Saturday, August 23, 2025

An unwelcome inflation surcharge…

A few days ago as I was looking at my French retirement check, I was impressed that it’s going up every month in 2025 in spite of its rather very small amount in Euros, but I’m now getting 13% more over the time Trump has been in office! 

What does that mean? It simply signifies that the United States Dollar has gone down in value and with it the wealth of our Nation since Donald Trump has begun to uncontrollably play with tariffs. 

Since subtle but significant weakening of the dollar is likely to add soon to the inflation caused by tariffs like the 15% levied against imported goods from the European Community and also any other country’s currency that has similarly risen against the greenback. 

What we have not heard yet from so-called economists, is that these foreign exchange fluctuations won’t be felt right away as most importers are hedging against such currency fluctuations for a few month, but soon enough it will add to a wave of inflation created by these foolish custom duties!

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