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Dollar at record low

Discussion in 'Survival/Preparedness Forum' started by 88MPH, Jul 29, 2011.


  1. 88MPH

    88MPH
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    RON PAUL 2012

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  2. wjv

    wjv
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    >> The dollar on Friday hit a record low against the Swiss franc

    But the dollar index (DXY:IND) has been lower than it is today (2008 for example) It's at 73.9 today, but has been as low as 70.698 in 2008.
     

  3. racerford

    racerford
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    It all depends on the reference. I can remember when it was $2.48 to the British Pound. We are significantly better than that.
     
  4. cowboy1964

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    What boggles my mind is how the Yen has stayed so strong all these years. Their debt to GDP is over 200% and has been for years! That makes Greece look like a safe haven.

    And if I hear one more talking head equate next Tuesday with "default" I'm going to lose it.
     
    #4 cowboy1964, Jul 29, 2011
    Last edited: Jul 29, 2011
  5. TangoFoxtrot

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    Not only is the US dollar low, but so is the american publics patience!
     
  6. rj1939

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    It (the dollar) is only reaching its intrinsic value.
     
  7. pugman

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    No worries...it will hit a new low soon enough
     
  8. DoctaGlockta

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    Buy low, sell high.
     
  9. inzone

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    just wait until all the chickens come home to roost.....the chickens of quantitative easing (creating billions of dollars out of thin air)and unfunded entitlements and contingent liabilities combined with all the petro-dollars sitting out there and the treasury debt in the sovereign funds....and then add in the catastrophic effect of soaring interest rates on servicing all that debt.....

    seriously...it is the beginning of the end..imho.....maybe after the crash we can rebuild.....after all...eventually (emphasis on eventually) Germany did rebuild after the Weimar republic collapsed and Hitler destroyed Germany..... and hey...look on the brigh side, Germany is now reunited as a single country again!......so , no worries, it always eventually works out!........ :brickwall:
     
  10. racerford

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    Germany did not rebuild on its own. Has no one heard of the Marshall Plan?
     
  11. TangoFoxtrot

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    Well no one us going to come and help us rebuild.
     
  12. racerford

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    True. I don't think anybody is really in a position to help us.

    The thing that is most likely to help us is devaluation of the dollar. It would boost production and reduce imports. It may even stem the tide of offshoring technology jobs and even reverse it. Without the artificially under-valued Yuan, China would not have the growth it is having. We and other countries are helping them build their production infrastructure that they will need to support their own economy once the bulk their own people can afford to consume and live on more than a subsistance level.
     
    #12 racerford, Aug 1, 2011
    Last edited: Aug 1, 2011
  13. Lone Kimono

    Lone Kimono
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    If our credit rating lowers how will that effect our buying power here in the US? Will inflation go through the roof? Is it time to make those purchases I've been holding off on?
     
  14. G29Reload

    G29Reload
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