RELATIVE INFLATION SO FAR
Well, out of curiosity, I decided to, based on a becnhmark at 1/4/2007, I decided to take a few benchmarks. thought YOU might be curious ALSO!
1. EURO! I was SHOCKED! A euro costs one PENNY LESS TODAY!
2. GERMAN MARK! UP about a penny.
3. GOLD! Up 104%! Yeah, I thought it would be higher!
4. Chinese YUAN! UP 23%!
The week before last, some plans were revealed that could REALLY hurt the US dollar. They are expected to be put into effect by the end of the year. Last week, it was revealed that China asked for, and will get, help from the UK to raise the value of its currency. There are about 5 ways this will hurt the US dollar. It means the pound will be weaker, and the US will have to take action that will weaken the dollar more, while the yuan will get stronger, more support, and will be farther along at becoming another viable currency for things like OIL.
Steve
1. EURO! I was SHOCKED! A euro costs one PENNY LESS TODAY!
2. GERMAN MARK! UP about a penny.
3. GOLD! Up 104%! Yeah, I thought it would be higher!
4. Chinese YUAN! UP 23%!
The week before last, some plans were revealed that could REALLY hurt the US dollar. They are expected to be put into effect by the end of the year. Last week, it was revealed that China asked for, and will get, help from the UK to raise the value of its currency. There are about 5 ways this will hurt the US dollar. It means the pound will be weaker, and the US will have to take action that will weaken the dollar more, while the yuan will get stronger, more support, and will be farther along at becoming another viable currency for things like OIL.
Steve