Won't happen because USD buying power has gone down considerably since 2017 due ... | Hacker News

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		eric_cc on May 12, 2022 \| parent \| context \| favorite \| on: Tether starting to lose its peg too, after Terra d... Won't happen because USD buying power has gone down considerably since 2017 due to The Fed printing money out of thin air like there is no tomorrow.

iso1210 on May 13, 2022 | [–]

In 2017 $100 would buy you about €90, ¥11000, CHF99, £80 (plus/minus about 5% during the year).

Today it will buy you €96, ¥13000, CHF100, £82

Not a great deal of movement

archontes on May 12, 2022 | [–]

Easy for a weak currency to buy a worthless one.

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