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04:50 PM
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What will happen when the US Dollar falls below 80???
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[quote:Anonymous Coward 258514:MV80MTUwMzZfNjQ1MDg5OF8zNjBBQjcwNA==] [quote:WW RAUPP] (...) First of all, the dollar index is all about exchange rates. It says [b]nothing[/b] about dollar purchasing power. If the dollar index goes below 80 I suspect nothing will happen to American citizens who pay and earn their dollars. There's no correlation between a drop in the US dollar index, and it should be reverse proportional, ie, the dollar index drops and CPI goes way up. That is not happening. [/quote] You have no idea what you're talking about. It says EVERYTHING about the dollar purchasing power. The dollar index is the price of the dollar vs a basket of six foreign currencies. As the dollar moves lower, everything Americans buy from overseas gets more expensive. Commodities also move higher because commodities are priced in dollars. [/quote]
Original Message
Many people are saying that the USD will drop like a rock once it gets past the crucial 80 mark.
When this happens, and the Federal Reserve Note starts to freefall, what will that mean for the ordinary American?
Will all the Fed. Reserve Notes we have become essentially worthless? Will it be like in the Communist countries back in the late 80s in Europe when the old currency became worthless, they brought in a new currency and everyone who exchanged their old currency for the new one get only a few cents of the original value?
Will precious metals like gold and silver keep their value, or go even higher in value?
WHAT IS GOING TO HAPPEN???
We MUST prepare for this. It's good to know what to do.
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