Quote:
Originally Posted by spunkmaster
The current Dollar slide started in 1995 under Clinton and continues today.
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The dollar generally held good value in the 90's and did not "slide". The underlying economic problem started in the 70's and the trigger was pulled lately when the home mortgage problem was revealed together with war spending etc - along with a non-existant fiscal policy.
It would have happened either way. The general policy was to keep US folks spending and building up debt to sustain the economy this long while adopting an attitude of not shaking the deck of cards.
PS It's almost a sick joke now, but a quote from the current admin "Yes, I know it's a budget - it's got numbers on it". Enough said....