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Thread: World economics 101..

  1. #1
    Join Date
    Sep 1999
    Posts
    952

    World economics 101..

    How long can the dollar remain the world's most important reserve currency? I stumbled on this article. Perhaps you may like to read it and get a better perspective. Teach your children....

    http://www.progress.org/2004/econo01.htm

    Cheers!
    FonZie

  2. #2
    Join Date
    Feb 2000
    Location
    Subang Jaya, Selangor, Malaysia
    Posts
    1,315
    The value of the USD is measured using the USD Index. The USD index measures the performance of the US Dollar against a basket of currencies. As you can see there, the current index is 71.98
    http://stockcharts.com/charts/gallery.html?$usd

    It is speculated that the value has to drop to 50 before it will stabilize, a drop of 30%. This has been a major cause of inflation. If our ringgit follows accordingly, we will suffer the same quantum of inflation.

    As the USD and RM drops, gold will go up, sometime at a higher rate.

    Watch gold price here to see how it can protect us against inflation.

    www.kitco.com - click the gold charts.

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