Posted BY: Charles Landon

It’s no secret that the lockdown-induced inflation of the last three years has pushed millions of struggling middle-class Americans to the wall.  Mainstream economists, in their attempt at whitewashing this fact, insist that inflation is abating and that the U.S. economy will soon return to a relatively “normal” state by the end of the year (the estimate given by most).

This prediction is based in part on the recent strength of the U.S. dollar index, which many (erroneously) use to measure the greenback’s purchasing power in the everyday economy.  But what the “experts” aren’t telling you is that the dollar index’s strength won’t benefit the middle class as long as there are two separate dollars at play.

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Before we look into the problem, a little background will be helpful. The U.S. dollar index — which is often listed under the ticker symbol USDX — measures the value of the dollar relative to a basket of six major world currencies, including the euro and the yen. It’s weighted based on exchange rates, with most of the weighting (nearly 60%) in favor of the euro.

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