Proverbs 20:10 Unequal weights and unequal measures are both alike an abomination to the LORD.
Micah 6:10-11 Can I forget any longer the treasures of wickedness in the house of the wicked, and the scant measure that is accursed? Shall I acquit the man with wicked scales and with a bag of deceitful weights?
All currencies are not created equal. Values of currencies change. God is not a fan of currency manipulation. Global markets and governments manipulate currencies on a daily basis. Imagine that, humanity outside of God’s economic laws…
The end result of currency changes can be dramatic. Michael explains the consequences of a rising dollar and what it means to global economics.
Michael has been talking with Technical Analyst Walter Zimmerman. He has target prices of the DXY (US Dollar) at 103.00. In an extreme case, Zimmerman has a target of 120.00 for the DXY. The end result would be cheaper prices and deflation in the United States. The rest of the world would pay higher prices and experience inflation. The US dollar is currently the global reserve currency.
Oil prices could drop as low as $15 per barrel in extreme cases. Michael Douville comments if we hit 120.00 on the DXY, oil could be roughly $5 per barrel. Recently, the DXY touched 102.82 and closed today at 102.10.
Global debt is financed in dollars. At some point, the bill comes due for borrowing money…
These are interesting times and it pays to be informed and prepared. Have a plan. Talk with your financial adviser.
For Michael’s timely comments, see the link below.
https://michaeldouville.com/
It would appear the current trend of a strong dollar continues as the world struggles with COVID-19 coronavirus…
Michael Douville is a Syndicated Columnist.
Library of videos and articles: www.michaeldouville.com
