear you, but you are still not understanding that the money wasn't created out of thin air in the traditional "printing money" case. It was taken from bank accounts, and then loaned back out to banks.

In the traditional case, the FED declares $100 of new money buying treasuries. The new "assets" show up on their balance sheet in the amount of $100. The Fed then loans $900 to banks. Banks get $900 and loan out $8,100, effectively $10k of new money.

In 2008, the FED took $100 in deposits from the bank. This wasn't new money. It was the people's already existing money. It then loaned out $900 back to the banks who loaned out $8,100. Who was borrowing between 2008 and 2011? Was it the middle class guy whose deposit was taken without him knowing? No. His savings account was lower and his retirement portfolios had tanked. It took him 5+ years on an inflation adjusted basis to get back to where he was in 2007. The people who accepted the bank loans were the wealthy, who leveraged it to increase their wealth and "beat out" the destruction of the money the FED took from them. Hence why all the angst about the haves and have nots today and the growing wealth gap, despite people not knowing how or why it happened.

But make no mistake, this money wasn't "printed". It wasn't a treasury issued security that the FED bought. It was the taxpayers existing cash and savings. The FED "borrowed" from the middle class to kick the can down the road. The money supply expanded, but only to the benefit of the banks and wealthy. To the middle class, their access to money shrank and their wealth decreased and continued to decrease at 2% per year until 2020. And it is decreasing harder today with higher inflation.

---

"The money supply expanded"
This is the crux of the problem. We are not experiencing inflation, we are experiencing the devaluation of the dollar.

---

The dollar has gone up in the same period inflation has.

---

Gone up in relation to what, seems the dollar buys significantly less in the supermarket, housing market, insurance, energy markets, etcetera, etcetera, etcetera.
edit spelling

---

Correct. We've had both a relatively strong dollar, thanks to all other currencies being weaker, AND inflation. Your comment that "we don't have inflation, we have a falling dollar" was not accurate. At least not yet in the grand scheme of things. I do think inflation will rise and the dollar will fall at some point. But I don't think we're there yet.

---

I understand your point regarding the value of the dollar internationally. The point is anyone living in the U.S. the dollar buys less in the daily lives of families. In some cases a lot less.
If the dollar buys less especially food, energy, rent, transportation etc. that is a devalued dollar by definition.

I went to go double check his educational background because the music thing sounded fake. But it is real….

I know it seems that way, but interest rates going up works as a deleveraging. And the value of a dollar rises in a deleveraging. The point is, inflation has been so destructive that it's actually causing prices to rise despite a stable and rising dollar. That's why nobody believes the government reported inflation rates.