by Richard B.
Member since:
June 19, 2006

As the US Dollar Weakens

September 22, 2009 05:45 AM EDT (Updated: September 22, 2009 05:47 AM EDT)
views: 44 | comments: 3

Speculators are currently investing assuming that the US Dollar will weaken.  If so then there will be more currency value in regional currencies and a few over a short period of time will replace the dollar with investments in other commodities and properties of the world.

I would expect that the Euro and the Yen would replace the Dollar as international currencies in the next ten or so years if the US Dollar continues to weaken.

I know that the value of the US Dollar is weakening because the price of Oil, Gold, Stocks and other commodities are rising.

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Comments: 3

Matthew M. Sep 22, 2009, 2:00pm EDT
The dollar is going the way of all fiat currencies. It will take time, but I think hyperinflation is very possible within 10 years.

Our debt, and our foretasted deficits, are so large that Washington will inflate it away instead of paying it off. Common Americans will suffer greatly for this recklessness.
Sandre M. Sep 22, 2009, 2:37pm EDT
Your suppositions may be right, but it depends on how this economic situation in the US plays out and whether or not we continue to mortgage our interests to the Chinese, Japanese and Middle Eastern interests.
Jan S. Sep 24, 2009, 8:33pm EDT
This is surely a volatile time for our country's economy. It's a trial to our faith.

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