Sunday, January 9, 2011

The Fall of The Dollar

2007 $1 Washington coin reverse.Image via Wikipedia It has been much talk about the dollar bill is slowly dieing. Many economic advisors have talked about how the dollar is falling. Inflation is the real reason that the economy is falling. As prices increases the value of the dollar begins to fall. The dollar used to be backed by gold until 1933 and the gold reserve was stole from Fort Knox. In 1973 the president signed a bill removing the gold standard. Most countries around the globe has lost their global currency. Many third world countries due to inflation has lost their currency and now depend on the World Bank and the IMF. In the coming years nearing 2012 and beyond I global currency called the dollar is not going to be accepted by the world as the global currency because it has lost its value.


What Really Backs the US Dollar?

(1.000); US Dollar Forecast For 2009 (1.000); US Economy - History Proves the US Dollar Will Fail (1.000); The Fate of the US Dollar (1.000); Will the US Dollar Be Worthless? (1.000); Protecting Your Wealth As the US Dollar Loses Value ...


ANYBOBY HAVE CHANGE FOR A WORTHLESS MILLION DOLLAR BILL...LET ...

THERE NEW ROMANS FOR A NEW MILLION DOLLAR BILL YET? OR WILL THAT JUST BE ANOTHER ONE OF MANY "MISTAKES" & BY CHANCE ANYBODY GOT ANY CHANGE FOR IT? BUT DO ME THE FAVOR... NOT IN ANY OF THOSE TAINTED NEW HUNDRED DOLLAR BILLS PLEASE! ...

The inevitable collapse of the dollar

The current account deficit: en.wikipedia.org Summary: Americans are living beyond their means and Asia is currently financing that. But eventually the Asians/Europeans will stop financing the USA and then the bubble will burst. Also check out the 1-...




Related articles
The story behind $255 billion in gold (news.cnet.com)
Citi: This Is How The Dollar Could Lose Its Reserve Currency Status (businessinsider.com)


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