Luke Gromen
@LukeGromen
Founder & President, Forest for the Trees (FFTT). Author of "The Mr. X Interviews, Volumes I & II.β I never solicit via DM's. RT not endorsements.
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This ceases to be an intellectual exercise once you realize: a) US min. wage was 5 silver quarters ($1.25) in 1963 b) Those 5 silver qtrs are worth $25 now c) US CPI calculation...
"...what matters is not the currency in which Brazilian trade is denominated...What matters are the assets in which exporters want to accumulate the proceeds of their exports." -Mi...
1/ Another big signpost this morning that the post-71 structure of USD reserve status reserve status is changing rapidly. The model of "the world exports us stuff and we export th...