The current situation of the US dollar resembles the setting of the Plaza Accord of 1985, when the world agreed to manipulate the dollar until it fell to stop it from harming the global economy.
Some are contemplating a rare, if not unimaginable, move in response to the dollar's rapid rise: major nations colluding to manipulate the US currency until it falls.
It's happened before, most notably with the Plaza Accord of 1985, which occurred amid high inflation, a vigorous Federal Reserv...