Thursday, March 03, 2011
3 months ago 1 euro was worth $1.23. Now 1 euro is worth $1.39. This devaluation of the dollar is a result of the Fed's monetary policy and the fact that many nations are diversifying their currency reserves is a testament that outside the US people view the US monetary policy as unsound and destructive. Spin it all you want, Tim Geithner, but the dollar is flopping and the hyperinflation storm is on the horizon. PS Pay your taxes Geithner !