How is the dollar worth less than the pound and euro?

How is the dollar worth less than the pound and euro?

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Because that's not how exchange rates work

How do they work?

all money is backed by fiat and has no real value anymore
gold is ded

purchase power user

This. It's all meaningless. The only purpose it serves is to keep the rich rich.

because they got enriched by our fellow arabs

now if u.s. would just let us honest meximens enrich your nation the u.s. would be a super power by 2020

Idk but not like that

Well, the US is over 20 trillion in debt. Your federal government has the right to print money, which doesn't create wealth, it simply dilutes the money of everyone with dollars. Essentially, the feds can rob all US citizens at any time and its legal. This has the drawback of making every dollar worth less everytime. So your purchasing power decreases and your currency devalues in the face of foreign currency.

>tl;dr your country is poor due to mismanagement of federal funds

Because it isn't backed up by something of equal value. Exactly the way (them) want it to be. For some reason everyone who tried to have it backed up either got silenced or killed by the government probably

This exacty.

There is more.

american dollars are backed by the fact that most oil is sold exclusively for american dollars

Has to do with the amount of a currency in existence, credit and interest rates.

? The currency is backed by taxpayers.

>Your federal government has the right to print money, which doesn't create wealth, it simply dilutes the money of everyone with dollars.
Wrong. The Federal Reserve, a private bank, controls this right to print currency. The Federal Reserve loans money back to the Federal Government at interest. Awfully perverse when the Federal Government is the ultimate defender of said currency. The government doesn't even get a discount. That is the hidden tax called inflation.

Wait, are you telling me if Saudi Arabia falls and the US fails its invasion of Venezuela, US follows suit, and then Israel goes kaput as well?

Mismanagement is not why the value of 1 euro is more than 1 dollar. If it is because we are in debt, that wouldn't make sense either because the exchange rate was even greater when we were 10T in debt...

Super short answer to your query: It’s a supply and demand thing user. What’s the demand for the dollar vs the supply. There are simply more dollars than pounds or euros (supply is higher).

america will never stop sending us gibs

greatest ally knows how the world is run. oil runs the world.

It's the same basic principle. The Federal Reserve, the Rothschild Central Banks and the IMF are the three entities controlling global economy. Add multinational companies, economic interest deal-dependant governments and their armies' top brass, and you have 95% of the NWO Oligarchs right there. (((Them))).

greatest ally knows how the world is run. oil runs the world

Printing currency to pay off debts devalues your currency. The US is run like a corporation, not a country. Sovereign countries only allow citizens to vote. In the US, I can float on a wooden door to Cali and vote as many times as I have different hats.

But if they fall, won't the Muslim world devour you?
Is oil dealings in the ME the true reason why Israel and America fear Russia and see China as a threat?

Yes it's called the petroldollar you double posting double digit iq retard

Well, it won't matter if the gibs paper is useless.
Basically yes Portubro. Our entire system is being held up because the US govt is holding a gun to the worlds head forcing it to accept our currency for oil. If this ever falls (and it surely will) the ability of our currency to be reliable value (and to backstop the printing of trillions of) will end. And when this happens you will see American money like Weimar money (or Venezuela/Zimbabwe). You will see huge stacks of US dollars, more money than you ever saw in your life, carted off worthless. Not even worth the paper its printed on.

My advice is to buy some crypto if you can to prepare for this day. ETH, LINK, 0xBTC, maybe XMR and some others like RVN. Hold these things as an alternative because understand that if our fiat money implodes, no one else's fiat money will ever be capable of replacing it as humpty dumpty. Once our fiat egg cracks, it will be the beginning of the end for that type of debt-fiat everywhere.

>mmmm grayons