The Race to Debase
Is your retirement some kind of plaything?
Central banks keep printing up money and handing it out to the big banks like it is Monopoly money. They imagine that money is the same as wealth, but there is a big difference, as anyone who has become a multibillionaire in a hyperinflationary environment can tell you.
If one currency falls in value relative to others, it gives the exporters and manufacturers of the lower currency an advantage. And then seeing this advantage, the other central banks quickly print up more of their own currencies to beef up their own manufacturers. Some refer to this as the race to debase and the big loser in this game is YOU.