The Strong Dollar Dilemma

This chapter explores the implications of a strong US dollar, particularly its impact on dollar-denominated debt and rising input costs that contribute to food insecurity and political instability. It discusses the reactions of central banks to currency fluctuations and argues that their interventions often provide only short-term relief. Furthermore, the chapter critiques mainstream economic perspectives, emphasizing the complex interplay between global liquidity, corporate earnings, and the broader economic context.