– How can inflation be hitting this hard in the US, when the dollar is getting stronger around the world when compared to other currencies like the Euro?

Question

– How can inflation be hitting this hard in the US, when the dollar is getting stronger around the world when compared to other currencies like the Euro?

In: 16

Answer 1

Because American greed is more powerful than currency fluctuations. They use higher world prices caused by war to justify gouging. Our oil that we produce is still as abundant as ever, but exporting It is more profitable, and then they claim shortages to jack up prices and profits at home.