for example, le the 2008 financial crisis was triggered by the crush of the Newyork stock exchange mean this is a stock exchange thousands of miles away from my home but still want to happen to reach my household.. before knowing what the 2008 financial crisis was I could only remember that time when my father lost his job, food prices trippltriplingo those that may be thinking about how could I have remembered this as during,g that time I was still a kid, the answer is something called sugar. our family couldn't afford sugar so we had to forego this child write commodity. so want I wanted to give you history dive of howintoconomic factors concerning USA the ould be taken seriouseriouslylp you prepare for the worst.
Back to the current concern coming out of the united states called inflation. currently, in the USA I, inflation is at a record high of 6.2% which in your mind is scary but remembering that the USA mathe contains an inflation rate of 2.0% year on year this has to be scary but let me get into it more to broaden the picture.
currently, food and commodity prices in the USA are at a record high some trippltriplingfact. this is affecting the American people as they have to spend more on things they really need than they had planned for hence taking a dive into a person, the thing is a huge problem for the American people but is writing this article for non-USnon-USAens and this is the reasons why.
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first for those who have been reading my articles you should know that when inflation of a country in this case America rises, so does the countries currency for reason I won't gwon'tto but are in my forex trading articles. so the American dollar is gaining value at an unprecedented speed which is holly holy for investors but to the normal non-USnon-USA, this isn't good. this means that your countries currency is going to grow weaker as all currencies are inversinverselyleted to the USD dollar.
when your current losses value means that you won't meet the same consumer demand you had when your money was valuable and to make matters worse this good would have gained higher prices because of this reason. you have to know that when you report anything to your country you have to first convert your currency into us dollars 80% time in the world. but when the dollar has grown in power and your currency is weak this would make you use a lot of your currency to buy little in us dollars. so at this time every order being made on the international trade market is costing people more because of USA inflation. and when these goods get to the destination the cost would be transferred to the consumer hence prices would grow.
but you would say that our country doesn't import things, but they inportimportand oil\gas is priced in dollars on the international market. this oild will be priced highly affecting the total production costs of your home companies which cost will be also trasfftransferrede consumer.
I have a fundraiser for my trip to the USA but only your donations can make it happen and this is the link
