As concern grows for the future of the dollar, we should reinterpret stock movements to take account of currency exchange fluctuations. The above chart shows the Dow since the start of the year (red line) and adjusted for relative value of the US dollar against the Euro (green line).If you have any suggestions as to what other currency to use instead, I'd be glad to read them. I fear that future weakening of the British pound and the US dollar may well undermine apparent future recoveries on their stock exchanges.
5 comments:
I've run a series of posts on it. Yes - Treasury issued notes, debt-free and interest-free, for the first two years.
Wipes out the CBs and FRB in one hit.
Like all the best ideas (e.g. the lightbulb that never wears out) it will be suppressed.
Sackerson - those stories, like the car that gets 200 miles a gallon, are urban legends and/or scams. The money stuff may be more plausible, as the whole system is a house of cards anyway.
At least, unlike Cuba, we won't run out of toilet paper if the dollar becomes worthless.
Except we'll need lots more toilet paper, P.
Post a Comment