It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
The euro and the dollar are nearly trading one for one, as the EU single currency continues to fall to new depths after the announcement of the ECB’s quantitative easing, the €1.1 trillion bond-buying program launched Monday.
originally posted by: solarstorm
The dollar will continue to get stronger, and stronger but eventually it will supernova and explode.
God help us all.
originally posted by: pl3bscheese
a reply to: asmall89
I'm not seeing any valid reasoning for why the US would lose reserve status. You list other currencies in decline. This does not influence the USD negatively. If USD are dumped, in what currency would people flee to? If goods are traded in USD, backed by the might of the military, how is this to change anytime soon?
WW3 makes no sense. It's in nobodies interest to pull that trigger. The benefits do not outweigh the risks. I've heard this same thing that the USD will fall for the last 15 years. What you see, if anything, is a decline relative to the rise of other nations. Everything is weighed against everything else. Where will the scales tip towards? Who will rise? The only superpower which holds a chance is China, and they are way behind from a military standpoint. Not to mention it makes no damned sense for them to risk a WW3 before 2025.
originally posted by: charlyv
a reply to: TommyD1966
It's even better to go to Canada. Getting back to the old days. US gets about 1.20 C for 1$.