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RE: Bounty:Why a strong USD may crash the world economy

in #usd5 years ago (edited)

ok so, a strong dollar is basically US dollar is been trading so high or likely to be near the historical highs.

the major impact would be on multinational companies based in US coz now there products are gonna more expensive and they will experience a very low sales or negligible sales coz no one will pay more just for a brand tag if you can get the same thing in low cost.

second: I wee look globally, a majority of basic assets are rated in US dollar. At the prices of oil, gold, silver, and also with the digital assets will increase the demands will decrease and the accordingly the local prices will decrease in order to sell those goods to customers and i think a lot of people can't afford the basic aminites.

like if i earn 1000 INR a day means i can purchase two albums of DJ Khalid/lady gaga in a month. but if the US dollar increase then i can only purchase one albums.

well that's my point of view for US Dollar let me know yours in the comments.