Thursday, October 29, 2009

euro up 18%

The dollar decline is serious. The dollar is down 18% against the euro and with gold even more. Last year gold was $750/oz and now it is over $1000/oz. Folks this is like getting a 20% pay cut on top of higher taxes from uncle sam. Most of us had our hours cut, and cuts in our benefits and wages.

With the dollar worth less (worthless soon); I expect inflation to rise. Sadly, our gov is running that printing press. That means we have more and more worthless green pieces of paper. Did I say green? Well, the new orangeback ten looks fake - like monopoly money.

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