New York TimesDollar Falls Before Fed Considers Added Monetary StimulusBusinessweekThe dollar weakened against most its major counterparts amid better-than-forecast factory data from China and bets the U.S.
Joseph Mina's insight:
Unfortnately, the Dollar will continure to weaken because theyalready said that we will see more and more Quantatative Easing. Nothing backing the Dollar since President Nixon severed the final ties to Gold in 1971.The more they print, the more the Value goes DOWN. ..causing Inflation, resulting in higher prices at the grocery store, the gas stations etc., etc., the list goes on and on. Our economic situation did not happen overnight, but we are in the last five minutes. I don't know about you, but I am and you might want to consider hedging against inflation with hard physical assets, such as Gold and Silver. This is not just in the USA.. We are in a Global Economic Crisis...
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