Originally posted by Mini D
Is this the first prediction of the colapse of the dollar thrawn... or is this just the first time you've actually paid attention to it. I mean... really... worse case is the U.S. dollar drops to near the same level as the Canadian dollar.
Well problem is that there is one more currency, whitch doesnt fall. Dolar is loosing now, as it did before Iraqi War I.
However biggest diference is that people who trash it today will have no reason to convert back, coz dolar is not the only one powerfull currency on the market.
And there is one more reason, why traders abandon $$. Your political system is not stable, rate of $ change after every BS claimed by someone in administration. And nobody want to lose his money because somebody announced another BS, whitch made dolar weaker or stronger for a short time.
For example 6 years ago, whe my brother in law impoted gods from germany, he lost 2000 while trucks were on the way, rate has change.
When it happened for 5. he simply stoped use that useless currency