On Thu, Nov 08, 2007 at 02:13:35AM +0530, Gautam John wrote: > # The US dollar has now lost more than a third of its value (-35%) > against a basket of major currencies since Feb 2002. > # The decline is accelerating. The USD has shed -12.5% of its value in > the last year, -3.5% in the last month, and -1.5% in the last week > alone. > > http://ftalphaville.ft.com/blog/2007/11/07/8713/the-dollars-slide-13-down-and-falling-faster/
You ain't seen nothing yet. The intrinsic value of green-pigmented dead tree is very close to zero. The greenback does considerably worse than any other fiat currency carried by the underlying economy precisely because it's a gold surrogate, without being actually scarce. When trust goes, it's a landslide. -- Eugen* Leitl <a href="http://leitl.org";>leitl</a> http://leitl.org ______________________________________________________________ ICBM: 48.07100, 11.36820 http://www.ativel.com http://postbiota.org 8B29F6BE: 099D 78BA 2FD3 B014 B08A 7779 75B0 2443 8B29 F6BE
