Around "9/11" the US $ would buy 1.85 Swiss Francs.....today the $ buys only .935 Francs...the dollar has gone down that much! If we do all our earning and spending in US $, who cares?
If we want to take a trip to another country.
If the US government wants to continue to borrow money from foreign investors and governments.
If we want to buy foreign cars.
If we want to fill our gas tanks.
The US is becoming a "low cost" country worldwide which is why call centers are now going into Mississippi and South Dakota instead of India where wages are increasing rapidly while they are going down here.
Declining currencies ultimately leads to inflation ...meaning the price of "things" go up here. The biggest "thing" is residential real estate.
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