BLK wrote: ↑
The Americans talk a lot about USD strength. No idea where they see this strength.
i can explain, partially. USD is the strongest world currency. In local markets like EU, or Russia or China, ofcourse their local currency is strong and it is patriotic to try to promote your countrys currency.
The reason USD is so strong is because there is so much of it worldwide. Everyone has a dollar, every country, and it is an international currency. You might be better off with your Euro in the economically collapsing Europe, but nobody cares or knows about your Euro in many parts of the world.
The USD does have a lot of debt associated with it. Which is bad (although some argue its good), but because it is such a strong and STABLE currency, it is still reliable. Many economists have been long predicting for decades every year that the dollar will collapse due to its debt. But it hasnt. These forecasts started decades ago, yet the dollar stands as it always has.
The reason USD still stands I think has to do with 2 reasons, which help one another: 1) The majority of people dont think anything will happen to US. They were born and raised and never saw big fluctuations in the USD value. 2) Many people own a USD so its not in their interest for the USD to go down
The stories about USD being weak and collapsing is a common story I heard every day in Russia. It was just russians doing anything to feel better about themselves, many nationalities tell themsevles lies like this all the time. Same stories I hear today from my friends in Moscow who say "Aeroflot is the safest airline, I will fly with them" and these are grown ass adults believing this shit.