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Thursday, March 3, 2011
Is King Dollar Dead? Nice graphic showing the decline of the dollar as the currency of record for international transactions.
Just imagine what happens next month when the ECB hikes its interest rates to combat some of its inflation. We are lagging further and further behind these foreign banks, and at some point our dollar will become worthless. Furthering our problem is the fact that despite inflation taking hold in our own country, our Federal Reserve wont raise our interest rates to lower commodity prices. When will it end??
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Just imagine what happens next month when the ECB hikes its interest rates to combat some of its inflation. We are lagging further and further behind these foreign banks, and at some point our dollar will become worthless. Furthering our problem is the fact that despite inflation taking hold in our own country, our Federal Reserve wont raise our interest rates to lower commodity prices. When will it end??
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