Goto to the site www.xe.com and look at how our US currency is losing value every day. Most people don't realize is there is serious inflation coming soon and if people are unprepared it's going to hit like a financial tsunami. The fact this is not covered in main stream media should be a cause for concern.
Currency? Why worry about currency? Skynet's been aware now for a couple of days! Unless you have 2 million SPF, you're gonna have a really bad day.
See historical chart for dollar index: Here Dollar has been losing value for a while. Why are you posting this now?
Correct, a falling dollar means we export more as it more profitable to sell out of United States (which is good as we import too much atm) and imports cost more. This helps create more jobs as we need to "build" more to export and cover for the net loss of imports. But the downside is that a falling dollar indicates inflation which means higher prices domestically. I have no idea if upside outweighs the downside or vice versa.
word! While I do agree it is not as strong as it use to be, there are many factors as to why this is the case and even many more why this will not be corrected anytime soon given our govt.'s current political leadership...but I digres... The bigger issue is skynet!
The biggest downside would be increased costs of oil imports, but that would encourage adoption of electric cars etc.
What foreign products does one currently purchase on a regular basis that have a domestically made alternative? or What day to day products does one purchase that are domestically made? Food......? Also With the increasing price of fuel the price of everything will go up, and contribute to inflation. (separate from our monetary / political policies)
Correct, anything could / used to be, made here. Most consumer goods currently purchased do not have a domestically made alternative that can easily be found; it becomes even more difficult to find locally made items.
For all the talk about inflation and printing debt, the dollar is worth more today than it was a couple of years ago before all the craziness started. This problem is overrated. The US has a massive trade imbalance - the US dollar SHOULD be losing value. It's the natural corrective mechanism for that problem.
I'll bet dollars to donuts that the same mob worried about this will also complain about China manipulating its currency.
currency is debt and the valued depends upon risk assessment by investors and volume (money supply) as long as someone is willing to buy treasuries at low interest and the world economy is closely pegged to the dollar we should be fine, at least for the next 12-18 months just expect unemployment to stay high, price of food to rise and the American middle class to continue to shrink biggest problem right now is the NFL lock out - people are going to rage if the economy takes another hit and the NFL doesn't get things worked out
