Quote -
The dollar’s decline over the past 30 years has been far greater than most Americans realize. It has lost almost half its value against other major currencies since 1985 and is down 33% in the past 11 years alone. Indeed, the value of the U.S. dollar is lower today than it was in 2009 when the recession ended. In part, this fall occurred because of government policies in Europe and Japan that kept the euro and the yen overvalued.
I think people like the dollar - because the US print so many
Check to see if the note is actually still wet when you collect it from the Bank
😆
Being American - you would know how stats and figures can be misleading. If you count my holidays and the fact that weekends when not trading i might only do a few posts on a Saturday and Sunday - then my Monday to Friday count when I am here is maybe over 70 -80 posts + per day - with the majority of the comments all related to FX intraday trading etc
Not wanting to go off topic - but just heard that since 911 in the US - only 100 people have been killed by terrorists - BUT over 425000 + people killed by gun shootings. The Gun lobby and many Capitalists who put money before people, will slowly destroy the States - shame - then the dollar will continue to falter and lose out. You also need a NHS or equivalent to sort out all these mentally ill people who cannot afford their meds - they can get a gun easy enough - but not what they really need.
It might manage 1.13 in month 1 from here as it continues to oscillate while consolidating: I don't see any momentum to breach the June Highs.
After that, price should remain below the current level in months 2 and 3.
My guestimate for price this time on 24 October is 1.0622. Highest High in the 3 months 1.31, lowest Low 1.0600.
Not hardly! You spent a lot of time in the capitalism forum. You reply to great majority of my posts.
Really? Where did you hear that only 100 people died? That figure about gun shootings is wrong; however, the number is still quite high. There were 14,196 murders last years. I am not surprised you think figures can be misleading, when you are the one doing the misleading. 425,000? over what time period? Since you do not have a formal education and live in Birmingham, I forgive you.
These are not American figures. The data was compiled from a Swiss bank.
If the sentiment is that gold is going to decrease in value, why would you invest in it? Gold backed money is meaningless. Every country in the world has inflation. Gold is an inelastic good. The amount of pounds and dollars in circulation is ever increasing, which means gold reserves cannot keep up. Your idea of gold backed currency is so antiquated. It is capitalism time, baby!
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US Dollar.
Enough said I think.
Investing in currencies based on immigration policies ! 😆
Maybe should invest based on pollution levels ! Because pollution depletes gov resources and thus the currency suffers .
Your country will not have to worry about immigration.
We have millions of them here ...!