Comments by "John Luetjen" (@jehl1963) on "" video.

  1. Excellent analysis. But also keep in mind that the US$ has depreciated quite a bit too.. In both cases it is because of rampant government deficit spending during and after COVID. So if you really want to understand the value of a currency, you need to compare it to a "basket of goods" . For example the price of gold, oil and some other commodities. You already compared it to the price of oil, but as you mention that also goes up and down quite a bit with supply and demand. Using the price of gold for example (in US$'s), this has gone up by almost 50% since 2019. This could just as accurately be summarized as the value of the US$ has gone down by 50% in that time. The Euro by a little more than that, the Pound Sterling went up by a little less.
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