Ummmm.... guys... I just checked the price of the dollar...

[Bigmack]

One US dollar now equals .954 Cdn
One US dollar now equals .694 Euros

Dollar goin' down....

[Poll_Blind]

1. Silver is around $40! It's INSANE. I remember joking with people about the...

..value of the Canadian Loon versus the Dollar. That the Candian currency is now superior to the dollar doesn't need any further dressing-up.

We're fucked.

PB

[Cali_Democrat]

3. Silver is on an absolute tear

Crazy. Up right now on Globex AGAIN!

[Poll_Blind]

8. Goddamn, it's gone up at least a buck in the last 2-3 days.

Jesus.

PB

[MadHound]

2. This is what happens when the Fed lets the presses roll,

And tries to print our debt away. A wonderful practice known as "quantitative easing" or monetizing the debt. So far the Feds have simply printed out an additional 1.75 trillion dollars.

More dollars in circulation leads to a weakened dollar, and higher inflation for us.

[Poll_Blind]

9. +1

PB

[Motown_Johnny]

13. do they even bother printing it

or just create digital money with 1s and 0s?

[JDPriestly]

15. This is how they steal our retirement savings and our Social Security

and Medicare money. Just watch, the amounts we spend on "security," i.e., military junk, will skyrocket. That is because we have to import a lot of raw materials to produce that stuff that we blow up in places like Libya, Iraq and Afghanistan.

[ck4829]

21. And corporations holding 2 trillion dollars hidden away in offshore accounts

Just picture the inflation if this money is 'repatriated' and tax-free as they want.

[slipslidingaway]

4. Been going down for about 10 years. n/t

[uponit7771]

5. ....and exports are going up, core inflation mostly stable

[Cali_Democrat]

6. Core inflation doesn't include food and energy

Maybe we can eat some ipads and other electronics. :eyes:

[jeff47]

17. That's 'cause food an energy vary wildly

When gas prices were a lot lower 2 years ago, were you concerned about deflation? And concerned about inflation 2 years before that when gas prices were about where they are now?

[MNBrewer]

7. bad time to visit Winnipeg, then I guess

My friend should drive down here.

[SidDithers]

11. Is there ever a good time to visit Winnipeg?...

:hi:

Sid

[Lydia Leftcoast]

10. Falling against the pound and euro, rising against the yen

xe.com is a good source for up-to-the-minute and historical data on currencies.

[Thunderstruck]

12. Yea, I've been watching it. Doesn't seem to be much interest about it on DU.

[M155Y_A1CH]

14. ostrich syndrome

If we don't look, we can pretend it doesn't matter.

In frightening times it is the way many people cope.

The "this too will pass" folks are often right
and the "sky is falling " folks are often wrong. So what is one to do?
:shrug:

[jeff47]

18. Except a weak dollar helps in our current situation

Weaker dollar means more exports, which means more jobs in the US.

Weaker dollar means less imports, which means more jobs in the US.

A weak dollar is not always good, but in our current crappy economy it is.

[Warren DeMontague]

16. weaker dollar means stronger exports.

which means more domestic jobs.

Sorry, it does.

[xchrom]

19. Recommend

[ThomWV]

20. So, even higher profits for Farmers and heavy machinery manufacturers