Reuters: Dollar Decline in Full Swing...

[wgadget]

You mean RON PAUL may be RIGHT? :eek:

http://www.cnbc.com/id/45070916

[sailingaway]

Who?

[wgadget]

Ironically, the better the world economy gets, the worse off the dollar is.

[low preference guy]

Ironically, the better the world economy gets, the worse off the dollar is.

If the "recovery" is driven by printed money, there is no other way.

[Lafayette]

From the article-


"Add in to the mix: a suddenly revitalized U.S. economy that a few weeks ago was teetering on the verge of recession and had fueled speculation about another round of quantitative easing. Almost overnight it leaves a whole new global outlook that appears a little more encouraging."

HAHA WHAT!?!

What has changed?


"The European agreement, which involves a 50 percent write-down of Greek debt and boosting the euro zone's bailout fund to as much as 1 trillion euros, has averted a collapse in Europe and spurred a rush to risky currencies and assets once again at the expense of the dollar."

"The deal has stopped the rot and plugged the leak. The ship needs to sail in the right direction and this deal has helped it do so," said Steven Bell, portfolio manager and director of global macro hedge fund GLC Ltd in London. GLC as assets under management of about $1 billion.

"There is a deployment of capital from the United States to the rest of the world. As the risk of collapse to economic growth diminishes, investors are slowly but surely putting capital back to work," said De Longis.



Massive money printing to throw down bottomless pits of debt, in other words...nothing.