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Message Subject
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Why is the Dollar at a 20 month high?
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Poster Handle
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loosecannon |
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Post Content
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The U.S dollar index (major currencies index) went from 77 in October 2007, to 69 in April/March of 08, now it's back around the 85 mark and climbing.
Due to the obvious hyper inflationthat has occurred by the Fed. printing trillions of dollars in the past few months...how is this plausible?
Quoting: LushLifethe answer is deflation pure and simple. And as some other posters have pointed out don't be so sure that the money supply is growing. I don't think we can know but I would bet otherwise.
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