All those years that Bank of Canada had high rateshas not stalled the eventuality of the Kanadian dollar going to zero one bit.. Just a few years ago now, the Kanadian govt took the 1 cent coins out of circulation, because the Kanadian dollar had lost so much value by 2015 , the pennies had become WORTHLESS.. Didn't the Bank of Kanada have many years pre -2008 where the interest rates were pretty high? Didn't do a darn thing to protect the Loonie's value....
Same thing is happening with the US dollar...No amount of interest hikes are going to make a difference in terms of the overall trend and that is, the US dollar is losing value at an accelerating pace....It's all about the amount of money creation that has gone on for the last 50 years...Powell cannot change history and cannot reverse all that money printing that has gone on for decades....The cake has been baked...
Now, the crooks are trying to save their #1 asset, which is their privately owned Federal reserve notes (US dollars).. Now they are going to try to crash everything so that they can buy up everything for pennies on the dollar with their propped up toilet paper dollar..