Is raising interest rates good for the local currency? Why is it that countries like Turkey, Russia, and Venezuela raised rates but their currencies still fell? The reason is passive rate hikes—high inflation has already occurred, and raising rates is just to maintain the exchange rate. Similarly, when CME raises margin requirements, it’s usually to suppress leverage, but if they overdo it, it just exposes their lack of confidence. Relying on retail investors is useless; retail investors are just the ones being slaughtered. This is a great opportunity for the East to crush the credibility of the U.S. dollar. Their economic strength is collapsing, and aircraft carriers and nukes are just for show. Of course, the best strategy is to treat the U.S. like Emperor Xian of Han for a while longer, maintaining the post-WWII world order.