Quote:
Originally posted by CET
Then, if you compare the dollar to the average currency of every industrialized nation, during a time when the USD is taking on little to no inflation and recovering from a recession, there's a period of devaluation. That's an average of industrial nation's currency values, which is a far cry from:
Especially since there are lots of freely traded currencies that are not industrialized nations.
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you can't read, and you misquoted me, you missed out the bit where I said third world hell hole. Sure if you compare the USD to non-industrialised countries it hasn't devalued. Seriously is that the best you can come up with?
Why do you think Gold is at $430 and part of the reason oil is so high? It's because the dollar has lost value.
It's not fucking rocket science, the Government has MASSIVE budget deficit and there's a massive trade deficit, how are they financed? By selling dollars and printing dollars
With that kind of selling pressure and increase in dollar supply of course the value is going down. Coincided with low interest rates (which essentially means buying and holding USD will give you a negative real return)
All the macroeconomic indicators are pushing the USD down.
Are you going to provide anything to support your position that the USD has not devalued?