Decline of the Dollar

[ucbruin]

What is remarkable to me is people don't understand that the dollar is worth $.14 compared to it's full value in 1972, a direct result of the Keynesian fiction that government debt doesn't matter.

It's not as though only your dollar is worth $0.14....
Everyone's dollar is....
So what's your point....

 

[Charles West]

It's not as though only your dollar is worth $0.14....
Everyone's dollar is....
So what's your point....

My point is we have driven the dollar into the ground. Maybe you think it's a good thing that everything is beyond reach of the average joe?

 

[ucbruin]

Very. Thanks Biden.

14 year retired....
I gotta think more like....
Thanks mom & dad....

 

[Fernando]

14 year retired....
I gotta think more like....
Thanks mom & dad....

Old grumpy guy still living in the 1950s.

 

[Charles West]

14 year retired....
I gotta think more like....
Thanks mom & dad....

Yes, moreso my distant Auntie in Illinois who came through out of blue big time.

 

[Terrel L. Shields]

My point is we have driven the dollar into the ground.

Meaning? Oil prices have headwinds due to the strong dollar.

 

[jturner01]

Clearly we see the Dollar gotten weaker against foreign currencies since Trump came into office.
With his support for cryptocurrencies, Trump has adversely affected the Dollar as the World currency.

Dude.... look at when Biden and the neo-cons thought it would be a good idea and seize the Russian assets and the cost of gold compared to the dollar. That was the inflection point there Genius.

 

[jturner01]

What is remarkable to me is people don't understand that the dollar is worth $.14 compared to it's full value in 1972, a direct result of the Keynesian fiction that government debt doesn't matter.

Pretty amazing... I watch people talk about the DXY like that is a real representation of the value and shake my head.