This is a beauty contest between corpses (the world fiat currencies).
Who can debase (weaken) their currency the most (make the cheapest)...
to try and attract capital (to shore up their treasuries/govt bonds).
Prostituting themselves.. to attract dwindling 'customers' for exports.
It's a death spiral to the bottom.
When their currencies and economies finally (inevitably) collapse...
and they are 'giving' their 'paper' away for FREE.. (Zero interest rates)..
the 'customers' FLEE (with their capital) into ANYTHING that will not lose value... just to PRESERVE their capital.
We will watch that play out.
Grab your popcorn.
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