How have the Yen and Euro been doing against hard assets such as copper, natural gas, or steel?
The dollar vs. the Euro is just a Special Olympics race of competitively debased currencies.
The United States of America E Pluribus Unum Still Not As Socialist as France!
Just because hard assets have had a few great years, does not mean squat.
The dollar vs. the Euro is just a Special Olympics race of competitively debased currencies.
Those Special Olympic competitors beat the hell out of your world class gold for 20 years. Currencies are what they are, pieces of papers representing debt used to buy products which have an inherently depreciating value as you print more. It is better than having to back them with gold, since there is not enough gold to back all the currencies. Our economy would be prisioners to Russia and South Africa for their gold everytime we wanted to increase our money supply.