Trillions of dollars were printed to follow quantitative easing policies here yet as fed increases rates the dollar gets stronger. That is because the dollar attracts money from other countries when it can be used to charge more. Stronger dollar is needed to pay debt. Debts are owed to China and the EU. Gold can be dug up or brought in by asteroids but it won’t matter. It still goes up in faltering economies.
Aside from our inability to get a grip by reading the media to know that or anything else, and listening to the money managers and the guessing games there are looming facts being ignored.
UK, the most evil country in the world, after being an empire(1583 – 1997), say many countries still speak English including the U.S. (e.g. they controlled the U.S. from 1607 to 1783.), and they we speak American but we certainly don’t speak “American” it’s English! .. they still control the world financially by laundering money today, being the biggest money laundering country, HSBC plays an important role, everybody knows, but who’s telling?
No matter in the Caribbeans, Hong Kong, Singapore …, billions are being laundered daily, but the banks in the US have to report any transactions $10,000 or more to prevent money laundering — the authorities just want to control people a bit tighter — no drug dealers nor evil organizations launder $10,000, that’s a joke, if any of the above mentioned organizations have to launder $10,000, they’re not doing well, the money being laundered is usually in the millions if not more ……
I can’t forget that God used the words about earth saying ” the fullness thereof” .. There is no such thing as exhaustible resources.
Africa, the continent — has 40% of the world’s gold and up to 90% of its chromium and platinum. The largest reserves of cobalt, diamonds, platinum and uranium in the world are in Africa. It holds 65% of the world’s arable land and ten percent of the planet’s internal renewable fresh water source.
For development outcomes, compared to other regions of the world, Africa is the “last frontier”, that’s why China is investing heavily into the continent, we have to be both deaf or blind not to acknowledge the fact, the resources that can benefit the entire world.