"The consequences of a rapidly declining dollar are not yet obvious to the American public. A trip to Europe costs more than it did a few years ago, but most Americans still don’t sense they are becoming poorer as the dollar falls. The long-term significance has not yet begun to sink in." "...few Americans realize the extent to which their own government has sold out American sovereignty by borrowing money overseas." Written in 2004 / Still relevant in late 2007 Gold Exposes the Dollar by Rep. Ron Paul
Wait until the FED cuts interest and the dollar falls even more. If they cut rates again it will send the dollar lower and we will see even more selling.
Gold hit 28 year highs very recently. Yes, the dollar seems to be in a fast decline. How does it end?
Yep the fed is likely to cut rates another 0.25% today. I'm from the UK and earn most my income from the US and it does affect business quite a bit in that I am getting less money for the same amount of work that I am doing. But I can still survive this even if it went down quite a lot further. Although saying this, I hope it goes the other way.
falling dollar is a nightmare to exporters to US dollar is in long term downtred especially after subprime crisis(mess), also aiding the weakness is fed rate cuts china,hongkong,taiwan,india have seen tremendous portfolio inlfows after US fed started rate cutting spree...
I didn't check the news (busy today) I'll hear soon if you were right about another cut. Cutting interest rates during a mortgage crises is like trying to douse a fire with gasoline. This time it might not work. Don't be alarmed by the unusual graphic... ...if the economy was in danger of complete collapse, our leaders would warn us in advance.