New topic to cover what's going on in the currency markets.

Rising Inflation has been a problem here in the FSoA, but compared to what's ongoing in the 3rd world right now, the Dollar is still comparatively a rock of stability.  That could change at any time of course, since these valuations are all mainly based on confidence and little else.  Any big enough disruption to a systemically important bank or country can set the whole house of cards tumbling at any time.

Several Central and South American countries have had to "dollarize" their economies as confidence in their own local currencies have plummeted.  This because their ability to borrow money and sell bonds denominated in their own currency has dropped to Junk status.  The problem with dollarizing is having enough of them around to do any transactions at all inside the country.

Back when I lived in Rio, this was occuring in Brazil as they defaulted on some loans they had been issued by my dad and other banksters, at which time Chase picked up ownership of a couple of Brazilian Banks and basically took over ownership of the country.  Locally, when I arrived the currency was the Cruuzeiro, a couple of zeros were knocked off and it was transformed into the Cruzado,  and then later again to the Real.

This action is now occuring in Zimbabwe as inflation has topped 50%, and they're making a last ditch attempt to keep from dollarizing.  Unless they can get a big bank like Chase to buy them out, this is unlikely to succeed.

The more of these economies that crash happen, the more unstable the whole edifice becomes.  So here in this thread, we can keep track of the global currency collapses.

https://apnews.com/article/zimbabwe-new-currency-inflation-us-dollar-06a656260462d9651112e394e125c5e6

Zimbabwe introduces new currency as depreciation and rising inflation stoke economic turmoil

RE