The dollar’s slide: 1/3 down and falling faster
The ailing US currency drops through $1.47 against the euro and $2.10 against sterling, it merits a second (and updated) airing.
The chart comes from Sempra Metals, who make a couple of additional points:
- The US dollar has now lost more than a third of its value (-35%) against a basket of major currencies since Feb 2002.
- The decline is accelerating. The USD has shed -12.5% of its value in the last year, -3.5% in the last month, and -1.5% in the last week alone.
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OH yeah, our fearless leader gwb.
Stock up NOW kids this don't look good.!!!
Hey I've got five sheets of toilet paper I'll trade you for fifty singles!!!
Guess the terrorist won eh gwb.
Word of advice Spices are a good bet ! Just look it up through out history.
terrorist