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Printing money when you are the worlds reserve currency is a little different than Zimbabwe.95% decline? I went to the UK like 6-7 years ago and the exchange rate was 1.54 ish dollar to pound. Now it is 1.61. that isn't 95%.1.41 dollar to Euro. High, yes, but around 2004 peak, not 95% higher.Dollar has taken a hit, no doubt, but it is not in some cataclysmic tail spin.Unemployment is bad, but it is really bad only for uneducated workers. This goes right along with the shifting economy into a more information based work force. Has been happening since since the 70's. People just keep thinking that unskilled labor is going to be in demand, yet it keeps dwindling.Once again, debt is only an issue when it becomes too big to maintain. FCCR on a national scale.
Printing money when you are the worlds reserve currency is a little different than Zimbabwe.
95% decline? I went to the UK like 6-7 years ago and the exchange rate was 1.54 ish dollar to pound. Now it is 1.61. that isn't 95%.
1.41 dollar to Euro. High, yes, but around 2004 peak, not 95% higher.
Dollar has taken a hit, no doubt, but it is not in some cataclysmic tail spin.
Unemployment is bad, but it is really bad only for uneducated workers. This goes right along with the shifting economy into a more information based work force. Has been happening since since the 70's. People just keep thinking that unskilled labor is going to be in demand, yet it keeps dwindling.
Once again, debt is only an issue when it becomes too big to maintain. FCCR on a national scale.
