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Yogthos
@yogthos@social.marxist.network  ·  activity timestamp 4 days ago

While the dollar has its worst year since 1973, everything else is mooning. Bitcoin, gold, and stocks are all hitting record highs simultaneously because the Fed is cutting rates into 4% inflation. It seems "safe havens" are now just part of the everything bubble, a glorious wealth transfer for the asset-owning class as the dollar's purchasing power evaporates.

https://www.mitrade.com/insights/news/live-news/article-3-1172618-20251006

#usa #economy #uspol

The dollar is down over 10% in 2025, heading for its worst year since 1973

The dollar is heading for its worst year since 1973, falling more than 10% year-to-date while nearly every other major asset class explodes upward. Just last night, Bitcoin hit a new all-time high of $125,000, pushing its total market value to $2.5 trillion, as Cryptopolitan reported. Gold is now close to $4,000 an ounce after […]
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