The US dollar has lost 66% of it’s value against the Canadian dollar since 2000. As of today, $1 US = $1.03 Canadian.
What does this mean? I means a great deal.
At the end of 2006, the dollar lost .17 against itself since 2000. So in 2006, $1.17 had the same purchasing power as $1 in 2000.
Look at the fall of the dollar in the last 10 years against the Canadian dollar:
http://www.measuringworth.com/datasets/exchangeglobal/result.php?year_source=1996&year_result=2006&countryE%5B%5D=Canada”
How much has your salary increased since then? Goods and services continue to rise at a dramatic rate, wages are not keeping up… I don’t think people realize yet how poorly the dollar is doing. People are relying on credit to keep them afloat. Credit cards, consolidation loans, payday loans. Eventually it will all catch up. Foreclosures are at an all time high. 1 out of 142 homes in Georgia.
http://abcnews.go.com/Business/MarketTalk/story?id=3630951&Business=true
Investors are pulling out of the dollar and diversifying into Euro and Yen, at an alarming rate.
Personally I’m going to look into gold and silver. From different sources, but here is one, Lear Financial.
http://www.refernow.com/referral/74828b9d/3612.html
More soon..
L
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