Mar 17, 2008
U.S. Dollar Being Turned Away in Street Exchanges
“It's hard to find a place to exchange. We have to go downtown, to the central station or post office.”
People won't take U.S. dollars for exchange because the value is dropping too fast. via Paul Kedrosky's Infectious Greed
Comments
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“We're all bozos on this bus” Joined: Jan 23, 2007 Comments: 4688 It's hotter'n Hell in Heater ISP: Indianapolis, IN |
Gee, imagine if we WERE in a recession! ;-)
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We lack serious financial leadership in the US government. The dollar purchased 1.3 Euros in 2002. Now it purchases .75 Euros, a 100% drop! Something has run amuk. The feds concern to fuel the economy by cutting interest rates is causing the dollar to fall like a boat anchor.
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“We're all bozos on this bus” Joined: Jan 23, 2007 Comments: 4688 It's hotter'n Hell in Heater ISP: Indianapolis, IN |
Actually,'0' would be a 100% drop. |
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