New record low for the dollar

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  • Dcat
    Confirmed User
    • Aug 2003
    • 1607
    #51
    Originally posted by Agent 488
    i am in canada and once the dollar started to drop most american companies around here that had outsourced labor here pulled out and relocated in places in the south mostly.

    canada maintained a weak dollar policy to bring jobs here for years and now it looks like the US is doing the same.
    I am in Canada too, and I know what you are saying, but as I said, it's not the same game for the Americans. The US operates the global reserve currency. When you run the global reserve currency, you can't just decide to have a "weak dollar policy." You'll just end up destroying confidence, and ultimately end up no longer running the global reserve currency.

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      • Dcat
        Confirmed User
        • Aug 2003
        • 1607
        #52
        Originally posted by The Demon
        I wouldn't say the only reason commodity prices are higher is because of the QE. I think people genuinely believe our economy is fucked (and they're right), and they want to protect their purchasing power through precious metals.
        Yes, the smart money is already positioned in, or is now in flight to precious metals and commodities for just that reason.

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