U.S. Dollar Continues to Get Crushed by Israeli Shekel

It was only a few weeks ago that market pundits were predicting the US Dollar to reach 4.5 against the Israeli Shekel. Well, what sayeth you pundits now?

Can you say 3.89? Giddy up. The Shekel, like most other currencies continue to soar as President Obama continues to print money. We have seen a 7% fall in the USD/NIS rate in less than a month. Didn’t Obama say that he wanted a strong greenback?

It’s not exactly like the Israeli economy is on fire. This is clearly a USD story and doesn’t have much to do with the Shekel. As long as we continue to see businesses become nationalized, and the US Mint working 24/7, this has the potential to become a bigger and longer trend.

Comments

[Prudent Man...:]

Israel is country whose citizens are willing to get their hands dirty, make things, and fight to the death for their Liberty. At one time the U.S. was like that.

Without a strong militiary with the wiliness to fight and defend what good is their fiat currency? Anyone with the will can take that country's Freedom, possibly without firing a shot.

If you don't respect your Freedom and Liberty you will most certainly lose it either by internal or external politics.

Jun 01 09:51 AM

[whidbey:]

The possible strategic value of Israel is known to this administration: (while lecturing the Jews on new settlements), the little Jewish state remains the mad dog of the Middle east. But it is well known that it has both a strike force and a large bench for its games. Why not bet on a strong state's money in a sea of uncertainty?

Jun 03 07:07 PM

[doubleguns:]

What a contrast, Frugal Jews-- VS-- American administration spending like drunk sailors.

Of course the dollar is getting clobbered.

No offense to the Jews or Sailors.

Jun 05 12:49 AM