I have always wonder why its so much stronger ? when you go to Japan, everything is cheaper in a sense and the U.S dollar means more in Japan. Why is that ?
In: Economics
Because since 1972 the US Dollar was “staked” to energy which means no matter how many dollars you have you can, in theory, go to Saudi Arabia and buy oil by the barrel with it no questions asked.
This is in contast to the US Dollar being tied to Gold, after the US government spent the 1950s and 60s printing dollars to lend to Europe, and then to fight a war in Korea, and then Vietnam, while also printing money for the space race which was part of a larger spending context, the cold war and all of it’s technology races…. And when the US *didn’t* have all the gold in Fort Knox that it said it had to back up all the dollars, the dollar itself went into a spiral. The Petrodollar was conceived to remedy this problem *quietly* on the world stage, while very very publicly easing political tensions on the brink of war in the middle east.
I’ve wondered if Japan has been a test bed for wild CIA experimental economic theories the way that Latin America have been though.
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