Sunday, August 3, 2008

U.S. $$ vs. Euro - 10 year Chart

Interesting Chart of the Euro vs. the U.S. Dollar.

Back in 2001 each U.S. $$$ was worth nearly 1.2 Euros. Today, each U.S. Dollar is worth about .70 Euros.

That is what happens when you run deficits year after year after year after year, with no prospect of things improving. At some point the U.S. gov't has to stop the insanity because inflation is now creeping into the pocketbooks of Americans and people throughout the world as most commodities are priced in U.S. Dollars. So, as the $$$ drops EVERYTHING gets more expensive to us and to many foreigners as well.....Not all of them though :)

Dan Ross

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