Dollar's Clout Sinks Worldwide

Dollar's Clout Sinks Worldwide

news.yahoo.com

Hit by a free fall with no end in sight, the once mighty U.S. dollar is no longer just crashing on currency markets and making life more expensive for American tourists and business people abroad; its clout is evaporating worldwide as foreign businesses and individuals turn to other currencies.

Experts say the bleak U.S. economic forecast means it will take years for the greenback to recover its value and prestige.

Negative dollar sentiment is growing in nations where the dollar was historically accepted as equal or better than local currency — and dollar aversion is even extending to some quarters in the United States.

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In no time flat, the PESO is going to be worth more than our dollar...A great big thanks FED! We're fast on our way to 3rd world status...Congratulations! Are you happy now?

news.yahoo.com
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[edit on 13-3-2008 by DimensionalDetective]

I also just read where the Decider is going to start welcoming in more foreign currencies to the U.S...I bet! It's not like you have a choice anymore! You morons may as well have turned the dollar into toilet paper, because that's about all it's good for on the world market anymore-wiping one's arse with it.