U.S. Dollar Down 12.5 Percent and S&P 500 Up 50 Percent since March
Americans have missed one serious correction since the manic stock market took off in March. Since that time the value of the U.S. Dollar, the bedrock of our economic system has fallen a stunning 12.5 percent. Ref. Source 9
It doesn't matter how low the U.S Dollar may go, Euro can never overtake it. The Dollar has ruled the world economy in past centuries and will always be ruling it. It is true that nowadays there are various ups and downs in the U.S economy but there has been a very slight variation in the exchange rate of the U.S dollar.
International Level: Politics 101 / Political Participation: 0 0%
Top Chinese official signals move away from dollar:
The Chinese are becoming increasingly wary of the growing supply of U.S. Dollars, leading the head of the nation's green energy initiatives to signal a move away from dollar reserves and toward, gold, euros and yen, according to a published report. Ref. Source 5
Demise of the Dollar?
The Independent (UK) is reporting that Arab states are in talks to work towards the end of using US currency for oil trading. Especially troubling when this movement is coupled with the Obama global apology tour and the UN's call for a new global reserve currency. The rest of the globe is making a power play, and they are trying to knock us down a peg or two...or ten. Glenn talks about what this attack on the dollar means for you. Ref. Source 7
The Dollar Will Not Crash
By Mike Whitney
What difference does it make if China and Russia are unhappy? Who gives a hoot? Toppling the dollar is going to take a concerted effort by people who truly despise the system, not the blather of malcontents who are simply envious of US power. Ref. Source 8
World stocks, dollar fall on Bernanke economy view:
World stock markets slid Thursday and the dollar fell, undermined by worries about the global recovery after Federal Reserve Chairman Ben Bernanke warned the U.S. Economy faces uncertain prospects. Ref. Source 3