To: Minsc
It may seem stronger relative to other currencies
But its absolute value, what goods it will actually buy in the marketplace, is less and less every day.
7 posted on
11/14/2014 7:22:54 AM PST by
Iron Munro
(DHS has the same headcount as the US Marine Corps with twice the budget)
To: Iron Munro
Good post. The currency markets do not in fact tell us the value of the US dollar against any standard. Thank Nixon for that. How many loaves of bread did the dollar buy 100 years ago compared to now? The US Dollar market only tells us that our POS fiat currency is faring better than Europe or Japan's POS fiat currency - considering Europe is a collection of has beens and Japan is the first in line for demographic collapse, that is no surprise.
45 posted on
11/14/2014 9:29:13 AM PST by
Sam Gamgee
(May God have mercy upon my enemies, because I won't. - Patton)
To: Iron Munro
All the other currencies have later stage ebola, the US dollar has AIDS, it can live for a while being propped up by the Feds, but eventually...
49 posted on
11/14/2014 10:47:39 AM PST by
sarge83
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