WaveneyEconomics

Is this inflation we are all experiencing going to go away soon? Maybe not so soon. This is according to Dr KeeWee TAN in this YWCA Charity Webinar. Like the inflation of the 1970s, this inflation is here to stay for a while. On top of that, it will undermine the dominance of the US dollar as a reserve currency. The Russian-Ukraine conflict is also chipping away at the dominance of the US dollar as a reserve currency. Sanctions imposed on Russia and Russia’s insistence of ruble-for-gas are complicating matters further. Eventually, drastic measures might be taken to support the dominance of the US dollar.

The US economy is facing the greatest threat to its Number One position. This is persistent inflation. Higher interest rates are usually dished out to counter any inflation. But this inflation is different. Whether the US Fed raises interest rates or not, the US economy is going to go down. It will speed up the transformation of the global economic order. Attend this meeting and hear what Dr Tan has to say about how this inflation will be different.